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Fascinating – they really do do some good stuff over at Danish publication Shipping Watch. We have written previously about the way Hamburg has responded to the fundamental shifts in the shipping industry. The Loadstar’s own, derisory, back of an envelope calculations estimate that around a third of the city’s workers owe their employment either directly or indirectly to shipping, whether it be in the city’s vast container ports, the local offices of carriers, feeder operators, shipowners, not to mention the finance houses, freight forwarders and all the other associated activities… but this is a fine piece of in-depth journalism on the changes that he recession has wrought on the city.

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