The Daily Mail in the UK ran an article about a Ghost Fleet in Singapore . These are tankers and cargo vessels with nothing to ship and nowhere to go. This size of the fleet is 500+ ships and growing. I don’t care how you try to spin this, it doesn’t bode well for the return of economic growth.
World leaders continue to pour
Hopeful exuberance galore,
But worldwide shipping
Is markedly slipping
Thus, a ‘ghost fleet’ in Singapore.