Discover and read the best of Twitter Threads about #whateconomistsreallydo
Most recents (1)
Shocking paper about the industry that handles over 80% of global goods trade: the maritime shipping industry: papers.ssrn.com/sol3/papers.cf… by Guillaume Vuillemey
The paper documents what happens to "end-of-life ships"...
thread 1/
The paper documents what happens to "end-of-life ships"...
thread 1/
"almost all ships globally are dismantled in poor environmental conditions after being “beached” on the shores of Bangladesh, India or Pakistan"
Moreover, "a fast-growing number of shipping companies use “last-voyage flags”...
2/
Moreover, "a fast-growing number of shipping companies use “last-voyage flags”...
2/
... most likely in an attempt to hide such dirty practices: ships are sold to a third party just for the last voyage to a beaching yard.
In doing so, shipping companies get paid for the value of a ship’s raw materials ...
3/
In doing so, shipping companies get paid for the value of a ship’s raw materials ...
3/
