Monday, September 14, 2009

Ghost Fleet

Some of the hundreds of container cargo ships of the "Ghost Fleet of Malaysia".  The ships sit at anchor of the coast of Malaysia as the global economic downturn has left them without cargo to ship.



Do not tell these men and women about green shoots of recovery. As Briton Tim Huxley, one of Asia's leading ship brokers, says, if the world is really pulling itself out of recession, then all these idle ships should be back on the move. This is the time of year when everyone is doing all the Christmas stuff,' he points out.  'A couple of years ago those ships would have been steaming back and forth, going at full speed. But now you've got something like 12 per cent of the world's container ships doing nothing.
Read more: http://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-ghost-fleet-recession.html#ixzz0R6CY9JND


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