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MichaelOffline
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Post 11Posted: Sep 15, 2009 - 02:24 PM  Reply with quote  Back to top
Post subject: Ghost Fleets

http://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-g host-fleet-recession.html

Revealed: The ghost fleet of the recession

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

Read more: http://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-g host-fleet-recession.html#ixzz0R9bFvQUy
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Andreas
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Post  Posted: Sep 15, 2009 - 03:19 PM  Reply with quote  Back to top

Yeah, that's an interesting article. Have seen those ships with my own eyes earlier this year. Hundreds, as far as the eye could see.

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jeffoOffline
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Post  Posted: Sep 15, 2009 - 03:28 PM  Reply with quote  Back to top

Very interesting, thx Michael.

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MichaelOffline
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Post  Posted: Sep 16, 2009 - 10:29 AM  Reply with quote  Back to top

Cheers to btb for posting this first in the Boring thread.. yes. I thought was interesting. Rent a ship for a few thousand pounds a day. could have a really big party on one of those.
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matOffline
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Post  Posted: Sep 16, 2009 - 10:39 AM  Reply with quote  Back to top

Could probably hire a whole container ship at the moment just to take your few boxes of stuff back to Australia. I'm sure it's probably cheaper than putting an LCL with Santa Fe or Crown Wink

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Post  Posted: Oct 05, 2009 - 03:59 AM  Reply with quote  Back to top

Quote:
China and South Korea’s support for shipbuilders may add to a glut of capacity, slowing a recovery in freight rates and vessel prices. The world’s two largest shipbuilding nations have taken steps this year to aid shipyards and safeguard jobs as customers delay or scrap orders amid tumbling world trade. That support will likely ensure more vessels enter service, even as lines mothball and scrap existing ships because of a lack of cargo.

“The Chinese and Koreans, in particular, will make sure that these ships come,” Philip Clausius, chief executive officer of lessor First Ship Lease Trust, told a conference in Singapore yesterday. The “daunting number” of ships that “will hit the market over the next three, four, five years will make the recovery a rather slow and painful one.”

China’s bid to become the largest shipbuilding nation by 2015 may also worsen the glut as it competes for market share, said Matthias Umlauf, senior economist at HSH Nordbank AG. The world’s shipyards have dry-bulk ship orders with a combined capacity of 64 percent of the existing fleet, according to data compiled by Bloomberg.

China has “the chance to become the world’s largest shipbuilding nation and they will not let this chance go,” said Umlauf. “They will support their national champions and that will definitely add to the overcapacity situation.”


http://seekingalpha.com/article/164723-the-imf-warns-about-surplus-cou ntries-global-imbalances

http://www.bloomberg.com/apps/news?pid=20601109&sid=anB_JBF_jK0A
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Post  Posted: Oct 08, 2009 - 10:57 AM  Reply with quote  Back to top

How many vessels go through Singapore ports in one day? How many unique vessels in one month?

I've seen the pictures and it doesn't seem to be that many of them.
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