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A comment on Cargo Is Piling Up Everywhere, and It's Making Inflation Worse. Parent comment

Re:Cargo Is Piling Up Everywhere, and It's Making Inflation ... by Denvercoder9 on Tuesday June 22, 2021 @11:08AM (#27592630)
If shipping operated at negative profit margin, how did it continue to run (until the pandemic)? I don't think it was a sexy sector that could just burn through venture capital money.
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Re:Cargo Is Piling Up Everywhere, and It's Making Inflation ... by mikeyouse on Tuesday June 22, 2021 @11:13AM (#27592693)
Even better than VC -- tons of cheap debt. Hanjin had something like $250M in real assets and $10 Billion in debt when it collapsed.
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Re:Cargo Is Piling Up Everywhere, and It's Making Inflation ... by pas on Tuesday June 22, 2021 @05:25PM (#27597428)
See also from Matt Levine: " For some reason this sort of “death-spiral financing” — issuing more and more shares at lower and lower prices — seems popular in the shipping industry; DryShips Inc. is a famous example."
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