Ships in the night – recession ships lie idle

If  the recession’s over or anywhere near it, why are all these container ships lying idle, with more being built that will only lie idle too when they’re completed (if they ever actually are)? One can make allowances for prior overproduction, but not this much, not by any means. Read more at http://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-ghost-fleet-recession.html

http://tinyurl.com/qnr3dr

Unusually this piece appears in the UK’s Daily Mail. I would assume it’s a shot across the bows of the Labour Party with the coming election in mind. We can probably expect more along these lines.

BB

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