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1/22/2020 12:12:56 PM
Posted: 9/17/2009 10:57:14 AM EST
Adds to the article I posted from the daily mail.


The Daily Mail recently made waves with a photo exposing what it called the "ghost fleet of the recession" where hundreds of ships were shown on anchor off the straits of Singapore, doing nothing except rusting: a tribute to the unprecedented collapse in world trade, the bulk of which is seaborne, and the huge amount of excess slack in shipping.


Zero Hedge decided to probe this idea further, and for that we took advantage of the very useful real time ship tracker functionality provided by vesseltracker.com (any reader who has Google Earth can easily replicate these results using the following data file).

The results

First we wanted to show how traditionally functioning critical routes are still heavily trafficked, as can be seen by the large amount of green highlights in the following snapshots (green indicates operating ship, red denotes a ship out of spot/charter and currently unused).

Gibraltar:


Denmark:


Red Sea (one hopes the Somali pirates do not have access to Vesseltracker):


[div]Yet where it gets interesting is when one scours for comparable packets of inactivity as that captured by the Daily Mail. As a first example of just how bad it really is, we recreate the image of the Singapore Strait that is shown on the picture at the '][/span][span style='text-decoration: underline;'][span style='font-weight: bold;'][/span][/span]
Link Posted: 9/17/2009 11:03:29 AM EST
Ar!!!


Link Posted: 9/17/2009 11:04:42 AM EST
Link Posted: 9/17/2009 11:05:57 AM EST
ARRRRRRRRRRRRRRRRRRRRRRRRRRRGH!
Link Posted: 9/17/2009 11:06:03 AM EST


LOL

Dupe X over 9,000....
Link Posted: 9/17/2009 11:06:48 AM EST


Not the same. Read it.
Link Posted: 9/17/2009 11:07:54 AM EST

Originally Posted By marksman121:


LOL

Dupe X over 9,000....

The article covers one strait with 500 ships, this one takes it further, covering 1000's of ships all over the world. Read it.
Link Posted: 9/17/2009 11:09:19 AM EST
Buy them up at scrap prices and recycle into whatever else you can make out of them.
Link Posted: 9/17/2009 11:10:43 AM EST

Originally Posted By Chris0013:
Buy them up at scrap prices and recycle into whatever else you can make out of them.


I looked into that.

The only place that scraps that would be worth it is India and the price to get them there would kill any money you would make.
Link Posted: 9/17/2009 11:14:44 AM EST
Originally Posted By Chris0013:
Buy them up at scrap prices and recycle into whatever else you can make out of them.


Hell, depending upon how cheap they are to part with, aren't there a lot of coral reefs that would benefit from some extra surface to grow on?
Link Posted: 9/17/2009 11:22:36 AM EST
obama armada
Link Posted: 9/17/2009 11:26:12 AM EST
they'll make a great reef one day.
Link Posted: 9/17/2009 11:29:21 AM EST
Originally Posted By ARfoxone:
obama armada


Oh hell no.... ARFCOM Flotilla
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