Starting a week ago yesterday and running for another 2 and a half weeks the port of Lagos, Nigeria is getting slam packed with business. The Nigerian Ports Authority (NPA) Reported that for the period beginning on June 22 and running until July 15th a total of 79 ships would be making their way to [...]
Jeddah, the largest port on the Red Sea is about to receive some healthy competition from its little brother on the opposite side of the country, Dammam, in the Gulf of Oman. Saudi Arabia announced on the 23rd of June that it would be spending up to $613USD (2.3billion Riyals) on all the ports in the nation with capacity in Dammam being raised.
Although new building orders have been on the downslide in the past few weeks, activity is still pretty healthy in most sectors, with container ships though stealing the show for the most part. Container ships full steam ahead News from a post by the Hellenic Shipping news site is that large orders from Korean shippers [...]
The slide of the real estate market in that started in 2008 was perpetuated by greedy executives and financial gurus in the highest echelons of society. In America, the dream, the so-called “American Dream” that has proved to more more and more elusive to so many middle and lower class citizens was sold to these individuals on a silver platter in the form of home ownership. People that couldn’t be approved before were packaged together with other risky borrowers, insured and then sold off in new “break through” financial instruments that eventually went bad. We all know the rest.
What continent contains the three fast growing economies in the world right now? We’ll give you a clue. It starts and ends with the same letter and there aren’t any cute little koalas or kangaroos living there.
Everything is moving along in the container and shipping industry. Consumer demand is remaining steady and economists predict things will pick up more in the fall. Increases in Demand According to the Global Port Tracker report released by the National Retail Federation (NRF) demand will pick up more in the fall. Despite what some say [...]
The golden rule for every businessman is this: “Put yourself in your customer’s place.” – Orison Swett Marden Consumers never sleep The above quote is actually something very difficult to do. A friend of mine used to run a restaurant and he told me that once a week he would walk out into the parking lot [...]
When the fear of inflation raises its ugly head, people get twitchy. And as they should, although a healthy dose of inflation is good for the economy. Inflation tells us that demand is growing and consumers are in “buy mode”.
Many people have had hammered into their head that diversification is the key to long-term investment success. The stock-happy-return-chasers of the internet bubble got smacked in the face with this reality when the bubble burst in 2000. Stock market blues Leading up to the crash, many of those who thought they were diversified among different [...]
Investments are made to increase principle or generate income. Today, savings means an erosion of principle