Another Sign of Global Economic Meltdown

In another alarming reminder of the global economic meltdown, the following photos and information was sent to me by JMO Reader Chris Paul. Thanks Chris!

All the vessels you see are either empty or have empty containers on them and are Anchored. Which means other countries are not buying goods to be shipped from other parts of the world. Singapore is the busiest port in the world. The third map is the names of all the vessels anchored.


We remember the famous Port of Los Angeles/Long Beach meltdown of 2004 wherein longshoremen labor was short and over 100 loaded ships were at berth and anchor in the two ports. The attached pictures tell a different story. These are ships at anchor empty or loaded with empty containers to avoid on dock empty container storage charges in Singapore.

This tells a lot about the Global Economy.