Crippled World Economy Generates “Ghost Fleet” of Idle Commercial Ships

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

Some experts believe the ratio of container ships sitting idle could rise to 25 per cent within two years in an extraordinary downturn that shipping giant Maersk has called a ‘crisis of historic dimensions‘. Last month the company reported its first half-year loss in its 105-year history.

Another brick in the wall of doom.
Advertisements

2 Responses to Crippled World Economy Generates “Ghost Fleet” of Idle Commercial Ships

  1. RobD says:

    There’s good info here. I did a search on the topic and found most people will agree with your blog. Keep up the good work mate! 🙂

  2. Hey very nice blog!!….I’m an instant fan, I have bookmarked you and I’ll be checking back on a regular….See ya

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: