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Here's Why The Baltic Dry Index Is Collapsing (In 1 Image)

Tyler Durden's picture




 

If ever there was a better indication of the malinvestment boom created by an interfering Fed, this is it. As demand for shipping collapses on real slowing in the global economy - markets have "told" shipbuilders to "build it and they will come"... here is a ship-shipping ship, shipping shipping ships.

 

h/t @NMMGreenwich

 

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Wed, 05/14/2014 - 18:23 | 4760811 Dorelei
Dorelei's picture

Iceberg ahead !!!!

Wed, 05/14/2014 - 18:26 | 4760819 unrulian
unrulian's picture

you've got to be shipping me

Wed, 05/14/2014 - 18:28 | 4760826 NotApplicable
NotApplicable's picture

I can't imagine the size of the cranes required to do that.

Wed, 05/14/2014 - 18:33 | 4760844 zaphod
zaphod's picture

As messed up as things are today, mankind's industrial capability is amazing in the scale we can build today, but most people don't ever see these feats of engineering. 

Wed, 05/14/2014 - 18:37 | 4760861 franzpick
franzpick's picture

That - is The Ship of Fools.

Wed, 05/14/2014 - 18:40 | 4760869 Looney
Looney's picture

Holy Ship! ;-)

Looney

Wed, 05/14/2014 - 19:34 | 4761052 knukles
knukles's picture

+++++++ for the Firesign Theater, Tyler, if my uh memory serves uh...
me

uh  
what?

 

 

heydidju order the pizza?

Wed, 05/14/2014 - 19:55 | 4761108 StychoKiller
StychoKiller's picture

"Yeah, I'd like a large pizza and no anchovies..."

Wed, 05/14/2014 - 20:34 | 4761191 old naughty
old naughty's picture

I don't get it...

Hadn't they invented BDI after they stacked them steelcases atop one another, high?

You mean it was all for "nothing"...

Oh, what's with the "no" anchovies?

Wed, 05/14/2014 - 21:03 | 4761269 ss123
ss123's picture

I dunno but after seeing that image, I immediately SHIPPED MY PANTS!

Wed, 05/14/2014 - 21:27 | 4761322 Pool Shark
Pool Shark's picture

 

 

Skipper: "That has got to be the second biggest stack of ships I've ever seen."

 

 

Wed, 05/14/2014 - 21:59 | 4761396 franzpick
franzpick's picture

You can't make this ship up?

Wed, 05/14/2014 - 22:30 | 4761454 Mistress Raindrop
Mistress Raindrop's picture

Yet the shopping malls are still filled to the rafters with people.  Go figure.

Wed, 05/14/2014 - 23:17 | 4761530 naughtius maximus
naughtius maximus's picture

Not in Marion Ohio at least, maybe Dayton...

Wed, 05/14/2014 - 23:30 | 4761550 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

Oh, I get it now! This is that alien thing that floated to the surface at the end of The Abyss (Special Edition).

Thu, 05/15/2014 - 06:57 | 4761863 tonyw
tonyw's picture

I hear it is also capable of carrying one average-sized American

 

Thu, 05/15/2014 - 08:07 | 4761968 old naughty
old naughty's picture

b,b,but them tri-angular, not rect-angular, no?

Wed, 05/14/2014 - 20:18 | 4761148 Stuck on Zero
Stuck on Zero's picture

Am I wrong or is that a picture of the new Carnival Cruise ship?  Guaranteed lifeboat space for everyone.

 

Thu, 05/15/2014 - 00:35 | 4761651 zerozulu
zerozulu's picture

Don't ship me bro......

Thu, 05/15/2014 - 02:49 | 4761732 Doña K
Doña K's picture

It looks like they are headed for the scrap yards. Tax deductible including loss of potential income. Broken window falacy on steroids

Thu, 05/15/2014 - 00:12 | 4761619 PlausibleDenial
PlausibleDenial's picture

Nick Danger says high.... he is still in Nairobi:)

Wed, 05/14/2014 - 19:47 | 4761087 aVileRat
aVileRat's picture

You know it's getting stupid when you can buy a tramp on Ali Baba for 50% off plus insurance.

Personally waiting for another 1985 style blowout where ships are going on sale for 40% of scrap value. Old man Onassis/Morgan Stanley made a killing back then turning hulks into bunkers and floating fridges.

Wed, 05/14/2014 - 19:07 | 4760975 bjfish
bjfish's picture

A Tower of Babel 

Wed, 05/14/2014 - 19:08 | 4760979 BrosephStiglitz
BrosephStiglitz's picture

Inception Ship(tm)

Wed, 05/14/2014 - 19:15 | 4761008 Diablo
Diablo's picture

Too bad that pic is OVER TWO YEARS OLD.

http://www.dailymail.co.uk/sciencetech/article-2158305/Thats-load-ships-...

 

crack reporting as always tyler!!!!!!!!!

ROFLMAO zerohedge has become a joke.

 

 

Wed, 05/14/2014 - 19:30 | 4761039 MrPalladium
MrPalladium's picture

The fact that the picture is two years old does nothing to alter the fact that the Baltic Dry is collapsing. The picture is a warning that the collapse is not necessarily due to falling trade volumes, but also because of oversupply of ships - an indicator of irrational exhuberance in recent years and a serious over estimation of demand for goods. Overproduction of ships would not occur unless commodity consumers and goods producers were not also wildly optimistic and built what is now excess capacity. The stacked water craft in the picture (which actually look like large sea faring barges) is merely a convenient graphic illustration of a much larger problem.

Wed, 05/14/2014 - 19:42 | 4761074 The Blank Stare
The Blank Stare's picture

Bullish Moet & Chandon, someday, in a galaxy far far away

Wed, 05/14/2014 - 21:32 | 4761334 James_Cole
James_Cole's picture

The picture is a warning that the collapse is not necessarily due to falling trade volumes, but also because of oversupply of ships - an indicator of irrational exhuberance in recent years and a serious over estimation of demand for goods.

Irrational markets? Whaaaaaatttt?? 

In other news, some serious ship porn:

http://i.dailymail.co.uk/i/pix/2012/06/13/article-2158305-13936DB6000005...

Wed, 05/14/2014 - 23:36 | 4761561 Creepy Lurker
Creepy Lurker's picture

Thats truly amazing.

Wed, 05/14/2014 - 21:45 | 4761366 Son of Loki
Son of Loki's picture

Mr Palladium has a point. The oversupply of almost everything is astronomical. For example, walk into almost any retailer and the isles are packed with clothes stacked up to the ceiling all discounted 60% ... no ... 70% ... no ... 80%..NO!...90% off!!! and yet few peeples are buying.

YET, thousands of ships loaded with a flood of clothes wait offshore from China ... Vietnam ... Bangladesh ... Cambodia, Honduras and on and on ready to release more Flood of acrylic, rayon...you name it on top of the mountains of textiles we already cannot sell.

Massive backlog portends a scary ending as the global economy sinks deeper into recession some say.

Wed, 05/14/2014 - 22:07 | 4761408 franzpick
franzpick's picture

'the isles are packed with clothes'

A few hours after the street rioting and looting begins, that inventory problem will be eliminated. 

Wed, 05/14/2014 - 22:12 | 4761420 QQQBall
QQQBall's picture

 Iagree with oversupply ovreall, but in stores I am seeing "faced" shelves 1 item deep. Any supply chain disruption and store inventory could become pretty thin.

Wed, 05/14/2014 - 19:34 | 4761056 NotApplicable
NotApplicable's picture

Guess what? It's still perfectly applicable today, as those ships are the very definition of the higher order capital goods where malinvestment occurred in advance of the collapse of the consumer goods industries that were originally supplying an unsustainable demand driven by a credit-fueled crack-up boom.

 

Wed, 05/14/2014 - 21:29 | 4761330 disabledvet
disabledvet's picture

You've stranded all your capital to pay for a trillion dollar ten man Army.

Hmmm.
Ummm..."we'll just print out way out of this?"

Can you even get a handle in Vegas these days?

Sure "they bet on everything there"...ten dollar slots are the way to go?

Wed, 05/14/2014 - 19:38 | 4761065 ebworthen
ebworthen's picture

2012 - so what - the FED gravy train to perdition began in 2008.

Besides, they'll make great troop and armament carriers for China when the time comes.

Wed, 05/14/2014 - 20:41 | 4761208 Zirpedge
Zirpedge's picture

The picture is there for dramatic effect. The OP is not saying the baltic dry is collapsing because of this picture, you had to reach for it.

Aside, I was on a ski lift with some shipping folks earlier this year. About six of those "shipping ships" go missing every year. It's thought that a rogue wave is to blame, but nobody misses the crew and the whole thing is just a write off. When your shipping a sweater made by Bangladeshi slave children for $.12 and the shipping costs are $.02 and you can sell it to some rich westerner for $25.00 on sale, who cares?

The decadent west needs to be brought down to parity with the rest of the world before we can have a world community and government to serve us all as equals.

Wed, 05/14/2014 - 21:18 | 4761297 Quantum Nucleonics
Quantum Nucleonics's picture

So the key to nirvana is to have everyone live in abject poverty?  Gee, that's uplifting.

Wed, 05/14/2014 - 21:59 | 4761398 Quentin Daniels
Quentin Daniels's picture

Abject poverty is going too far.  I think the poorest in the world and the richest can meet somewhere in the middle, perhaps a bit closer to the bottom than the top.  It certainly doesn't change the fact that the west achieved it's wealth mostly by borrowng from future generations.  Stealing, actually, since there really wasn't any intention to repay.

Wed, 05/14/2014 - 22:49 | 4761497 Zirpedge
Zirpedge's picture

@Quentin Da

Yes, we must enforce equality and make everyone meet somewhere in the just south of middle. First you play opposing forces against eachother, then you come in with the solutions. The force is strong in you.

Thu, 05/15/2014 - 02:04 | 4761709 Debugas
Debugas's picture

what is the point for the rich to uplift the poor ?

There is absolutely no point in doing it

The official policy of the rich as stated by the queen is to reduce world population down to 1 bln or even less

Thu, 05/15/2014 - 02:56 | 4761737 Quentin Daniels
Quentin Daniels's picture

I'm not talking about the 'rich uplifting the poor', nor any form of imposed wealth redistribution.  I certainly don't think that people who have earned their wealth should have it confiscated to give to those who haven't.  IMHO, charity, while socially admirable, should always be voluntary.

I'm currently travelling through Australia, and here more than most places I've been, people draw a pretty clear distinction between the wealthy who earned their wealth, generally held in high public esteem, and those who didn't, who aren't.

In spite of generalisations and jokes to the contrary (and I'm as guilty of this as any), the reality is that people aren't that stupid.  They can pretty readily tell whether someones wealth is earned or not.  Much of the wealth that resides at the very upper end of the scale was not earned honestly.  So much of it has been accumulated through theft, both overt and covert, in some cases over the course of centuries.  The wealth redistribution that I anticipate won't be a government program.  It will be those who have been stolen from forcibly reclaiming that which was stolen.

There are limits to how unbalanced a system can become before it collapses in order to return to a more stable state.  I have a feeling that Her Magesty's Wealthy Looters Club which has only existed for a few hundred years (not long in the scheme of things) is going to find out that their activities are driving society to become too unstable, and it will all fall apart too soon to allow them to carry the plan through to completion.

This thought gives me hope.

 

Wed, 05/14/2014 - 22:24 | 4761442 nmewn
nmewn's picture

Apparently the key to "personal nirvana" is hanging out on the ski slopes with shipping magnates, discussing the decadent west...or sumpin ;-)

Wed, 05/14/2014 - 22:42 | 4761481 Zirpedge
Zirpedge's picture

@Quantum Neucleonics *sheesh

Nirvana? Who said you earned it?

Wed, 05/14/2014 - 21:44 | 4761362 Mike in GA
Mike in GA's picture

"...The decadent west needs to be brought down to parity with the rest of the world..."

What the hell were you doing on a ski lift, practicing looking down on people you propose to join? 

Your man Obama is bringing us down as fast as he can and if you really think that any government will ever "...serve us as equals..." you are beyond hopeless.

Sheesh!

Wed, 05/14/2014 - 22:33 | 4761453 BrosephStiglitz
BrosephStiglitz's picture

No no.. you misinterpret what he is saying:

By "decadent West" he means the Western peasantry and their decadent spending. How DARE they have disposable income. Buying new clothes?  Only your betters can, and should be able to afford new clothes.  Wear your rags serf.

And obviously this was a a ski-lift for the aristocracy to nonchalantly defecate onto the serfs below, while swilling champagne and eating beluga caviar.  It always runs downhill.

Wed, 05/14/2014 - 22:47 | 4761491 Zirpedge
Zirpedge's picture

@brosephstiglitz

In the summer we prefer, " A rising tide lifts all boats."

The winter it's "Shit runs downhill."

Guess who controls the weather?

Thu, 05/15/2014 - 00:28 | 4761639 mt paul
mt paul's picture

zirpedge

 

guess who controls 

the shit...

Wed, 05/14/2014 - 22:44 | 4761485 Zirpedge
Zirpedge's picture

@Mike in GA

I guess your more equal?

Thu, 05/15/2014 - 06:17 | 4761832 omniversling
omniversling's picture

< Stacking

< Bulk boating accidents

Wed, 05/14/2014 - 20:09 | 4761131 Kirk2NCC1701
Kirk2NCC1701's picture

Michael rowed his boat ashore...

Damn, that's some fancy rowing, Micheal!  Oar is it?

Wed, 05/14/2014 - 21:23 | 4761312 RevRex
RevRex's picture

my goat knows the bowling score....

Wed, 05/14/2014 - 20:45 | 4761219 Georgia_Boy
Georgia_Boy's picture

It's the same ship that moved the USS Cole back to the U.S. after it was bombed by Al Qaida.

Wed, 05/14/2014 - 18:41 | 4760873 BrosephStiglitz
BrosephStiglitz's picture

Yep.  Pretty amazing.  Even more amazing when that industrial capacity gets diverted toward military production.  I'll sit out with a tumbler of whiskey and a lit cuban and watch mankind's biggest ever fireworks display.

 

Wed, 05/14/2014 - 18:49 | 4760912 max2205
max2205's picture

Cash for Cape Clunkers

Wed, 05/14/2014 - 19:21 | 4761020 New Survivalist
New Survivalist's picture

Bullish.

Thu, 05/15/2014 - 03:57 | 4761782 CHX
CHX's picture

Bullship.

Wed, 05/14/2014 - 20:24 | 4761164 Kirk2NCC1701
Kirk2NCC1701's picture

That's a boat-load of screwed owners, if they financed most of each ship.

The bankers who made the Debt Obligations, however... will let them take about "an hour on the tower of power..."*

* verse from Frank Zappa (Bobby Brown)

Wed, 05/14/2014 - 21:18 | 4761298 newworldorder
newworldorder's picture

Wish I could do that. Health concerns prevent it.

Wed, 05/14/2014 - 18:43 | 4760876 walküre
walküre's picture

Hello? Mankind built pyramids for ONE stupid pharaoh. It required countless weeks and months and years of planning, engineering, gathering of materials and building.

We're always reaching for the stars while billions on this planet cannot read, cannot write, don't have quality nutrition. Stupid stupid stupid!

Please tell me when was it ever any different?

Example: The Burj of today is yesteryears Pyramide.

Burj occupancy average 10% because it is in the fucking desert (with a bathtub of sea) and they don't have any cheap whores or decent casinos.

That's just the tip of the iceberg.

Wed, 05/14/2014 - 18:48 | 4760899 ApollyonDestroy
ApollyonDestroy's picture

I for one visited the Burj, they practically gave the top floor suites away for nothing. It was a real ghost hotel. And then those dumb Emirates bought up the Aria in Vegas, the Aria sucks. Moral is the Emirates suck.

Wed, 05/14/2014 - 18:47 | 4760900 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

They have cheap whores and gambling and drugs and alcohol. Just look under the surface. Corruption is rampant there.

Wed, 05/14/2014 - 18:49 | 4760907 ApollyonDestroy
ApollyonDestroy's picture

Yeah they had cheap whores. It's just a matter of how much one considers "cheap"

Wed, 05/14/2014 - 18:59 | 4760943 walküre
walküre's picture

The Dollars are rolling there so the entertainment is not cheap. Similar to towns in the Dakotas where the guys make good pay working the shale jobs. Richer of course in the Emirates.

Wed, 05/14/2014 - 22:12 | 4761418 acetinker
acetinker's picture

Ok, smart ass.  Can you, personally right here on the hedge paste your action plan, your detailed mining and manufacturing process for cutting even the cornerstone of the Great Pyramid?

I didn't think so.

You have a lot of stupid followers, too.

Wed, 05/14/2014 - 22:35 | 4761464 Oliver Klozoff
Oliver Klozoff's picture

Here's how they built the pyramids:

http://www.theforgottentechnology.com

 Stonehenge too.

Thu, 05/15/2014 - 22:56 | 4765214 acetinker
acetinker's picture

Thanks Ollie, but that's not even similar to the pyramids at Giza.  Try again.

Wed, 05/14/2014 - 21:10 | 4761282 acetinker
acetinker's picture

Yes but- We'd still be stymied in re-producing the pyramids of the Giza Plain.  Just my opinion, of course, but there's the moai, and the phenomenal crop circles of recent times- far more impressive than ships shipping shipping ships imho.

Thu, 05/15/2014 - 00:44 | 4761659 Libertarian777
Libertarian777's picture

then again... we haven't..

built anything to rival the Great Wall

built anything to rival the Great Pyramids

built anything close to Stonehenge

 

 

We can build big things now, and fast. We just can't build stuff that LASTS.

Name 1 building constructed in the last 20 years that you expect to be around in the next 200 years.

Thu, 05/15/2014 - 08:43 | 4762049 Sean7k
Sean7k's picture

They are all built with stone, we don't use stone. Stone lasts for millenium. The next question: do we want anything we build to last? Or, is anything we build worth keeping? Are they marvels or have greater meaning in the universal cosmology? 

It is hard to attach significance when a project, regardless of engineering prowess, is merely an enticement to spend moar. For me, my farm is one of the most beautiful places on earth ( and I have seen a lot of the earth), the structures and engineering pale compared to what nature has accomplished and will continue to accomplish when we are all dead and gone.

The wonders of the world are transient dreams made reality for a period of time. Still, a dog will take a dump on the greatest of them without a glimmer of guilt. Once you eliminate pride, structures are just structures. Now, if we could learn to build within nature, harnessing her designs and methods, structures would coalesce and fall apart and fail to poison us in the process. That would be truly extrordinary.

Thu, 05/15/2014 - 23:16 | 4765264 acetinker
acetinker's picture

Yes, maybe a dog (or yourself) would take a dump on these structures without a care, but I was so hopng that that you were smarter than that.  Your whole fucking existence is absolutely and unequivocally dependent on those who went before you.

To reduce the sum of that experience to "transient dreams" is to me, your claim to be 'elite'.

Fuck off, Sean

Wed, 05/14/2014 - 18:33 | 4760847 espirit
espirit's picture

Need moar ferrys.

Wed, 05/14/2014 - 19:00 | 4760945 WillyGroper
WillyGroper's picture

Fairies are all over the tee vee.

Wed, 05/14/2014 - 19:14 | 4761002 A Nanny Moose
A Nanny Moose's picture

It would add to the plausibility of that whole "boating accident" thing.

Wed, 05/14/2014 - 18:35 | 4760854 remain calm
remain calm's picture

Keep stacking boys and girls.

Wed, 05/14/2014 - 18:45 | 4760888 Long-John-Silver
Long-John-Silver's picture

I can't imagine the size of the cranes required to do that.

The Shipping Ship sinks and they float the Ships to be shipped on it one layer at a time.

Wed, 05/14/2014 - 19:37 | 4761063 NotApplicable
NotApplicable's picture

h/t

Wed, 05/14/2014 - 20:13 | 4761140 Kirk2NCC1701
Kirk2NCC1701's picture

I hope you're being sarcastic.  You gonna sink the ships too?

Mr. Spock, your job is safe.

Wed, 05/14/2014 - 21:27 | 4761321 Long-John-Silver
Long-John-Silver's picture

Nope! Not being sarcastic.

No crane in the world is big enough to lift these sorts of cargoes onto her deck and so she has an ingenious trick up her sleeve.

The deck is submersible and can disappear under 13 metres of water when her ballast tanks are pumped full of water.

Boats, oil rigs and ships can then be floated on before the deck is raised again by emptying its ballast tank.

Read more: http://www.dailymail.co.uk/sciencetech/article-2158305/Thats-load-ships-The-carrier-boat-hold-22-barges--oil-rig--back.html#ixzz31k9IgLQf
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Wed, 05/14/2014 - 23:28 | 4761547 ceilidh_trail
ceilidh_trail's picture

But how do the smaller ships get stacked on top of each other?

Thu, 05/15/2014 - 08:52 | 4762079 Sean7k
Sean7k's picture

Read the article: special harnesses.

Wed, 05/14/2014 - 19:26 | 4761028 tmosley
tmosley's picture

For his senior prank, Ben Bernanke let three pigs labelled QE1, QE2, and QE4EVA loose in his school.

Had to build $17 trillion worth of cranes to get them out.

Wed, 05/14/2014 - 20:01 | 4761119 RafterManFMJ
RafterManFMJ's picture

I pulled up the manifests and each of those ships on ships is packed with good and silver - headed East.

Wed, 05/14/2014 - 21:56 | 4761389 BandGap
BandGap's picture

Think loading from the bottom. No crane, elevator.

Thu, 05/15/2014 - 03:50 | 4761780 ebear
ebear's picture

No cranes required

It's all explained here (if you can get past her accent...lol)

http://www.youtube.com/watch?v=2ShjJW85S7E

Wed, 05/14/2014 - 18:28 | 4760831 Pladizow
Pladizow's picture

Holy ship!

Wed, 05/14/2014 - 20:30 | 4761181 perchprism
perchprism's picture

 

See if you can hold your tongue and say, "My father works in the ship yard".

Wed, 05/14/2014 - 20:57 | 4761252 db51
db51's picture

lmfao.     Now that was funny, I don't care who you are.

Thu, 05/15/2014 - 01:29 | 4761698 Idvst8
Idvst8's picture

When ships Hump, it's so boring

Thu, 05/15/2014 - 06:42 | 4761848 Mareka
Mareka's picture

If your product is giant stuff that floats, why would you stack it on a barge?

Wed, 05/14/2014 - 18:27 | 4760823 BrosephStiglitz
BrosephStiglitz's picture

Just like the global economy, the Titanic was deemed to be unsinkable too.  Not sure what it is about human herding behavior that makes people act like such jackasses.

Wed, 05/14/2014 - 18:29 | 4760832 JoeSexPack
JoeSexPack's picture

Herd instinct.

 

Hiding in center of herd is easy.

 

Safe from shepherd's whip, sheepdogs & wolves.

 

Only mavericks leave the herd, & the shepherds don't like them.

Wed, 05/14/2014 - 18:33 | 4760850 BrosephStiglitz
BrosephStiglitz's picture

Yeah and when the herd is a herd of lemmings that are heading full-speed off a precipice, I'll take my chances against the predators.

Wed, 05/14/2014 - 19:13 | 4761003 Anusocracy
Anusocracy's picture

For millions of years, the tribe promoted survival - especially those at the top.

Now it only promotes the survival of those at the top.

Wed, 05/14/2014 - 21:15 | 4761289 newworldorder
newworldorder's picture

The only maverick allowed to leave is McKain, the esteemed gentle-person from Arizona.

Wed, 05/14/2014 - 19:28 | 4761034 Buck Johnson
Buck Johnson's picture

"here is a ship-shipping ship, shipping shipping ships...", by the seashore lolololololo.  This is going to end really badly for the US and the world when this economic game implodes.

 

 

Wed, 05/14/2014 - 20:07 | 4761129 JuliaS
JuliaS's picture

Jenga!

Wed, 05/14/2014 - 21:04 | 4761273 prains
prains's picture

Is that a Chinese cruise ship?

 

except I'm not seeing the oars

Wed, 05/14/2014 - 18:24 | 4760812 ihedgemyhedges
ihedgemyhedges's picture

Just a little channel stuffing. They run the GM way baby......

Wed, 05/14/2014 - 18:26 | 4760822 Rainman
Wed, 05/14/2014 - 18:31 | 4760839 BrosephStiglitz
BrosephStiglitz's picture

Honestly if they wanted to misallocate capital on that scale they'd be better off following The Ben Bernank's advice and tossing it from choppers above Walmart parking lots.

Wed, 05/14/2014 - 22:12 | 4761419 franzpick
franzpick's picture

No worries: You didn't build this ship...

Wed, 05/14/2014 - 22:49 | 4761496 BrosephStiglitz
BrosephStiglitz's picture

True.  I guess the Chinese taxpayer did.  

Wed, 05/14/2014 - 18:33 | 4760851 Carpenter1
Carpenter1's picture

A new industry is born! No orders? Just build and ship shipping ships! DOW to 50k and up on "notional shipments."

Wed, 05/14/2014 - 18:24 | 4760814 Digital Disasters
Digital Disasters's picture

I shiped my pants

Wed, 05/14/2014 - 18:56 | 4760926 Seize Mars
Wed, 05/14/2014 - 19:32 | 4761044 Jumbotron
Jumbotron's picture

I just shipped my barge !!!!

Wed, 05/14/2014 - 18:24 | 4760815 Citxmech
Citxmech's picture

OMFG - That is insane.

Wed, 05/14/2014 - 18:25 | 4760817 Jumbotron
Jumbotron's picture

HOLY SHIP !!!

That's a SHIP-TON of SHIPS  !!!

Wed, 05/14/2014 - 18:27 | 4760824 Son of Captain Nemo
Son of Captain Nemo's picture

"As demand for shipping collapses on real slowing in the global economy - markets have "told" shipbuilders to "build it and they will come"... here is a ship-shipping ship, shipping shipping ships..."

Someone needs to force the Administration and Congress to have that picture and this caption at the foot of every last page of legislation that gets passed into law along with their individual official outgoing letters!

Well done again Tyler in hitting the sweet spot!

Wed, 05/14/2014 - 18:28 | 4760827 Bunga Bunga
Bunga Bunga's picture

Cash for clunkers?

Wed, 05/14/2014 - 18:28 | 4760828 Eastwood
Eastwood's picture

It's like stacking ship on top of ship, generating one giant pile of ship in the process!

Wed, 05/14/2014 - 18:29 | 4760833 Gaius Frakkin' ...
Gaius Frakkin&#039; Baltar's picture

WTF

Wed, 05/14/2014 - 18:29 | 4760834 RacerX
RacerX's picture

so where's the band?

Wed, 05/14/2014 - 18:45 | 4760887 Squid Viscous
Squid Viscous's picture

lol that gave me a great idea they should re-fit them as cruise ships for fat dumb 'merkans that want to stuff their faces for 7 days and get some sun

Wed, 05/14/2014 - 19:20 | 4761019 Jumbotron
Jumbotron's picture

And by the way.....which one's Pink ?

Wed, 05/14/2014 - 18:29 | 4760836 Yen Cross
Wed, 05/14/2014 - 18:50 | 4760894 walküre
walküre's picture

These barges are going to be leased to independent river captains in Holland and Germany to ship raw materials back and forth up and down the Rhine through Holland and Germany. The barge traffic is huge on that river. But if there's a drought like in 2011, they have a problem. The river got closed for weeks due to low levels.

They used to be built in Europe but this looks like the barges are coming from either China or Korea.

Decommissioned barges make for great living quarters on the rivers of Holland.

http://www.livingafloat.com/cb/articles/byab/nl.php

Right downtown in many cases. In A-dam they're steps away from the red light district. Wouldn't suprise me to hear they're having barge bordellos as well.

 

Wed, 05/14/2014 - 18:30 | 4760838 starman
starman's picture

We are in deep ship! 

Thu, 05/15/2014 - 03:51 | 4761781 CHX
CHX's picture

No ship...

Wed, 05/14/2014 - 18:31 | 4760841 DIgnified
DIgnified's picture

Off-topic: I want to see how they stack those up like that. 

Wed, 05/14/2014 - 18:43 | 4760881 Never_Put_Down
Never_Put_Down's picture

The barge is vitually submerged and the tankers are floated into position, one deck at a time

Wed, 05/14/2014 - 18:48 | 4760904 Matt
Matt's picture

Carefully.

Wed, 05/14/2014 - 18:32 | 4760846 Yen Cross
Yen Cross's picture

 

   Hory Ship!

Wed, 05/14/2014 - 18:38 | 4760864 Save_America1st
Save_America1st's picture

I don't know...something's missing...

I got it!  Needs more cowbell!

http://www.youtube.com/watch?v=8Ix7jqxXQ2I

 

Wed, 05/14/2014 - 18:39 | 4760866 Squid Viscous
Squid Viscous's picture

the wreck of the Fed-mund Fitzgerald...

Wed, 05/14/2014 - 18:39 | 4760867 semperfi
semperfi's picture

LMAO!!!

Wed, 05/14/2014 - 18:39 | 4760868 rosiescenario
rosiescenario's picture

Ships for Fools

Wed, 05/14/2014 - 18:42 | 4760878 Smegley Wanxalot
Smegley Wanxalot's picture

I just shipped my pants.

Wed, 05/14/2014 - 18:45 | 4760883 atomp
atomp's picture

China ain't got ship on the Dutch.

http://www.youtube.com/watch?v=QJ882QYzr-M

Wed, 05/14/2014 - 18:46 | 4760893 teslaberry
teslaberry's picture

sherry sherpa shipped a ship of shippies , ship went down and shipped a show of shippety shipper shippers.
shabooooya.

Wed, 05/14/2014 - 18:49 | 4760911 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

The shit came out on shippety for me.

Wed, 05/14/2014 - 18:52 | 4760922 Fix It Again Timmy
Fix It Again Timmy's picture

It's a North Korean "Carnival Cruise" ship...

Wed, 05/14/2014 - 19:04 | 4760969 1stepcloser
1stepcloser's picture

Which deck is for the dog eating uncle shows?  Its a bitch to find

Wed, 05/14/2014 - 20:02 | 4761121 StychoKiller
StychoKiller's picture

That's 'cause you should be looking for Uncle-eating dogs!

Wed, 05/14/2014 - 18:56 | 4760930 MrTouchdown
MrTouchdown's picture

BDYI has been flat for a month now. Maybe they can ship Chinese ghost cities to India or something.

Wed, 05/14/2014 - 18:56 | 4760931 NoTTD
NoTTD's picture

Will make good low income housing.

 

Or planters.

Wed, 05/14/2014 - 18:56 | 4760934 Seize Mars
Seize Mars's picture

Epic, EPIC malinvestment.

Wed, 05/14/2014 - 19:02 | 4760957 1stepcloser
1stepcloser's picture

Central Planning's Best investment is Malinvestment.  Pass it along

Wed, 05/14/2014 - 18:58 | 4760938 Platinum
Platinum's picture

Yo Dawg! I heard you like shipping ships, so we put shipping ships on shipping ships on shipping ships, so you can ship your shipping ship while you ship your ship all on the same ship!

Wed, 05/14/2014 - 20:01 | 4761120 hoist the bs flag
hoist the bs flag's picture

I am confused as ship.

Wed, 05/14/2014 - 20:04 | 4761122 StychoKiller
StychoKiller's picture

"Turtles aaalllll the way doooowwwn!"

Wed, 05/14/2014 - 23:20 | 4761534 Oliver Klozoff
Oliver Klozoff's picture

I'm just happy I wasn't drinking anything when I read that.

Wed, 05/14/2014 - 18:58 | 4760940 blindman
blindman's picture

demand for shit declined, is that possible?
will the world end and all the people die from
a decrease in gluttony? oh my, no, but the
"money" system of debt cannot tolerate the math.
the guy at the next table just said ....
"my wine says 'oh, fuck off mate'".
he nailed it.

Wed, 05/14/2014 - 18:59 | 4760944 falga
falga's picture

wonder why even the FT does not cover the issue of the collapse of the Baltic dry index? They had an article about it when it made a 3 year high in Dec.

Obviously something is not right

Wed, 05/14/2014 - 19:01 | 4760950 1stepcloser
1stepcloser's picture

This means Gov-Mart is selling Scrap metal and Scrap Meat...what a model...Bravo! 

Wed, 05/14/2014 - 19:07 | 4760978 RMolineaux
RMolineaux's picture

Viewing the Panama Bay parking lot for inactive ships recently, I note that it continues to contain 30 to 50 ships.  (Some pumping their bilges in violation of environmental laws of Panama.)  But the composition of this fleet has changed.  Whereas formerly it contained mostly container and dry cargo ships, there are now fewer of these latter, and a majority of tankers.  I attribute this to the decrease in tanker traffic between the Middle East and the US resulting from greater domestic petroleum production.  But the port company continues to store empty containers six high in all available space.

Wed, 05/14/2014 - 19:09 | 4760980 Dr. Destructo
Dr. Destructo's picture

Look Shipmate, If you're going to make an article you might as well tell us the hull story otherwise fo'c'sle be confused about why this is important.

 

Wed, 05/14/2014 - 19:53 | 4761102 Seize Mars
Seize Mars's picture

Destructo

Well done. Took me a few reads, but...well done.

Wed, 05/14/2014 - 20:10 | 4761135 RafterManFMJ
RafterManFMJ's picture

There is no need for italics - we'll get it; this is the 'hedge not HuffPro.

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