The Biggest and Most SECRETIVE Gathering of Ships in Maritime History...
 

SOURCE: G. Edward Griffin's website http://www.realityzone.com/currentperiod.html

The most secretive gathering of ships in history lies at anchor east of Singapore. It is larger 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. Mail Online 2009 Sept 13 (Cached)

Revealed: The Ghost Fleet of the Recession

By SIMON PARRY
13th September 2009

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

The 'ghost fleet' near Singapore. The world's ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling the world's economies

The tropical waters that lap the jungle shores of southern Malaysia could not be described as a paradisical shimmering turquoise. They are more of a dark, soupy green. They also carry a suspicious smell. Not that this is of any concern to the lone Indian face that has just peeped anxiously down at me from the rusting deck of a towering container ship; he is more disturbed by the fact that I may be a pirate, which, right now, on top of everything else, is the last thing he needs.

His appearance, in a peaked cap and uniform, seems rather odd; an officer without a crew. But there is something slightly odder about the vast distance between my jolly boat and his lofty position, which I can't immediately put my finger on.

Then I have it - his 750ft-long merchant vessel is standing absurdly high in the water. The low waves don't even bother the lowest mark on its Plimsoll line. It's the same with all the ships parked here, and there are a lot of them. Close to 500. An armada of freighters with no cargo, no crew, and without a destination between them.

Read more and Photos: http://www.dailymail.co.uk/home/mosl...#ixzz0RDoDaRCI

Re: The Biggest and Most SECRETIVE Gathering of Ships in Maritime History...
 

As Shipping Slows, Banks and Carriers Fear Loan Defaults

By LANDON THOMAS Jr.
Published: November 11, 2009

LONDON — When Eastwind Maritime, a medium-size carrier company, went bankrupt this summer, few banks in the United States took notice.

But in Europe, where banks hold over $350 billion of increasingly dubious shipping industry loans, the inability of Eastwind, which is based in New York, to handle its debt of more than $300 million set off an anxiety attack on lending desks across the Continent.

The collapse of Eastwind Maritime, analysts say, while small, could well be a harbinger of more carrier failures to come.

And for Europe’s struggling banks, already plagued by a toothless economic recovery and continuing losses in real estate, the emergence of yet another questionable category of loans adds to fears that many of them are lagging their counterparts in the United States in overcoming the financial crisis.

CONTINUES: http://www.nytimes.com/2009/11/12/bu...er=rss&emc=rss

Re: The Biggest and Most SECRETIVE Gathering of Ships in Maritime History...
 

That is a very interesting reading Peace. Thank you so much for this nice contribution. :thumb_yello:

Namaste, Steven

Re: The Biggest and Most SECRETIVE Gathering of Ships in Maritime History...
 

Re: The Biggest and Most SECRETIVE Gathering of Ships in Maritime History...
 

Maybe they're on standby in safe waters for another purpose.

Re: The Biggest and Most SECRETIVE Gathering of Ships in Maritime History...
 

sounds like something is going to go down :nono:
good find peace :thumb_yello:
bou x