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Posted: 9/17/2009 11:57:14 AM EDT
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 12:03:29 PM EDT
[#1]
Ar!!!


Link Posted: 9/17/2009 12:04:42 PM EDT
[#2]
Link Posted: 9/17/2009 12:05:57 PM EDT
[#3]
ARRRRRRRRRRRRRRRRRRRRRRRRRRRGH!
Link Posted: 9/17/2009 12:06:03 PM EDT
[#4]


LOL

Dupe X over 9,000....
Link Posted: 9/17/2009 12:06:48 PM EDT
[#5]
Link Posted: 9/17/2009 12:07:54 PM EDT
[#6]



Quoted:







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 12:09:19 PM EDT
[#7]
Buy them up at scrap prices and recycle into whatever else you can make out of them.
Link Posted: 9/17/2009 12:10:43 PM EDT
[#8]




Quoted:

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 12:14:44 PM EDT
[#9]
Quoted:
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 12:22:36 PM EDT
[#10]
obama armada
Link Posted: 9/17/2009 12:26:12 PM EDT
[#11]
they'll make a great reef one day.
Link Posted: 9/17/2009 12:29:21 PM EDT
[#12]
Quoted:
obama armada


Oh hell no....  ARFCOM Flotilla
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