Shipping News

 If you thought that hedge fund managers were scum you should meet shipowners. The attitude of this bunch of undesirable aliens toward employees was best summed up by the late, unlamented Lady Astor when she suggested that merchant seamen should be prepared to work for free as they got to "see the world at others expense". The only honest shipowners were the pirates.

Now comes the news that shipping costs have been slashed by a massive 80%. That's right, if you want to charter a container ship it will cost you just one fifth of the rate for this time last year. So think of the profits they must have been making. And still they scour the world for yet more impoverished people to crew their rust buckets. Bastards, all of 'em.