For those who thought the Recession was winding down...

REVEALED: GHOST FLEET of THE RECESSION 
-by Simon Parry (Daily Mail).

[PICTURES are LINKED BELOW]

"The biggest and most secretive gathering of ships in maritime history 
lies at anchor east of Singapore. Never before photographed, it is 
bigger than the U.S. and British navies combined but has no crew, 
no cargo and no destination  -  and is why your Christmas stocking 
may be on the light side this year..." 

Here, on a sleepy stretch of shoreline at the far end of Asia, is surely 
the biggest and most secretive gathering of ships in maritime history. 
Their numbers are equivalent to the entire British and American 
navies combined; their tonnage is far greater. Container ships, bulk 
carriers, oil tankers - all should be steaming fully laden between 
China, Britain, Europe and the US, stocking camera shops, PC 
Worlds and Argos depots ahead of the retail pandemonium of 2009. 
But their water has been stolen. 
They are a powerful and tangible representation of the hurricanes 
that have been wrought by the global economic crisis..." 

FOR PICTURES and the REST OF THE STORY-

http://www.dailymail.co.uk/home/moslive/article-1212013/

"Forewarned is forearmed."

God bless you all.