South China Sea – Philippines seeks stronger U.S. commitment


by Manuel Mogato (Reuters) The Philippines is seeking a "stronger commitment" from the United States to help its ally, the defense minister said on Monday, as China asserts its sovereignty over disputed areas of the South China Sea. China claims most of the South China Sea, through which $5 trillion in ship-borne trade passes every year, and the Philippines, Vietnam, … [Read more...]

South China Sea – Maritime Build-up Accelerates

China Buildup South China Sea

(Reuters) Southeast Asian nations are prioritizing spending on their navies and coastguards amid rising tensions in the South China Sea, but as their capabilities grow, so does the risk that any confrontation in the contested waterway will be harder to contain.  Annual defense spending in Southeast Asia is projected to reach $52 billion by 2020, from an expected $42 … [Read more...]

$23 Billion Mexico Port Venture Faces Snarls


by Nacha CattanBenjamin Bain (Bloomberg) Carmakers from Nissan Motor Co. to Mazda Motor Corp. are churning out record numbers of vehicles in Mexico destined for consumers abroad. Yet some executives are worried that the factory hum will slow in coming years as exports get bogged down by congestion at the nation’s ports. The government has targeted 70 billion pesos ($4.6 … [Read more...]

Ship Photo of the Day – Haunting Image of Sunken Boat in the Antarctic

sunken-submerged-ship-in-the-antarctic In this haunting image by Ruslan Eliseev, we see the sunken remains of the 76-ft Mar Sem Fin, a Brazilian boat that was used for scientific and educational expeditions. The boat, which sunk on April 7, 2012, lies at a depth of about 9 meters (30 ft) in Ardley Bay, Antarctica. Thankfully the crew was completely evacuated and nobody was hurt. For a blog post … [Read more...]

Activists Chained to Shell Supply Vessel Decide to Come Down

Crew members from Coast Guard Station Bellingham, Wash., assist Chiara D’Angelo, an activist, down from the anchor chain of Arctic Challenger in the Port of Bellingham, May 25, 2015. D’Angelo was taken back to Station Bellingham, where she was evaluated by EMS and released. (U.S. Coast Guard photo courtesy of Station Bellingham)

  Two activists who secured themselves to a Shell offshore supply vessel moored in Bellingham, Washington this weekend have both decided to come down. The U.S. Coast Guard reports that activist Chiara D'Angelo requested Coast Guard assistance down from Arctic Challener's anchor chain at approximately 9:30 a.m. on Monday after she spent three nights … [Read more...]

Oil Trades Near $60 as Retreat in U.S. Drilling-Rig Count Slows

Gulf Of Mexico Oil Rig And Workboat

byBen Sharples (Bloomberg) -- Oil traded near $60 a barrel as companies in the U.S. reduced the number of active rigs by the slowest pace since a prolonged retreat in drilling that began in December. Futures were little changed in New York after falling 1.7 percent on Friday. The number of rigs targeting oil dropped by one to 659, data from Baker Hughes Inc. … [Read more...]

Libya Airstrike Sets Oil Tanker Ablaze


By Nayla Razzouk and Saleh Sarrar (Bloomberg) -- Warplanes deployed by Libya’s internationally recognized government bombed an oil tanker at a terminal controlled by the nation’s rival Islamist leaders, killing one person, the regional coastguard commander said. The Anwaar Afriqya, carrying fuel from Greece, was attacked while anchored to offload the … [Read more...]