UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review, which has been on the web since 1995, is now published from Freeport, Maine. See main page for full contents

September 16, 2009

GHOST FLEET OF SINGAPORE

Daily Mail, UK - The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. It is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination. . . The 'ghost fleet' near Singapore. The world's ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling the world's economies. Photo

1 Comments:

Anonymous Boffin said...

There's a similar glut of rail capacity in the US. Check out the numbers:

http://globaleconomicanalysis.blogspot.com/2009/06/idle-railroad-cars-where-do-they-go.html

"Back to back, Union Pacific's idled railcars would reach from Seattle to Albuquerque, N.M."

September 16, 2009 10:37 PM  

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