At the recommendation of the Just One More Book podcast, last year I purchased the children’s book The Edmund Fitzgerald: The Song of the Bell for my then 4 year old son Luke who not surprisingly loves ships. (Listen to the podcast here) The book is beautifully illustrated and the authors do a great job telling the story of this magnificent ship and her loss. Death can be a challenging subject for young children but the authors handle it superbly. I highly recommend it.
Earlier today Canadian Maritime Lobstermen got a surprise when they called a government number regarding financial support for the struggling industry. According to The Canadian Press:
Maritime lobster fishermen in need of financial help got a lift of another kind Tuesday when they were directed to a toll-free number that was supposed to detail an aid package but connected them to a lusty sex line instead.
One of the several toll-free information numbers released by Fisheries Minister Gail Shea hooks callers up to a sex line that offers fishermen nary a detail on the lobster stimulus package.
(A spokesperson) said he didn’t know how many people had called before the correction was made, but added that the department hadn’t received any complaints.
Plouf! was also a performance art piece by Julien Bismuth and Jean-Pascal Flavien on the Thames River in London for and in front of the Tate Modern on February 21, 2009. This video is part of the great Bloomberg TateShots short video podcasts series. From the website:
On a rare, almost miraculously sunny day in London, TateShots and a group of art lovers boarded a boat and sailed out onto the Thames. We were there to see a work by Jean-Pascal Flavien and Julien Bismuth, the splashily named Plouf!, which was first performed in the sea off Rio de Janeiro. The work consists of Flavien and Bismuth, who are on another, smaller boat, reading through a megaphone, signing semaphore and flashing morse code: a poetic tale of loneliness and loss at sea.
This week I interview Nick Jaffe (Twitter @bigoceans) about his solo sailing adventures and sponsorship challenge from the social media / online crusing guide BlueMapia. Please register (for free) for BlueMapia and plot a few points of interest on their online cruising guide to help raise some sponsorship for the remainder of Nick’s adventure
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Evidence is mounting that the credit crunch is obstructing global trade.
The drumbeats began in August when two Korean ship builders canceled orders because buyers weren’t able to produce initial payments.
The beat got louder as the Baltic Dry Index of shipping rates plunged. It’s now down more than 90% from its mid-May peak.
Then the Globus Maritime shipping company said on Friday it had to sell one of its ships for 29% below an earlier agreed-upon price. Globus, which is listed on London’s AIM exchange, blamed falling shipping activity and increasing difficulties in securing trade finance.
Broadly, shipping and commodities markets are rife with talk that banks are refusing to honor letters of credit from other banks and holding back guarantees commodity buyers and sellers need to ship all manner of metals and soft commodities.
Spurring some of the chatter early this month were the widely disseminated, gloomy remarks of a Thai shipping executive at an industry conference in Singapore. His view — that credit was frozen — was echoed by Moody’s Economy.com, which last week said stocks were piling up as cargo ships got stranded at ports pending the flow of financing. A Maersk Broker report made similar points.
The near-cessation of global credit is at the root of this particular rout.