Revealed: The ghost fleet of the recession

Link: www.dailymail.co.uk...

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.

A couple of years ago these ships would be steaming back and forth. Now 12 per cent are doing nothing.

You may wish to know this because, if ever you had an irrational desire to charter one, now would be the time. This time last year, an Aframax tanker capable of carrying 80,000 tons of cargo would cost £31,000 a day ($50,000). Now it is about £3,400 ($5,500).

It is stated that 12% of the global use of cargo ships is unoperational. In addition, this news reporter claims that within the next two years, 25% of the global cargo fleet will be retired.

I tried posting the image(s), but had trouble, got frustrated, and just decided to share this as it is.

Please comment with your thoughts and ideas regarding this secretive gathering of dumping ghost ships off the shores of Malaysia.

Enjoy!


Note: Edited for grammatical quotation corrections.

[edit on 15-9-2009 by Quazze]

The world's largest Ship Yards are located in Singapore so it would only make since this is where the majority of the ships would be sitting. Singapore is a little more secure than other places in the world. They hae some random of issues on the high seas-but not the kind that they have in other places. I have worked for a Marine Company that does work in that area.

Just look here in the USA, gross tonnage started dropping in 2005 and that was an indicater of what was coming. I personally watched this happen since I was a trucker. Now there are so many distributors gone, empty rails and box cars all over the place. Especially the special car carriers dumped on any old siding.

Those rusting hulks have some crew on them to help maintain watches and keep those ships ready to sail. I would expect there is military in the area to keep the peace-since shipping is very important to the overall economy.

Ugh. Dude this is like the fourth thread: www.abovetopsecret.com...

Less plastic junk crossing the seas.

Great!