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.

What is the 'ghost fleet' a metaphor for?

• A new type of ship

• The global economic crisis

• A fleet of pirate ships

• A famous naval battle

What percentage of the world's container ships are idle according to shipping experts?

• 5%

• 8%

• 12%

• 20%

How much did it cost to send a 40-foot container from China to the UK last year?

• £500

• £850

• £1000

• £150

What is one of the main reasons for the ships being idle?

• Lack of crew

• No available cargo

• Bad weather

• High fuel prices

What challenges do Malaysian fishermen face due to the ghost fleet?

• Increased fish population

• Easier navigation

• More tourists

• Damaged nets and polluted waters