Oil Tanker Rental Now Cheaper Than A Ferrari

Oil keeps tanking and now you can get yourself a Tanker on the cheap…. It is now less expensive to rent a giant, 1,100 foot merchant ship than it is to rent a high end sports car for a day, a recent Bloomberg article pointed out. This highlights a key economic factor in today’s environment and also speaks to the durability of high-end assets in the current market environment. Along with the stock market highs, the price of global shipping tanker rental has fallen — in this case by 92% In August of 2015, as the stock market started the…