Happy Year of the Rabbit

The world is still facing some dangerous times as we enter 2011: civil unrest in Egypt, war in Afghanistan, changes within the governments of Yemen and Jordan, continued recession in the United States, floods and cyclones in Australia. The list continues to grow and no doubt they have affected all the shipping markets. Dry bulk is waiting for a correction to Australia’s weather; Egypt’s turmoil has driven bunker prices well above 2008 levels and box operators are looking away from the U.S. consumer towards Europe for growth.

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