Thursday, July 30, 2020
port of los angeles
Maritime News

U.S. Economy Crushed by COVID-19 in Second Quarter

By Lucia Mutikani WASHINGTON, July 30 (Reuters) – The U.S. economy suffered its biggest blow since the Great Depression in the second quarter as the COVID-19 pandemic shattered consumer and...

July 30, 2020
Total Views: 24

Wednesday, September 7, 2016
shipping containers stacked

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 a little in...

September 7, 2016
Total Views: 16

Sunday, July 17, 2016
Globalization Trade Map

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. Trade growth has never recovered to the levels reached before the 2008 financial...

July 17, 2016
Total Views: 27

Thursday, December 10, 2015

Does Shipping Tell the Real Story of China? You Should Hope Not

By Manisha Jha (Bloomberg) — Investors betting that China’s near- insatiable appetite for industrial raw materials will drive global economic growth may want to skip the shipping news. For the...

December 10, 2015
Total Views: 3

Saturday, October 15, 2011
container ship containership storm

Global Container Ship Market Weathers the Economic Storm

By Eric Uhlfelder, Barron’s Cargo shippers are in the tank, thanks to slowing global economic growth and oversupplies of dry-bulk ships, which transport iron ore, coal and grains, and of...

October 15, 2011
Total Views: 14

Wednesday, August 17, 2011
Elly Maersk Line shipping containership

MAERSK: Deteriorating global economy putting pressure on shipping industry

Image courtesy Maersk By Flemming Emil Hansen, Dow Jones & Co COPENHAGEN—Shipping and oil company A.P. Moller-Maersk A/S warned Wednesday that new shipping capacity and deteriorating world economic prospects are...

August 17, 2011
Total Views: 3

Monday, July 11, 2011

New Study Bodes Well For Gulf Oil and Gas Industry

Gulf Offshore Oil and Gas Industry Could Support Over 400,000 Jobs Nationwide by 2013 A new study released today by the National Ocean Industries Association (NOIA) and the American Petroleum...

July 11, 2011
Total Views: 3

Thursday, May 14, 2009

Idle Ships Off Singapore Coast

Over the past day or so, there has been an article going around to different news sources about the hundreds of idle ships off the coast of Singapore as a...

May 14, 2009
Total Views: 14

Thursday, August 21, 2008

London Gateway Project

DP World, a Dubai-government controlled holding company and one of the largest marine terminal operators in the world, awarded a £400m contract yesterday to British firm Laing O’Rourke and Belgium’s...

August 21, 2008
Total Views: 6

Friday, August 8, 2008

How 2008 Olympics Brings Down Ship Freight Rates

In spirit of the 2008 Olympics that kicked off today in Beijing, I came across this interesting article from The Economic Times explaining how this years Olympics brings down ship...

August 8, 2008
Total Views: 3

Saturday, June 21, 2008

Are You Missing The Drillship Goldrush?

The shipping industry is currently the most profitable segment of the market with exploratory driling heading the way. The woldfleet of drillships alone will double in the next four years...

June 21, 2008
Total Views: 0