Cry me a river. CMA-CGM has made 40 billion € of profit in the past three years. I suppose Maersk and other large shipping companies are on the same boat (uh uh).
Container shipping has cratered, as ship owners try to avoid unprofitable trips
111–120 of 220 posts
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#112Earlier quoted context omitted.
Of course it is. I would be furious if my local news stopped informing me that the highway will be closed for maintenance on Saturday, elections are being held on Tuesday, public schools have the day off on Thursday and the local university will be playing a championship game on Sunday.
These are all not examples of what the original comment complains about.
So then to me it looks like it isn't about reporting the future, but speculating about it.
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#113Earlier quoted context omitted.
The average person is to dumb to deserve quality reporting is another way to put what you just said. Even if that might be true, it doesn't change anything about my perception of modern journalism.
It's not about deserving. You're looking at this from a slightly odd angle. It's just saying there's no conspiracy; just market forces.
I dont remember claiming there is any sort of conspiracy. All I am saying is that you can't expect people to pay for low quality output. The other side seems to pretend that in capitalism, the consumer is supposed to pay to improve the product quality. I seriously doublt it works that way. What do media companies expect, a sort of loan from consumers for future quality articles?
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#114Earlier quoted context omitted.
Definitely feels like there should be a "law of headlines" coined to effect of - something must always either be surging catastrophically or plummeting disatrously.
The truth is, journalism has cratered. However, most are not ready to accept the truth, since they still believe the media are an essential part of democracy.
Most are not ready to accept it because - ironically - the media pumps the ether with a narrative that what they are doing is journalism, has value, etc. I have a friend who went to school for journalism and (I swear) doesn't understand the difference between news and op-ed.
Few are willing to admit they've been duped so they double down on embracing the con. It's a vicious cycle.
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#115The shock of the onset and "anti"-shock of the fizzling of the pandemic must be the most dramatic economic experiment for some time. Its like throwing a stone in a stagnant pond and watching the waves go up and down. Except the economic fluid is far more complex, full of lags and hysteresis. E.g. shipping rates have gone down but not the costs (indicated as fuel and labor). Why not? Nobody wants to leave a crisis go…
Yes, the demand shocks of the pandemic restriction and easing of restrictions, combined with the bullwhip effect (https://en.wikipedia.org/wiki/Bullwhip_effect) have created a very interesting case study in industrial dynamics
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#116Earlier quoted context omitted.
Definitely feels like there should be a "law of headlines" coined to effect of - something must always either be surging catastrophically or plummeting disatrously.
Isn't that just an intrinsic property of the news? If things are unchanging, there's nothing new, so it's almost by definition not news.
It’s an intrinsic part of ad-supported news (which seems to be all we have right now).
When news was just news there were “slow news days” where there was either no reporting or “fluff”.
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#117Earlier quoted context omitted.
The truth is, journalism has cratered. However, most are not ready to accept the truth, since they still believe the media are an essential part of democracy.
Good news reporting is an essential part of democracy. We don't have it anymore. Nobody wants to pay for it. We'll see how it goes.
Aka The Fourth Estate.
I laugh (read: cry) everytime I hear a wannabe "journalist" lament the "threats to Democracy", not realizing - or at least not acknowledging - that they and their ilk have been leading that effort, shamelessly, for years.
If there's any group that knows first hand about what "the threat to Democracy" looks like, it's contemporary "journalism".
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#118Cry me a river. CMA-CGM has made 40 billion € of profit in the past three years. I suppose Maersk and other large shipping companies are on the same boat (uh uh).
> CMA-CGM has made 40 billion € of profit in the past three years.
And it seems like they didn't do the responsible thing and set it aside in a rainy-day fund, but instead they and their competitors went on a shopping spree.
Honestly, the way things have went in the past, I'd say a maximum of three years before the first one whines and calls for government subsidies.
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#119Earlier quoted context omitted.
Lamenting the unwillingness to pay for trash is a hopeless cause. The cat bites its own tale. Most news outlets I know have deteriorated so much in quality that I would never even think about paying for any of that propaganda. Give me a good, balanced, non-pliticized and honest news site, and I might consider supporting them.
I am looking for a neutral, down to the earth style newspaper, focused on world news, not only west/USA. I can definitely pay for that!
The Economist has pretty broad world news coverage. You probably won't do better than that. (US outlets are much more US--and to some degree Europe--centric. The US used to have decent weekly news magazines but they basically don't exist any longer and, in any case, were fairly US-centric.
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#120Earlier quoted context omitted.
Good news reporting is an essential part of democracy. We don't have it anymore. Nobody wants to pay for it. We'll see how it goes.
Did we really stop paying for good reporting? Or did reporting get bad first, and people stopped paying after? I'd pay for a good, reliable news source, but I can't find one at all, and I don't pay.
Not to put pre-1990s journalism on some sort of a pedestal but people basically stopped paying first because their only free option previously was the evening news.