MCHEAL

Drybulk Shipping: Prepare for a New Record High

As another article has pointed out, figure in change in fuel cost also

Rising Oil and the Future of Globalization: Implications for Transport Stocks

The rising cost of fuel is one of my many concerns about transport, not just shipping...trucking is also suffering, whereas rail should win out, air cargo should decrease...seaborne transport will continue to be need for the raw materials of infrastructure...other items may, in time, if fuel continues its upward move, as you say, be produced closer to market or at some other place where cost of transport, labor, and production allow a profit. Good hunting...MM