Making Lemonade, Ships Converted to Floating Storage
Posted on February 4, 2009
Filed Under Uncategorized |
There’s not much good news here other than the fact that these ships aren’t sitting in docks empty and not in use.
Car manufacturers are increasingly using ships to store excess vehicles because ports’ parking areas have become overwhelmed by the build-up of unsold vehicles.
The move is a rare positive development for operators of the world’s fleet of 640 car carriers, which face sharp falls in traffic. At the same time, 70 new ships, mostly larger than their predecessors, are due for delivery this year alone.
[From FT.com / Companies / Automobiles - Out-of-work ships used as storage for unsold cars]
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About
My name is Jeff Nolan and I write Venture Chronicles. I am the VP of Product Marketing for Get Satisfaction and I write about a range of topics that interest me, including public policy, technology, entrepreneurship, finance, and global issues.
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