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A lot of ships were ordered and never used due to the recession. Ship owners are going to experience the same problem the housing market is: more supply than ca
by mkr-hn 15y ago
A lot of ships were ordered and never used due to the recession. Ship owners are going to experience the same problem the housing market is: more supply than can be realistically demanded. Though someone's going to figure out a way to turn it into a bubble.
- DenisM 15y agoSource? The only way too many ships being built would affect the picture that way if those ships entered service since after mid 2008. I'd like to see a source for that.
- mkr-hn 15y agohttp://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-ghost-fleet-recession-anchored-just-east-Singapore.html http://www.dailymail.co.uk/home/moslive/article-1212013/Reve... I remember going on Google Maps and seeing what looked like a lot of ships docked right where they were supposed to be, but I lost the coordinates. edit: http://www.marinetraffic.com/ais/ http://www.marinetraffic.com/ais/ I'm looking to see if it's still there.
- DenisM 15y agoGood article, well sourced. Thanks.
- mkr-hn 15y agohttp://www.cruisersforum.com/forums/f80/the-singapore-ghost-fleet-35010.html#post385926 http://www.cruisersforum.com/forums/f80/the-singapore-ghost-... So the apparent visual indicators might not be meaningful, but the oversupply is probably a real issue.