300 containers of Bubinga go missing
On today's show I have to talk about the fiasco in Gaboon with the missing Bubinga, but also answer some questions on getting starting in the lumber import/export business.
Chris works for a lumber company and after sharing this show with his boss, they are now using it to train new employees! Lord help them...or...my evil plan is working!
Bubingagate is what the news agencies are calling the mess in Gaboon where 300 containers of Bubinga were seized at the port only to have them go missing days later. This entire thing has been really upsetting in the lumber business because it shines a big light on some shady dealings and makes everyone exporting lumber look like they would do the same thing. On one hand, we can be glad that the culprits were caught and the material recovered. Regulation does actually work. But does it really? You can't replant the logs and the staggering amount of forest that was felled to make up 300 containers is really sad. The only solace I can take in this whole thing is that I really believe that were that lumber destined for anywhere BUT China it would never make it outside the port. Legislation in other countries would have caught this material and it would have ended up next to the Ark of the Covenant in some dusty warehouse somewhere. Like I said, its not much solace but I'm trying to find the bright side to this disaster.
- Chris' family owns a sawmill in Malaysia and he is considering getting into the import/export business and asks where to start.
- Vince asks about the definition of "cant"