Thursday, September 17, 2009

Many boats come, few leave

If you want to see a glimpse of the effects of the recent recession that apparently is being purposely hidden from the world, check out this article. In it, they describe how a ghost fleet of container ships and supertankers sit idle and empty off shore of Singapore.

We're talking about 500 ships. It turns out that 12% of the world's shipping fleet sits idle at the moment and this could affect what's on store shelves this holiday season.

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