Cargo Vessels Sit Idle in Singapore as Trade Declines

by Paul - Export Logistics Guide on February 6, 2009

in International Shipping,Shipping News

Ships sitting idle in Singapore

Ships sitting idle in Singapore

What does declining world trade look like? As trade volume falls, carriers are reducing capacity by idling their ships hoping to minimize losses. These photos taken over Singapore illustrate the cargo ship parking lot that results.

Ships sit idle in Singapore

Ships sit idle in Singapore

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