MUST READ: THE GHOST FLEET OF THE RECESSION
13 September 2009 by TPC
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We continue our keen focus on the consumer sector and the transportation sector with this fascinating piece from the Daily Mail:
The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination - and is why your Christmas stocking may be on the light side this year
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BDI still sputtering. Trannies at 09 highs. Blow off top or true bull market?