One company in the Marine Industry started releasing some of the boats chartered by them.

When all the Chartered boats have been released, then the leased boats will be let go as their leases expire.

That's when you will start seeing the small Marine Transportation Companies start to fold, thus easing the shortage of Pilots, Engineers, Tankerman, and Deckhands as they become laid off from those failed companies.

The process has been started and is being accelerated by the credit crunch since "Letters of Credit" are not being issued by banks, thus ships are not being loaded, because overseas purchases cannot be transacted.

This also means that we can expect to see some shortages of goods on store shelves fairly soon!