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]