"Off Singapore Is a Terrifying Sight"

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.

So begins Simon Parry, revealing "a powerful and tangible representation of the hurricanes that have been wrought by the global economic crisis; an iron curtain drawn along the coastline of the southern edge of Malaysia's rural Johor state" — The Ghost Fleet of the Recession. "It is so far off the beaten track that nobody ever really comes close, which is why these ships are here," he writes. "The world's ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling the world's economies."