May 13, 2009 Ships Tread Water, Waiting for Cargo By KEITH BRADSHER SINGAPORE — To go out in a small boat along Singapore’s coast now is to feel like a mouse tiptoeing through an endless herd of slumbering elephants. One of the largest fleets of ships ever gathered idles here just outside one of the world’s busiest port, marooned by the receding tide of global trade.
But We're Out of the Woods, Huh?
May 13, 2009 Ships Tread Water, Waiting for Cargo By KEITH BRADSHER SINGAPORE — To go out in a small boat along Singapore’s coast now is to feel like a mouse tiptoeing through an endless herd of slumbering elephants. One of the largest fleets of ships ever gathered idles here just outside one of the world’s busiest port, marooned by the receding tide of global trade.