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Bloomberg

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Tuesday, September 13, 2016
Last Holdout in Korean War Sees Once-Busy Docks Idled by Hanjin
Maritime News

Last Holdout in Korean War Sees Once-Busy Docks Idled by Hanjin

By Heejin Kim (Bloomberg) — The Hanjin Shipping Co. terminal at South Korea’s largest port used to be one of the world’s busiest. Dozens of

September 13, 2016
Total Views: 42

Suezmax Aegean Unity new panama canal locks
Maritime News

Oil Map Redrawn When Cheap Tankers Make Crazy Voyages Profitable

By Tracy Alloway and Javier Blas (Bloomberg) — From Norway to the Bahamas, from Algeria to Australia. Ultra-low crude prices combined with cheap shipping

September 13, 2016
Total Views: 15

Is Hanjin Collapse a ‘Lehman’ Moment for Shipping?
Maritime News

Is Hanjin Collapse a ‘Lehman’ Moment for Shipping?

By Rishaad Salamat and Kyunghee Park (Bloomberg) — The fall of South Korea’s biggest container line Hanjin Shipping Co. is similar to the 2008

September 13, 2016
Total Views: 101

Monday, September 12, 2016
Maritime News

Cruise Shipping The Once-Impenetrable Northwest Passage

By Katie Orlinsky (Bloomberg) On Aug. 16, the Crystal Serenity set out from Seward, Alaska, carrying 1,700 passengers and crew, and escorted by a

September 12, 2016
Total Views: 14

Eugen Maersk ship
Maritime News

Maersk: Hanjin Collapse Is Triggering Short-Term Rate Spike

By Christian Wienberg (Bloomberg) — Maersk Line, the world’s largest container shipping company, is seeing a short-term rise in freight rates and an

September 12, 2016
Total Views: 29

Friday, September 9, 2016
hanjin ship
Maritime News

Korean Lender to Back Hyundai Merchant in Hanjin Assets Takeover

By Hooyeon Kim and Kyunghee Park (Bloomberg) — State-owned Korea Development Bank, the main lender to the troubled Hanjin Shipping Co., said it

September 9, 2016
Total Views: 3

U.S. Navy Moves to Simplify Littoral Ship Operations Amid Flaws
Maritime News

U.S. Navy Moves to Simplify Littoral Ship Operations Amid Flaws

By Tony Capaccio (Bloomberg) — Confronted with equipment breakdowns and harried crews, the U.S. Navy is moving to simply and stabilize operations of its

September 9, 2016
Total Views: 10

Thursday, September 8, 2016
hmm containership
Maritime News

Hyundai Merchant Marine to Offer Some Relief to Shippers in Wake of Hanjin Debacle

By Kyunghee Park and Sohee Kim (Bloomberg) — More than a week after South Korea’s biggest container line filed for bankruptcy protection and

September 8, 2016
Total Views: 9

arctic shipping
Maritime News

Age-Old Dream of Arctic Shipping Still Just a Dream

By Adam Minter (Bloomberg View) — For centuries, a harsh climate and ice-choked seas dashed the dreams of sailors attempting to cross the Canadian

September 8, 2016
Total Views: 68

Trump To Build 350 Ship Navy (Fails To Mention Merchant Marine OR USCG)
Navy

Trump To Build 350 Ship Navy (Fails To Mention Merchant Marine OR USCG)

by Anthony Capaccio (Bloomberg) Donald Trump is proposing an Army as big as the one President George W. Bush sent into Iraq and Afghanistan and a Navy with

September 8, 2016
Total Views: 11

Wednesday, September 7, 2016
shipping containers stacked
News

Globalization of the World Economy Hits a Wall

By Justin Fox (Bloomberg View) — For the first time since early 2014, the dollar value of goods imported and exported by the G20 countries actually grew

September 7, 2016
Total Views: 29

hanjin long beach
Maritime News

Sinking Shipping Lines Won’t Help Buoy Survivors

By David Fickling and Rani Molla (Bloomberg Gadfly) — Here’s some good news for the hard-pressed shipping industry: Of the top 15 container lines

September 7, 2016
Total Views: 8

Tuesday, September 6, 2016
Shipping Containers stacked in the Port Of Barcelona, Spain.
Maritime News

Samsung Says $38 Million of Goods On Board Two Hanjin Vessels

by Kyunghee Park (Bloomberg) Samsung Electronics Co., the world’s biggest smartphone maker, said about $38 million of its goods and parts were on board two

September 6, 2016
Total Views: 26

Interesting

Food, Water Dwindling Aboard Hanjin Ghost Ships

by Sohee Kim (Bloomberg) South Korea’s cash-strapped Hanjin Shipping is adrift at sea — and in more ways than one. Hanjin is one of the world’s

September 6, 2016
Total Views: 37

Wind Turbines
News

Plans for $3.5 Billion Offshore Wind Farm in UK Moving Forward

By Jessica Shankleman (Bloomberg) — RWE AG and Statkraft AS said they’d bid for a U.K. clean-energy subsidy after getting full planning permission for

September 6, 2016
Total Views: 44

Monday, September 5, 2016
Maritime News

Hanjin Steers Stranded Ships to Singapore, Hamburg

by Kyunghee Park (Bloomberg) South Korea said Hanjin Shipping will try to steer vessels to ports to unload cargo as the government tries to contain global

September 5, 2016
Total Views: 61

Swiber Says Managers See ‘Reasonable Prospect’ to Save Firm
Maritime News

Swiber Says Managers See ‘Reasonable Prospect’ to Save Firm

By Chanyaporn Chanjaroen (Bloomberg) — Swiber Holdings Ltd. said its court-appointed managers have indicated a “reasonable prospect” of saving

September 5, 2016
Total Views: 67

CMA CGM Containership. Photo credit: CMA CGM
Maritime News

CMA CGM Bonds Drop to Record as Weak Freight Rates Squeeze Profits

By Joe Mayes (Bloomberg) — CMA CGM SA bonds hit a record low after the container-shipping line’s quarterly profit plunged on weak freight rates. The

September 5, 2016
Total Views: 15

Saturday, September 3, 2016
John Kerry on the bridge of a US Navy Ship
Navy

Kerry’s Soft Words Blunt U.S. Naval Power in South China Sea

By Eli Lake (Bloomberg) There are times when I want President Barack Obama to invent a global crisis for John Kerry to solve, just to keep his secretary of

September 3, 2016
Total Views: 49

Friday, September 2, 2016
Navy

‘Little Green Boats’ Have Japan on High Alert

By Eli Lake (Bloomberg) In early August, Japan’s Coast Guard witnessed an unconventional Chinese assault on its territorial waters. According to Japanese

September 2, 2016
Total Views: 8
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