AAPA ‘encouraged’ by US infrastructure plan
Feb06

AAPA ‘encouraged’ by US infrastructure plan

The American Association of Port Authorities (AAPA) is said to be encouraged by the recent release of the infrastructure investment outline by Senate Minority Leader Chuck Schumer (D-NY) and Senate Democrats. This is said to be due to the outlines’ the recognition that ports and waterways play a vital role in the nation’s economy, jobs and supply chain. “Coupled with President Trump’s stated intention to make major improvements in...

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Chinese Shipbuilder Boosts Deep-Sea Exploration Capabilities
Feb03

Chinese Shipbuilder Boosts Deep-Sea Exploration Capabilities

China Shipbuilding Industry Corp (CSIC) is almost done building a new cost-efficient manned submersible that could reach the majority of seabeds in the world. The development of deep-sea manned submersibles for rough seas would be one of CSIC’s priorities in 2017. The vessel, now under final assembly and testing phase, will be equipped with five observation windows and three seats. CSIC also led the development of Jiaolong, China’s...

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Protection Vessels International: Weekly Maritime Security Report
Feb02

Protection Vessels International: Weekly Maritime Security Report

Southeast Asia Philippines: Three fishermen missing, presumed kidnapped in Sulu Sea 20 January Three Indonesian fishermen have gone missing in the Sulu Sea off the southern Philippines. Multiple sources indicated the men, who went missing on 18 January, were kidnapped by the Abu Sayyaf Group, which has targeted maritime vessels in waters between Malaysia, Indonesia and the Philippines since 2016. PGI Analysis: It is likely the...

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Expect ‘3 R’s’ in Oil & Gas in 2017: More Restructurings, More Realignment, Some Rebuilding
Feb01

Expect ‘3 R’s’ in Oil & Gas in 2017: More Restructurings, More Realignment, Some Rebuilding

Though the overall outlook for the oil and gas industry doesn’t seem to be quite as dire as it was a year ago, 2017 is likely to be a year of “3 R’s” for industry players — a year of more restructurings, more realignment via mergers and acquisitions, and, for some players that take the right actions, finally a year of rebuilding. That’s according to a new study released today by AlixPartners, the global business-advisory firm. The...

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Hard times ahead for China’s economy, says Alibaba’s Jack Ma
Jan31

Hard times ahead for China’s economy, says Alibaba’s Jack Ma

China’s short-term economic outlook will be “tougher than expected” and trade friction was inevitable with the US, Alibaba executive chairman Jack Ma said as China was reported to be lowering its growth target for this year. “In the coming three to five years … the economic situation will be even more arduous than everyone had expected,” said the e-commerce billionaire at an annual meeting of the General Association of Zhejiang...

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Europe preparing for biggest Iran oil imports
Jan30

Europe preparing for biggest Iran oil imports

Market figures show Europe is preparing to import the highest amount of crude oil from Iran in five years this month. Figures released by Bloomberg show that arrivals on supertankers will reach 622,581 barrels a day in January, the biggest flows for a single month since at least November 2011. Bloomberg said two Iranian supertankers — Huge and Snow – were already en route to Europe, bringing about 4 million barrels between them....

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Korean big 3 shipbuilders continue tough restructuring this year
Jan27

Korean big 3 shipbuilders continue tough restructuring this year

South Korea’s three largest shipbuilders will continue intensive downsizing programs this year, cutting payrolls further and selling additional assets to regain global competitiveness amid a deep recession across the industry. The shipbuilders aim to jettison assets worth more than 4 trillion won ($344 million) by the end of this year, while raising a new order target by three times from what they earned last year. That’s according to...

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Cargo Shipping Market Analysis, Trends, Forecast, 2017-2027
Jan25

Cargo Shipping Market Analysis, Trends, Forecast, 2017-2027

Future Market Insights has announced the addition of the “Cargo Shipping Market: Global Industry Analysis and Opportunity Assessment 2017-2027″ report. Trade liberalization and global economic growth boost the cargo shipping market. In the past decade cargo shipping market has fared quite successfully. With economic growth and development there is a direct increase in commodity consumption, which drives the cargo shipping...

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