Tuesday, September 29, 2015

Farewell then Daiichi Chuo Kisen

Farewell then
Daiichi Chuo
Kisen
Kaisha.
9132.

Sunk
by "slumping rates";
Torpedoed
by falling demand;
Capsized
by the stormy seas of
market forces,
so you
said.

Fact is:
you've been 'listing'
for decades,
and many times before
I thought you'd
abandon ship.
 
Your debt
could have filled
the holds of
several of your
handy-sized
bulk carriers.

You'd survived
depressions,
inflations,
and the second
world war,
but not
the weight of
over-investment
with OPM
(and deflation).

Your wishful
catchphrase was:
"Heading to be
the World's'' leading Tramper",
but your epithet
will read:
"Davy Jones' Locker, 2015".