Could still be surplus capacity from the post-GFC slump. From 2009: http://www.nytimes.com/2009/05/13/business/global/13ship.html http://www.nytimes.com/2009/0

Could still be surplus capacity from the post-GFC slump. From 2009: http://www.nytimes.com/2009/05/13/business/global/13ship.html http://www.nytimes.com/2009/05/13/business/global/13ship.htm... > Vessels have flocked to Singapore because it has few storms, excellent ship repair teams, cheap fuel from its own refinery and, most important, proximity to Asian ports that might eventually have cargo to ship.