What happens to shipping during a global recession?

Roger Henry sent some interesting images (either originally from Rick Udris, or forwarded to Rick from someone else):

Guess which one has your stuff still on it. During the Iraqi/Iran war it was all oil-tankers parked there and also off Brunei. The area is out of the hurricane belt and security is pretty good.

A couple of very large images after the jump.

Ships being stored in Singapore.

Looking like a modern recreation of the WWII invasion fleet, hundreds of merchant ships wait for better economic times.

Another view of some of the vast fleet of idle merchant vessels.