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June 2, 2008
Quote du Jour: Best Time for Shipping Since the Vikings
The shipping industry may be slowing a little, but it's still been boom times for five years now in that business. Ships are making a $100,000 a day in profits, and oil rigs are being leased out for $600,000 a day, and more. See the following quote from today's FT:
“You cannot retire in a market like we experience today,” [John Frederickson] says, in the sing-song accent of his native Norway. “This is the best time since the Vikings.”
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