It is turning out to be a fantastic week for investors with a strong enough stomach to stand the recent fallout in the shipping industry. Until yesterday, we were left wondering how deep the abyss may be. But thanks to some industry debt restructuring and word that revenues could be on the increase, the rising tide is lifting all ships today.

China’s growth is no longer breaking news. It becomes exceedingly clear that China is going through a period very similar to what the Western world saw at the turn of the 20th century.