Thread: $120 Oil
View Single Post
  #123  
Old 22-05-2008, 16:17
Captain's Avatar
Captain Captain is offline
Registered User [4240]
Senior Elite Member
 
Join Date: Oct 2004
Location: Belgium
Posts: 3,494
Quote:
Originally Posted by Dodger View Post
His company are scrapping all boats over 20 years old and replacing with new ones, boats at 10 years old are being closely looked at and replaced where they feel they can do.


They should replace as those tankers are single hull and aren't welcome anymore in European waters after the Erika and Prestige disasters.
Couldn't the demand for oil from "new rich" countries have something to do with it? I mean in the first place China, then India. Steel doubled in price in a year as the demand from China rose. Same with minerals in Africa where China is pushing to require them. Suppose ther are a lot more cars in China now.
Had a congress in Saint Petersburg last week and was told 1.5 million cars for 4.6 million inhabitants... Thas was not the case 10 years ago.

Last edited by Captain : 22-05-2008 at 16:23.