China Containerised Freight Index drops for first time since June – Global economy could be in for a double dip recession

Recovery!

(Keep a close eye on the Baltic Dry Index now.)


sea-freight-from-guangzhou-china-to-world

Shanghai: Alarm bells are ringing for liner firms as one of the most accurate gauges of the container index fell for the first time in more than four months today.

The China Containerised Freight Index, operated by the Shanghai Shipping Index, dropped for the first time since early June today. Despite lines reporting increased volumes and some being successful with rate increases this news will be a hammer blow for the industry.

The CCFI takes data from the leading 20 lines operating out of China. Its numbers have been consistently in line with the fortunes of the container sector over the years, especially since China accounts for one in two boxes moved.

With container shipping often a precursor of the world economy, the drop in the CCFI has some analysts suggesting the global economy could be in for a nasty double dip recession.

23/10/09

Source: Seatrade Asia Online

Related information:

Lazard Asset Management Fund Dumps The US Dollar

Fall Of The Republic – The Presidency Of Barack H. Obama (The Full Movie HQ)

Wall Street insider Nomi Prins: ‘Recovery is not even on horizon’

Vice President Joe Biden Declares The US Is in A Depression

Niall Ferguson (’Ascent of Money’): The US Dollar Is Dying a Slow Death; There Has Been No Stock Market Rally

Gerald Celente: ‘Their is no recovery; It’s a coverup. We are already in the Greatest Depression.’

How The Federal Reserve Banksters Bailed Out The World

Death of ‘Soul of Capitalism:’ 20 reasons America has lost its soul and collapse is inevitable

Latin American leaders agree on new currency, sanction Honduras

Russia ready to abandon US dollar in oil, gas trade with China

Iran to drop US dollar from forex reserves

Sumitomo Chief Strategist: US Dollar to Hit 50 Yen, Cease as Reserve Currency

DOW at 10,000!!! Oh Wait, Make That 7,537

Marc Faber on Bloomberg: Dollar decline and inflation – Oct. 14, 2009

David Tice: Gold Heading to $3000 Unless America Hits the ‘Reset’ Button

Jim Rogers: ‘I Am Quite Sure Gold Will Go Over $2000?, Dollar Will Lose Reserve Status

US Dollar Reaches Breaking Point as Central Banks Shift Reserves

Financial Times: US mantra of strong dollar loses its value

The Federal Reserve buys Fannie Mae bonds; Timothy Geithner is a liar

Gerald Celente on the demise of the US dollar: ‘The US is failing on it’s most basic level’

Glenn Beck: What If Oil Will No Longer Be Traded In US Dollars? Deficit Spending, Printing, Monetizing Debt, The Dollars Demise

Max Keiser on RT: ‘Dollar to be buried way before 2018?

The demise of the US dollar

Iran Replaces The US Dollar With The Euro

US: Hyperinflation Nation

China advertises silver and gold investment on TV; Cheap dollars are sowing the seeds of the next world crisis

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.