Economist noted that one can now ship a container from China to Europe for free -- you only need to pick up the fuel and handling costs -- but half-empty freighters are the norm along the world's busiest shipping routes.
http://www.alternet.org/story/128412/
I feel that it is safe to deduce from this statement that even High Seas Piracy is feeling the effect of the Global Market Crunch. They said they were going after the Pirates! But this is a bit extreme.