Re:Why billions of dollars of goods are stuck at sea
by joe_the_user on Thursday September 22, 2016 @07:46PM
(#12561295)
>Management didn't have a plan for an orderly shutdown, so when the company went into receivership
The structure of present day shipping implies there could not be an orderly shutdown.
Continuously moving modern freight is akin to a bank. Any efforts to quickly "wind-down" the operation leads to a shortfall in cash, accelerating the bankruptcy process rather than stopping.
The structure of present day shipping implies there could not be an orderly shutdown.
Continuously moving modern freight is akin to a bank. Any efforts to quickly "wind-down" the operation leads to a shortfall in cash, accelerating the bankruptcy process rather than stopping.