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Universal Cargo 04/02/2020 17:45
We could probably all use a little good news right now. Shippers, specifically, who are seeing blank (cancelled) sailings from ocean carriers, operating hours cut at port terminals, and the risk of detention and demurrage fees increase while their businesses may be forced to shut down during shelter-in-place orders across the U.S. during this pandemic, could use some good news. Luckily, there are some positive international shipping stories in the middle of this COVID-19 pandemic. And I'm not just talking about projections of surges when we get past this crisis stage. Read the full article in Universal Cargo's blog to check out two such good international shipping news stories about MSC adding a new service that could help shippers and port.
Zero Hedge 04/02/2020 17:45
Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In "Biggest Wave Of Delinquencies In History". Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector is facing a far more conventional problem: the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt due to the coronavirus pandemic. And unfortunately this time the crisis will be far worse, because as Bloomberg reports mortgage lenders are preparing for the biggest wave of delinquencies in hist.

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