‘Shipshape 10’ News for Week Ending March 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, periodically humorous, occasionally sarcastic, sporadically artistic, inferentially erotic, but always insightful and topical.

And, this week’s ‘Shipshape 10’:

Talking about destruction of value for the sellers…
1. Borr Drilling to buy Transocean’s jack-up rig fleet for $1.35bn (Seatrade Maritime)

and, the riskiness of the offshore drilling markets…
2. Shell’s Titanic Bet: Can Deep-Water Drilling Be Done on the Cheap? (The Wall Street Journal)

when, oil majors start thinking beyond oil…
3. Big Oil Replaces Rigs With Wind Turbines (Bloomberg)

But, some shipowners too think cleaner energy
4a. World’s First LNG-Fuelled Aframax Tankers Ordered (The Maritime Executive)

4b. Crowley Launches LNG-Powered Con/Ro for Jones Act Trade (The Maritime Executive)

But, in the mainstream shipping world, another week, another bailout or blowout …
5a. Korean Shipbuilder Seeks Another Bailout (The Wall Street Journal)

5b. Daewoo Shipbuilding: deep water (Financial Times)

or a dugout…
6. Maersk Line, Hapag-Lloyd Among Carriers Subpoenaed in U.S. Price-Fixing Probe (The Wall Street Journal)

But, some publicly listed companies going long the market, but paying in paper mostly, no hard cash…
7a. BW Sells All Its VLCCs to DHT Holdings (Splash 24/7)

7b. Golden Ocean Inks Agreements to Buy Quintana Shipping’s Entire Fleet (Seatrade Maritime)

A highly recommended private equity fund implodes; only noteworthy to shipping since they were the first to enter shipping in JV-style post financial crisis looking for distressed value; Euromar platform with publicly listed Euroseas (Ticker: ESEAS)
8. Eton Park to Shut Down as $3 Trillion Hedge Fund Industry Faces Turmoil (The New York Times)

Looking for maritime college education, look no further than the State University of New York Maritime College at Fort Schuyler, just outside New York City.
9. The Young Mariners of Throgs Neck (The New York Times)

And, finally, a story when passion and avocation turn into a (profitable) vocation. We could not argue against seafood and especially New England lobster!
10. A Restaurant’s Sales Pitch: Know Your Lobster (The New York Times)

Sovcomflot’s Products Tanker MT ‘Anichkov Bridge’ entering the Upper New York Harbor with the Manhattan skyline in the background. 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.

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‘Shipshape 10’ News for Week Ending March 12th, 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’:

1. Bremer Landesbank Flags Heavy Shipping Losses (Splash 24/7)

2. Green Finance for Dirty Ships (The Economist)

3a. HMM Signs Government Sale-Leaseback Deal for 10 Ships (The Maritime Executive)

3b. Golar LNG Signs Sale-and-leaseback Deal with Cosco Shipping Development (Splash 24/7)

4. Private Equity’s Big Dry Powder Mountain (Bloomberg)

5a. ZIM Shipping Names New CEO in Face of Possible Sale (The Wall Street Journal) quoting Basil M Karatzas

5b. THE Alliance Draws Up Plan to Protect Group from Member Bankruptcy (gCaptain)

5c. Wider Entrance to Port of Hamburg Provides More Room for Big Ships (gCaptain)

6. China cuts growth goal, puts focus on reform and ‘firewall’ against risks (Reuters)

6b. Cruise Control: China Squeezes South Korea as Boats and Planes Stay Away (Reuters)

7. A Circular Tale of Changing Food Preferences (The Economist)

8a. Iron Ore Faces Risk as Record Rain Hits Australia’s Exports
(Bloomberg)

8b. China’s Steel Cutbacks Look Deeper Than They Are (The Wall Street Journal)

8c. New Technologies Could Slash the Cost of Steel Production (The Economist)

9. Gibraltar Shipping Interview: Basil Karatzas Talks Alternative Bunkers, S&P Markets, Vessel Financing, and Trump (Ship & Bunker)

10. ‘Secrets of the Sea: A Tang Shipwreck and Early Trade in Asia’ Review (The Wall Street Journal)

Built in 1972 in France at Arsenal de la Marine National Francais and heavily listing for almost two years in main Port of Piraeus, the ferry MV ‘Panagia Tinou’ finally sold for scrap and taken her last voyage to a Turkish scrapyard. The sweet reflections of many a vacationeer ferrying the Aegean Islands in the summer are living lovingly in the memory. Farewell sweet boat! You sailed well! 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.

‘Shipshape 10’ News for Week Ending February 11th, 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’:

1. Commerzbank earnings dip on increased maritime loan provisions (from the Financial Times)

2. Sinking Feeling: Shipping Is Latest European Banking Worry (from the Wall Street Journal)

3. Uncertain Future, Haunted by the Past (from Handlesblatt Global)

3b. Shipping’s Long, Slow Turn (from Bloomberg) 

4. South Korean court all but sinks Hanjin Shipping (from the Financial Times)

5a. Maersk Slumps as It Unveils Second Loss Since World War II (from Bloomberg)

5b. A.P. Moller-Maersk halves dividend to weather shipping crisis (from Reuters)

6a. Container shipping: rising tide – Maersk keeps a weather eye on hurricane Trump (from the Financial Times)

6b. World’s Biggest Shipping Company Voices Alarm at Trump Trade War (from Bloomberg via gCaptain)

7. China’s Shipbuilders Go From Boom to Rust (from the Wall Street Journal)

8a. El Faro’s Sister Ship Scrapped After USCG Found Wastage (from the Maritime Executive)

8b. El Faro – An Open Letter To Investigators (from gCaptain)

9. America, China and the risk of a trade war (from the Economist)

10. Disruption on the Docks: How Automated Terminals Could Impact Global Trade (from the Center of Strategic and International Studies)

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Baker Library / Bloomberg Center, Harvard Business School. 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.