‘Shipshape 10’ News for Week Ending July 16th, 2017

‘Shipshape 10 List’, a list of news and articles published in the current week that a senior executive in shipping, shipping finance, commodities, energy, supply chain and infrastructure should had noticed; news and articles that are shaping the agenda and the course of the maritime industry.

Sometimes seemingly tangential, periodically humorous, occasionally sarcastic, sporadically artistic, inferentially erotic, but always insightful and topical.

We apologize for the absence of an update for almost a month to those who have found this blog worthwhile to subscribe to and follow it regularly.

And, this week’s ‘Shipshape 10’:

On the Cosco and OOCL transaction:
1a. China underlines shipping ambitions with $6.3bn takeover of HK group (from the Financial Times) – article quoting Basil M Karatzas

1b. China’s Cosco to Buy Shipping Rival Orient Overseas for $6.3 Billion (from The Wall Street Journal) – article quoting Basil M Karatzas

1c. Cosco Takes OOCL, Eyes CMA CGM (from Splash 24/7)

1d. As Trade Revives, Big China Shippers Merge (from Barron’s)

1e. Karma and Comfort for Orient Overseas (from Bloomberg)

1f. Not Keeping It in the Family (from Week in China)

Dryships once again on front page news:
2. A Shipping Company’s Bizarre Stock Maneuvers Create High Seas Intrigue (from the Wall Street Journal)

Brazilian shipbuilding:
3. In Lula’s Shadow, Brazil’s Shipbuilders Struggle to Right Themselves (from The New York Times)

A UK shipyard is looking far away from traditional lines of business:
4. Mersey shipyard Cammell Laird set to build UK polar research ship (from the Financial Times)

New trading patterns due to expanded Panama Canal become more apparent with time:
5. Panama Canal Does Some Good While Upending Historic Trade Routes (from Bloomberg)

US crude oil exports:
6. US crude exports forecast to exceed most Opec members by 2020 (from the Financial Times)

Wheat trade and possible impact on the dry bulk market:
7. Traders Gobble Up Wheat Amid Great Plains Drought (from The Wall Street Journal)

Opinion article in Splash 24/7 by yours truly on whether there is still time for the famous ‘asset play game’ in shipping
8. The Asset Appreciation Play Has Yet to Leave Port (Basil M Karatzas, from Splash 24/7)

Opinion article by yours truly in Splash 24/7 on shipping finance:
9. Credit is Due to Shipping (Basil M Karatzas, from Splash 24/7)

Summer is the perfect time to to take to the water, this time for pleasure:
10. 5 Summer Water Sports You Can Master the Easy Way (from The Wall Street Journal)

Panamax Containership MV ‘OOCL Montreal’ sailing upstream in Norderelbe, Hamburg. Image credit: Karatzas Images.

© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website.Whilst every effort has been made to ensure that information herewithin has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.

‘Shipshape 10’ News for Week Ending May 21st, 2017

‘Shipshape 10 List’, a list of news and articles published in the current week that a senior executive in shipping, shipping finance, commodities, energy, supply chain and infrastructure should had noticed; news and articles that are shaping the agenda and the course of the maritime industry.

Sometimes seemingly tangential, periodically humorous, occasionally sarcastic, sporadically artistic, inferentially erotic, but always insightful and topical.

And, we take a minute to thank our readers who took time to contact us and let us us know that they missed reading our reports in the past couple of weeks. Delighted hearing that ’Shipshape 10’ indeed has become a quick way of following up the shipping and related industries.

And, this week’s ‘Shipshape 10’:                                                                                               
On the ‘One Belt, One Road’ initiative, and the recently hosted high-profile ‘Belt and Road Forum for International Cooperation’ in Beijing:
1a. Lessons for China in failed US Silk Road initiative (South China Morning Post)

1b. China’s Silk Road Initiative Sows European Discomfort (The Wall Street Journal)

1c. Next Silk Road summit set for 2019 as Beijing ramps up global drive (South China Morning Post)

1d. China takes ‘project of the century’ to Pakistan (Financial Times)

Trade agreements can be hard to re-negotiate when economic factors can interfere with politics:
2a. Trump launches NAFTA renegotiation (Politico)

2b. Prospect of NAFTA rewrite gives US farmers a case of jitters (Associated Press)

Not the biggest port in the world, but events in Buenaventura can underline how delicate the supply chain sometimes can be:
3a. Colombia’s biggest Pacific port placed under curfew (Financial Times)

3b. U.S. Ports Need $66 Billion for Infrastructure (The Maritime Executive)

OPEC for sure is winning the shale war…
4. Full tanks and tankers: a stubborn oil glut despite OPEC cuts (Reuters)

What do to with junk…
5. Old Containers Find Out-of-the-Box Second Lives (The Wall Street Journal)

Hopes that there is a recovery and economies will be growing solidly:
6a. Household Debt Makes a Comeback in the U.S. (The New York Times)

6b. The silent sell-off in US Treasuries (Financial Times)

The offshore and ‘brown water’ industries in the US still under pressure:
7a. Tidewater Files for Chapter 11 Bankruptcy (gCaptain)

7b. GulfMark Offshore Files for Chapter 11 Bankruptcy Protection (The Wall Street Journal)

An old generation Greek shipowner dies
8a. Aristides Alafouzos, owner of Kathimerini, dies (Kathimerini)

8b. Aristides Alafouzos, the founder of Kyklades Maritime, dies aged 93 (Splash 24/7)

There is a price for everything
9. From Deep in Atlantic, Titanic Relics Sail Toward Auction Block (Bloomberg)

Tall tales of drunken sailors no more
10. Terrifying 20m-tall ‘rogue waves’ are actually real (BBC)

A pretty picture of another products tanker in ballast condition. Image credit: Karatzas Images

© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website.Whilst every effort has been made to ensure that information herewithin has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.

‘Shipshape 10’ News for Week Ending March 19th, 2017

‘Shipshape 10 List’, a list of news and articles published in the current week that a senior executive in shipping, shipping finance, commodities, energy, supply chain and infrastructure should had noticed; news and articles that are shaping the agenda and the course of the maritime industry.

Sometimes seemingly tangential, periodically humorous, occasionally sarcastic, sporadically artistic, inferentially erotic, but always insightful and topical.

And, this week’s ‘Shipshape 10’:

1a. A Blind Spot Masks the Danger Signs in Finance (Financial Times)

1b. Shadow Lending Threatens China’s Economy, Officials Warn (The New York Times)

2. The Man Who Made Us See That Trade Isn’t Always Free (Bloomberg)

3. The World Economy is Picking up (The Economist)

4. Imagine a Silicon Valley of the Sea (Bloomberg)

5a. Missing from Trump’s Grand Navy Plan: Skilled Workers to Build the Fleet (Reuters)

5b. Critics warn Trump that gutting foreign aid will endanger U.S. (Politico) (probably a very bad development for the American Flag fleet and shipowners in the USA – please note, American flagged vessels are not ‘Jones Act’ vessels with same cabotage privileges; see Cargo Preference Act).

6. Port of Amsterdam to Phase Out Coal Terminal (The Maritime Executive)

7a. Blockchain: A Transitional and Transformational Technology for Shipping (Splash 24/7)

7b. Ocean Shipping Transaction Firm INTTRA Buys Container Tracking Company Avantida (The Wall Street Journal, Logistics Report)

8. The Great Barrier Reef had a Pretty Terrible Year (Popular Science)

9. Subsea Salmon Farming Project Hits Snag (The Maritime Executive)

10. Whose Sea is It Anyway? Photo Essay: Coast of Vietnam (1843 Magazine)

Where all it happens, Manhattan and the ‘Big Apple’! Image credit: Karatzas Images


© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website.Whilst every effort has been made to ensure that information herewithin has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.

‘Shipshape 10’ News for Week Ending March 5th, 2017

‘Shipshape 10 List’, a list of news and articles published in the current week that a senior executive in shipping, shipping finance, commodities, energy, supply chain and infrastructure should had noticed; news and articles that are shaping the agenda and the course of the maritime industry.

Sometimes seemingly tangential, sometimes humorous, occasionally sarcastic, but always insightful and topical.

And, this week’s ‘Shipshape 10’:

1a. Ruling the waves – Industry expert Basil Karatzas on China’s quest to dominate global shipping (Week in China)

1b. Dry bulk market report: The China factor (Seatrade Maritime)

2a. Hapag-Lloyd 4Q Operating Profit Rises On Cost Cuts; Full-Year Results Weak (The Wall Street Journal)

2b. FMC Commissioner Doyle wants container alliance safeguards for carrier bankruptcy (Seatrade Maritime)

3a. Shipping’s blues – The many barriers to scrapping cargo ships (The Economist) (quoting Basil Karatzas)

3b. Shipping slump: Why a vessel worth $60m was sold as scrap (BBC News)

3c. Tsuneishi to Build Giant $100 million Recycling Yard in the Philippines (Splash 24/7)

4. Hyundai Heavy Shareholders Approve Restructuring Plan (The Maritime Executive)

5a. Ezra flags ‘immediate going concern issue’ on $900m exposure as guarantor to EMAS Chiyoda Subsea (Seatrade Maritime)                                                                             
5b. Let This Be a Lesson, Singapore (Bloomberg)                                                                   
6. International Shipholding Restructuring Plan Confirmed (The Wall Street Journal)

7. Could The Struggling Shipping Industry Create a Banking Crash in Germany? (Equities.com)

8. Back from the dead? Chinese iron ore miners plot return as prices surge (Reuters)

9. Watch U.S. Oil Drilling Collapse—and Rise Again (Bloomberg)

10. Exxon Will Remake Shale Or Shale Will Remake Exxon (Bloomberg)

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Another definition of shipping: Grown up men playing with the water… Drinking Cup (Helmeted Men Riding Dolphins), Archaic Period ca 520 BC. Boston Museum of Fine Arts. Image credit: Karatzas Images.

© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website.Whilst every effort has been made to ensure that information herewithin has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.

‘Shipshape 10’ News for Week Ending February 26th, 2017

‘Shipshape 10 List’, a list of news and articles published in the current week that a senior executive in shipping, shipping finance, commodities, energy, supply chain and infrastructure should had noticed; news and articles that are shaping the agenda and the course of the maritime industry.

Sometimes seemingly tangential, sometimes humorous, occasionally sarcastic, but always insightful and topical.

And, this week’s ‘Shipshape 10’:

1a. World Trade Flows Grew at Slowest Pace since Financial Crisis (The Wall Street Journal)

1b. Trade and shipping: The world is not flat anymore (Cayman Financial Review, authored by Basil M. Karatzas)

2a. Hanjin Shipping Saga Comes to a Close (The Maritime Executive)

2b. CMA CGM Joins Alibaba’s Freight Booking System (The Maritime Executive)

3. APM Terminals Ups Investments at Port Elizabeth (The Maritime Executive)

4. Why Innovators Should Study the Rise and Fall of the Venetian Empire (Harvard Business Review)

5. Maritime Asset Partners: New Finance Vehicle Backed by Shipping Veterans (Splash 24/7)

6. Gasoline Glut in New York Has Traders Sending Cargoes Abroad (Bloomberg)

7. With Shale Oil Production Like This, Who Needs Trump? (Bloomberg)

8. Female Captains Command Respect, but Not Many Ships (The Wall Street Journal)

9. Who owns Greece’s largest shipyard? (Seatrade)

10. Gibraltar seizes Russian’s superyacht over German debt claim (BBC News)

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Bacino di San Marco, Venice ca 1738 (detail), by Canaleto (Giovanni Antonio Canal, 1697 – 1768). Cargo boats and gondolas animate Venice’s waterfront entrance and Doge’s palace. Boston Museum of Fine Arts. Image credit: Karatzas Images


© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website.Whilst every effort has been made to ensure that information herewithin has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.