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Wednesday, July 20, 2016
The U.S. Navy’s New $12.9 Billion Carrier Isn’t Ready for Warfare
News

The U.S. Navy’s New $12.9 Billion Carrier Isn’t Ready for Warfare

By Tony Capaccio (Bloomberg) — The U.S. Navy’s newest aircraft carrier isn’t ready for warfare. The $12.9 billion USS Gerald R. Ford — the most

July 20, 2016
Total Views: 107

Tuesday, July 19, 2016
Foreign Tanker Will Be First to Load Alaska Oil in Three Decades
News

Foreign Tanker Will Be First to Load Alaska Oil in Three Decades

By Sheela Tobben (Bloomberg) — A cargo of Alaska North Slope crude is scheduled to load next week aboard a foreign-flagged tanker for the first time in

July 19, 2016
Total Views: 109

MSC Oscar
Shipping News

China’s Deserted Road Turns Sorry Substitute for High Seas

By David Fickling (Bloomberg Gadfly) — Think China’s plans to build railways across central Asia will be a boon for global trade? Consider this:

July 19, 2016
Total Views: 53

First LNG to Pass Through Expanded Panama Canal Will Be American
Shipping News

First LNG to Pass Through Expanded Panama Canal Will Be American

By Naureen S. Malik (Bloomberg) — The first cargo of liquefied natural gas set to pass through the newly expanded Panama Canal locks will be American.

July 19, 2016
Total Views: 57

Monday, July 18, 2016
SBM Offshore Reaches Leniency Deal in Brazil
News

SBM Offshore Reaches Leniency Deal in Brazil

By Elco van Groningen (Bloomberg) — SBM Offshore NV, a Dutch oil-services provider, rose the most in nine months in Amsterdam trading after reaching a

July 18, 2016
Total Views: 65

DSME Shipyard South Korea
News

DSME Former Chief Financial Officer Indicted for Inflating Earnings

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co. said South Korean prosecutors indicted a former chief financial officer

July 18, 2016
Total Views: 38

In Brazil, Another Shipyard Goes Bust as Work Goes to Asia
News

In Brazil, Another Shipyard Goes Bust as Work Goes to Asia

By Sabrina Valle (Bloomberg) — If there’s one industry where all of Brazil’s political and economic upheavals come together, it’s shipbuilding. A

July 18, 2016
Total Views: 148

hapag-lloyd
News

Hapag-Lloyd Drops as Forecast Cut Overshadows UASC Merger Plan

By Nicholas Brautlecht (Bloomberg) — Hapag-Lloyd AG fell the most since its initial public offering in November as a forecast of lower profit and a

July 18, 2016
Total Views: 71

bahri vlcc tanker
News

Bahri Plans Biggest Tanker Fleet with 46 VLCCs

By Wael Mahdi (Bloomberg) — A venture between Arab Petroleum Investment Corp., known as Apicorp, and National Shipping Co. of Saudi Arabia will create

July 18, 2016
Total Views: 211

Sunday, July 17, 2016
China Shrugs Off Court Decision – Is International Law A Joke?
Shipping News

China Shrugs Off Court Decision – Is International Law A Joke?

by Noah Feldman (Bloomberg) An international court rules that China broke the law by building islands in the South China Sea. China doesn’t

July 17, 2016
Total Views: 198

Globalization Trade Map
News

Brexit Won’t Stop Globalization (or shipping)

by Michael Schuman (Bloomberg) Globalization—that irresistible force that is inevitably, inexorably fueled by large ships—looks to be in retreat.

July 17, 2016
Total Views: 76

News

Oil Flows Through Turkish Straits Unhindered

by Firat Kayakiran and Rakteem Katakey (Bloomberg) Oil is flowing unhindered through Turkey’s pipelines and waterways, one of the world’s largest energy

July 17, 2016
Total Views: 55

Friday, July 15, 2016
BP Raises Deepwater Horizon Spill Liability to $61.6 Billion
Shipping News

BP Raises Deepwater Horizon Spill Liability to $61.6 Billion

By David Wethe and Rakteem Katakey (Bloomberg) — BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst

July 15, 2016
Total Views: 107

Largest U.S. Offshore Wind Farm Planned in New York Waters
Offshore

Largest U.S. Offshore Wind Farm Planned in New York Waters

By Christopher Martin (Bloomberg) — The Long Island Power Authority plans to approve a 90 megawatt wind farm off the coast of New York that would become

July 15, 2016
Total Views: 41

Thursday, July 14, 2016
Ports America Said to Explore Sale Valuing Company at $1 Billion
News

Ports America Said to Explore Sale Valuing Company at $1 Billion

By Ed Hammond and Kiel Porter (Bloomberg) — Ports America, the closely held maritime-terminal operator, is exploring a sale, people with knowledge of the

July 14, 2016
Total Views: 189

U.S. LNG Seen Eluding Asia as Low Prices Trump Panama Canal
Shipping News

U.S. LNG Seen Eluding Asia as Low Prices Trump Panama Canal

By Dan Murtaugh (Bloomberg) — Asia’s going to have to wait a little longer for the flood of U.S. shale gas to reach its shores. A global glut of

July 14, 2016
Total Views: 37

hyundai merchant marine
News

Hyundai Merchant Marine to Join Maersk, MSC in 2M Alliance

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co. will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors

July 14, 2016
Total Views: 78

Wednesday, July 13, 2016
U.S. Navy’s $12.9 Billion Carrier Falls Further Behind Schedule
Shipping News

U.S. Navy’s $12.9 Billion Carrier Falls Further Behind Schedule

By Tony Capaccio (Bloomberg) — The USS Gerald R. Ford — the Navy’s newest aircraft carrier and the costliest U.S. warship at $12.9 billion

July 13, 2016
Total Views: 62

Tuesday, July 12, 2016
UASC Eyeing Chemical Tanker Unit Sale as Part of Hapag-Lloyd Deal
News

UASC Eyeing Chemical Tanker Unit Sale as Part of Hapag-Lloyd Deal

By Dinesh Nair and Nicholas Brautlecht (Bloomberg) — United Arab Shipping Co. is weighing a sale of its tanker business for oil and petrochemicals that

July 12, 2016
Total Views: 33

Monday, July 11, 2016
iranian crude supertanker
Shipping News

Iran Plans to Double Crude Exports to Regain Market Share

By Hashem Kalantari and Anthony DiPaola (Bloomberg) — Iran plans to double crude exports so long as the increase in shipments is absorbed by global

July 11, 2016
Total Views: 21