Global Shipping Industry in Shambles!
The following is from Daily Mail,UK.
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 Read more:
http://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-ghost-fleet-recession-anchored-just-east-Singapore.html
  Link added on 17/10/09
http://www.latimes.com/business/la-fi-ports17-2009oct17,0,4849546.story