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Sake and Sea Miles

Why use US dollars to measure the economic impact of a product tanker built in Japan during the 1980s? That would be the equivalent of walking into the Stamford Mall and trying to pay at Starbucks with a 1000 yen note. The real currency of Japanese shipbuilding is the sake that marks each and every milestone. After delivery, the sea miles that follow the ship’s first sailing will then be the best calibration of economic impact.

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Written by: | Categories: Marine Money | January 1st, 2011 |

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