‘Shipshape 10’ News for Week Ending April 8th, 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’:

Developments and news from the Jones Act market:                                                1a. $11 million Jones Act Penalty is Largest ever (MarineLog)
1b. The Jones Act Under Attack (The Maritime Executive)
1c. Born on the Bayou: NYC Ferry Fleet Builds for Summer Launch (Associated Press)

News from the German shipping banking market:
2a. HNA Group, Apollo Global Make Indicative Bids for Germany’s HSH Nordbank (The Wall Street Journal)
2b. NordLB Sufficiently Capitalised to Swallow Record 2016 Loss –CEO (Reuters)

News from the offshore drilling market are getting ever more abysmal:
3a. Ocean Rig Backer Takes Aim at Company’s Restructuring Plan (The Wall Street Journal)                                                                                                                               3b. Seadrill at Mercy of Day Traders as Biggest Funds Dump Stock
 (Bloomberg)             3c. Seadrill Warns on ‘Substantial’ Losses as Bankruptcy Fears mount (Financial Times)

News from the oil front:
4a. Information Asymmetry Bedevils the Oil Market (Financial Times)
                                 4b. Iran Struggles to Expand Oil Exports as sea Storage Cleared (Reuters)

And, news from the seaborne oil world:
5a. Homeless Gasoline Tankers Are Drifting Around the Caribbean (Bloomberg)
5b. Oil’s Seaborne Picture Suggests Opec Cuts Taking Effect (Financial Times)


And, more news on the oil trading world:
6. Oil Trader Gunvor Approached Competitors Over Possible Sale (The Wall Street Journal)

A gruesome reminder that shipping is still a dangerous business, with the apparent sinking of MV ’Stellar Daisy’ and great loss of life:
                                     7a. S Korean Cargo Ship Stellar Daisy Vanishes in South Atlantic (BBC)
                               7b. Attention Turns to Polaris’ 19 Converted Bulkers (Splash 24/7)
                                       7c. IMO Calls for Inquiry Into the Loss of Stellar Daisy (Maritime Executive)

‘One Belt, One Road’ never gets old…
8. Chinese Shipping Giants Seek Control of ‘Maritime Silk Road’
(The Wall Street Journal)

And news on a European shipyard in France; there are not many of them any more:
9. Even a Thriving French Shipyard Town Falls Under Le Pen’s Spell (Bloomberg)

Interesting legal-ese article for those who like to cruise; unfortunately not very flattering for the industry:
10. When People Die at Sea, Cruise Operators Often Get a Pass (The Wall Street Journal)

Products tanker MT ‘Arctic Bay’ under the Verrazzano-Narrows Bridge, enter the Upper New York Harbor. 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 April 2nd, 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’:                                                                                     

On innovation and new technologies in shipping:                                                         1. Shipping-Technology Startup Freightos Raises $25 Million (The Wall Street Journal)

On the continuous enfeebled state of the offshore drilling markets:                           2. Ocean Rig Files for Bankruptcy (The Maritime Executive)

On crude oil and OPEC:                                                                                                    3. China Tanked Oil Once, It Can Do It Again (The Wall Street Journal)

On the prospects of shale oil in the USA:                                                                       4a. Fracking 2.0: Shale Drillers Pioneer New Ways to Profit in Era of Cheap Oil (The Wall Street Journal)                                                                                                                    4b. U.S. Petroleum Exports Climb to Record as Crude Output Grows (Bloomberg)

On steaming (thermal) coal, natural gas, renewables and emissions:                        5a. Lacklustre power demand in Asia throws a cloud over coal (The Economist)                 5b. India becomes more active in the fight against global warming (The Economist)             5c. The Other Permian Shale Boom (Bloomberg)

On coking (metallurgical) coal:                                                                                        6. China’s the Real Cyclone for Coal (Bloomberg)

On trade, insightful article:                                                                                              7. Whatever Happened to Free Trade? (The Wall Street Journal)

Mexican buyers of U.S. corn look elsewhere; good news for dry bulk shipping:      8. Mexico eyes duty-free corn deals to counter Trump (The Financial Times)

South China Sea and other geo-political considerations:                                            9a. The South China Sea presents a reality check for America (The Financial Times)           9b. Is China challenging the United States for global leadership? (The Economist)               9c. A bigger catch: China’s fishing fleet hunts new ocean targets (The Financial Times)       9d. China building navy’s biggest amphibious assault vessel, sources say (South China Morning Post)

On boutique cruising:                                                                                                     10. Cruise Vacations for the Anti-Cruise Crowd (The Wall Street Journal)

Cruiseship MV ‘Norwegian Gem’ departing New York Harbor; photographed as vessel was passing the Statue of Liberty. 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.