Respite care for ship owners
Empty Ships Flock to Subic Bay as Lines Battle Plunging RatesBy Wendy Leung and Francisco Alcuaz Jr., March 5 (Bloomberg) Subic Bay in the Philippines is the busiest it’s been since the U.S. Navy moved out 16 years ago. The traffic surge is coming from ships all carrying the same cargo — nothing. Last week, 19 vessels were anchored in...