Ghost ships sitting idle due to recession

The video explores the 'ghost fleet' phenomenon near Singapore, where hundreds of ships are anchored due to the global economic crisis. These ships, once vital for trade, now sit idle, reflecting the downturn in world markets. The video highlights the impact on the shipping industry, with significant drops in shipping costs and a bleak outlook for recovery. Local fishermen face challenges due to the presence of these ships, affecting their livelihoods and the environment. The situation underscores the broader economic implications and the need for increased exports to revive the industry.

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