Chitchat s'pore waters full of idle tankers

Narong Wongwan said:

This was some years back...

http://www.dailymail.co.uk/home/mos...t-recession-anchored-just-east-Singapore.html

Its it still the same or things gotten worse?

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eatshitndie said:

still many ships parking out there off the east coast. it's an eyesore when i set up my tent there trying to sublet to lovey dovey couples looking for privacy to release their juices.

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xebay11 said:

How much you sublet ah? How to make booking?

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krafty said:

"I've been coming to Singapore once a year for the last 15 years, and flying in I have never seen the waters so full of idle tankers,"

- Senior European oil trader a day after arriving in the city-state.


"There is clearly still far too much physical crude going around for the glut to be over," said the European oil trader after flying in to Singapore.

In the meantime, just keep track of the unprecedented parking lot of ships off the coast of Singapore: the larger it gets, the more violent the price drop will be once banks say "no more" to funding money losing charters.


http://www.zerohedge.com/news/2016-05-20/something-stunning-taking-place-coast-singapore

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halsey02 said:

Why you worry?....MPA collect fees for parking there, the ship chandlers supplying supplies plus the bunkering people are collecting money too...but if you see plenty of abandoned or seized ships park there....then it is BIG TROUBLE.

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Hans168 said:

oso bumboat marys do roaring biz.........

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