Image of the Day: The ghost of global shipping

Via Green Sheet, "The Incredible Ghost Fleet Off The Coast Of Singapore":
Off the coast of Singapore is a collection of ships larger than the U.S. and English navies just sitting idle, waiting out the recession.
Shipping rates are apparently still down 90% or more from this time last year.
While the President says the economy has been pulled from the brink, and economists say the recession has ended, these ships floating in Asian seas are big reminder that we're still far off from recovery.

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