Signs Of An Economic Downturn?

[Aussie Pete]

The title of this post, is the same as the title that came into my email inbox with the attached pictures. Pretty amazing photos and data so couldn't resist posting them here.

These are ships lying idle off Singapore.

One of the comments attached to the email from my friend, said "I thought the 20 or so ships I saw sitting off Mackay waiting for coal earlier this year was scary". (NB: For readers that don't know, Mackay is on the coast of Qld, Australia).

Reduced to fit on the forum - full size version of the pics:
http://www.aussiepete.com/2009/03/signs-of-economic-downturn.html

 

[yinyang]

Nothing new (or suprising). If you haven't been in mars all this while, you'll have caught up with baltic index (of shipping cargo) and container trade in doldrums from early last year. Charter rates are going for a song, and ships are even carrying cargo even at gratis

And as for ships laid up, it's all so visible from east coast or benjamin sheare's bridge without paying for the view in singapore flyer.

You shd also see bigger season parking lot for car exports stuck at docks worldwidee... from swansea to sinkapore

 

[Meltdown]

Welcome to The 2nd Great Depression!!!

 

[da dick]

wonder why they make those tankers into part-time tourist attractions. they sure look kinda... "scenic", from east coast park.

 

[zuoom]

what does all these pictures mean? what does it show?

 

[singveld]

what a grand fleet!!!!!!!!!!!! i love to see it. can we rent a boat and head out to see??