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Baltic Index president Jeremy Penn cautions that shipping rates can sometimes fluctuate dramatically, and are often driven by specific factors such as carrier availability in key locations. Indeed the current boost is best explained by Chinese steel production demand and a shortage of the Capesize vessels to haul the iron ore. Penn notes that it is not yet clear whether the core manufacturing that is turning again in China is linked to coming export demand or domestic infrastructure investment. "There are always quirks in the pricing," he notes. "And at the moment it seems a very China-centric market." (Read...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

...shipping-industry insider notes that any evaluation of transport prices must include not only demand (how much cargo there is to be hauled), but also supply (the quantity of carrier capacity). The steady boom of world trade over the past decade prompted a major shipbuilding spree, with many vessels slated for completion in the coming months and years. "There are new and larger ships on order," notes the source. "I fear that overall rates will not be as responsive to the recovery as a whole." In other words, just as skyrocketing prices in raw-material transport don't guarantee...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

...first public statement from Hummer's Chinese bidder, Yang Yi, CEO of Sichuan Tengzhong Heavy Industrial Machinery, said his company "will be investing in the Hummer brand and its research and development capabilities, which will allow Hummer to better meet demand for new products such as more fuel-efficient vehicles in the U.S." (See the 50 worst cars of all time...

Author: /time Magazine | Title: Will China Build a Fuel-Efficient Hummer? | 6/4/2009 | See Source »

...China, Hummers are rare among the compact and midsize vehicles that jam city streets. Last year, just over 500 were sold on the mainland. As in the U.S., in China large SUVs have a certain cache, but with high taxes on imports, there is little demand. "To drive a Hummer, for rich people it fulfills a certain dream," says Yale Zhang, a Shanghai-based analyst with CSM Worldwide, an auto-industry consulting firm. "In China, it's a niche market for sure. It's too big; it consumes too much gasoline. The price is very high, and very few people...

Author: /time Magazine | Title: Will China Build a Fuel-Efficient Hummer? | 6/4/2009 | See Source »

...Palestinians are continually denied what we want and demand for ourselves—an ordinary life, dignity, livelihood, safety, and a place where they can raise their children—and are forced, yet again, to face the destruction of their families, then the inevitable outcome will be greater and more extreme violence across all factions, both old and increasingly new. What looms is no less than the loss of entire generation of Palestinians. And if this happens—perhaps it already has—we shall all bear the cost...

Author: By Sara Roy | Title: The Peril of Forgetting Gaza | 6/3/2009 | See Source »

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