This is what a crisis looks like
From the Daily Mail (I know, I know), the reality of crisis:
'Yet at the same time, the supply of container ships is growing. This year, supply could be up by around 12 per cent and demand is down by eight per cent. Twenty per cent spare is a lot of spare of anything - and it's come out of nowhere.'
Whats more, the ship yards are running out of orders, and will be at a standstill by 2011 - the long tail of the recession shows itself here, recovery will only soak up the available stocks, there will be a lag before new capacity is needed.