London shipbroker HSBC has been studying major currencies. Its verdict holds a great deal of interest for the shipping industry as the majors stumble one by one.
Greece’s debt problems have contaminated those of Spain and Italy. The broker suggests that this is creating the same sense of dread as the 13th century Black Death.
The Japanese yen’s punishing exchange rate and depressed markets are making the possibility of the country’s shipyards attracting export orders ever more remote.
