Commercial Ships Lay Idle In Cornish Estuary Due To Global Recession

TRURO, UNITED KINGDOM - APRIL 14: People enjoy a drink in the garden of the 15th century Smugglers' Cottage overlooked by the laid-up container vessels Santa Giuliana and Santa Giulietta, belonging to Hamburg-based Claus-Peter Offenon, on the River Fal on April 14, 2009 in Cornwall, England. The number of ships laid-up in the deep water estuary, near Truro, has sharply increased recently as the demand for shipping has slumped as the effects of the global recession continue to be felt. The presence of the ships in the estuary, a traditional place for lay-ups, is often seen as a barometer of the wider global economy and some economists gloomily estimating that 25 per cent of the world�s container ship tonnage will be in lay-up by 2011. (Photo by Matt Cardy/Getty Images)