Thousands Of rusting ship hulls are a fitting tribute to the speculative market bubble

Qinhungdao (Chinese coast) - note the pattern that allows any active ships to actually enter the harbor.
Qinhungdao (Chinese coast) - note the pattern that allows any active ships to actually enter the harbor.

More of the ghost ships, anchored tankers hidden where they hope you won’t see them. Zero Hedge mashes up more data to track ships idled by the recession.

One comment

  1. Says the article, “One wonders how many of these ships [moored of the U.S. Gulf Coast] are merely filled with crude, happily waiting for oil to hit $145 one more time.” Hmm.

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