Wednesday, September 30, 2009

And shipping grinds to a halt.

A crystal ball into the next half year or more - shippers are simply anchoring their ships, not a real good sign.

Revealed: The ghost fleet of the recession anchored just east of Singapore

 

By Simon Parry

Last updated at 8:45 AM on 28th September 2009

The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination  -  and is why your Christmas stocking may be on the light side this year

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