Shipping Rates Go … Negative!

- Shipping Rates Go… Negative (ZeroHedge, Feb. 6, 2012): Following the endless collapse in the Baltic Dry, it was only a matter of time before the shipping industry one-upped the Chairsatan, and was the first to introduce, dum dum dum, negative rates. That’s right: you are now paid to hire a ship. Via Bloomberg: GLENCORE [...] continue reading world news