September 15, 2009

Ships That Don't Move: The Global Recession Takes its Toll

The current recession has seen the biggest decline in global trade since the great depression, and can be exemplified by the ghost fleet of ships seen off the coast of Singapore, below.

As the Daily Mail writes: "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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