If you ever wanted a snapshot of what the world economy looks like, look no further. This story concerning the Ghost Fleet of Singapore has been making the rounds lately. It shows pictures of hundreds of ocean going container vessels at anchor in Singapore as some palpable measure of the worldwide recession. See the UK’s Daily Mail account of this phenomena with additional photos.
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I am in the Container Business and one of the aspects of this is the current shift in container ship sizes to the very large (13,000+ container carriers) with the NYK ships reaching 15,000 coming out of production.