Search Results for "how to buy ships"

The New Reality of Ship Finance

By Neil Martin

August 31, 2016

Ship finance is in the midst of a continual downward spiral. Eight years on from the onset of the financial crisis, banks continue to announce steady, if not increasing loan loss provisions against th...

Japan Plans Record Military Spending

August 30, 2016

Japan's defense ministry on Wednesday asked for a hike in spending to record levels, as it juggles its responses to a growing ballistic missile threat from North Korea and China's assertive moves in t...

Video: Carnival Cruise Ship Swamps Marina With Wake

By The Maritime Executive

August 30, 2016

[Brief] On departure from its berth in Messina, Sicily on Sunday, the Carnival Vista – Carnival Cruise Line's newest ship – destroyed a concrete boat pier with prop wash from its thrusters, sinking se...

Crystal Serenity Reaches NW Passage Halfway Point

By The Maritime Executive

August 30, 2016

The Crystal Serenity, the largest cruise ship ever to attempt the Northwest Passage, has arrived at the halfway point of her voyage, the hamlet of Cambridge Bay, Nunavut. The Nunavut community has...

Iraq Bans Three Tankers for Carrying Kurdish Oil

August 30, 2016

Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue. Kurdis...

How the U.S. Navy Would Fight Iranian Attack Boats

August 30, 2016

By David Axe Four times last week, speedboats belonging to Iran's Islamic Revolutionary Guard Corps – a sort of government-sanctioned Islamic militia – harassed four American vessels patrolling the...

Shipping's Moral Hazard

By Basil Karatzas

August 30, 2016

Low freight rates have been a concern for a great number of reasons and a wide range of market participants. Shipowners faced with weak cash flows cannot perform on their loans, causing problems for l...

Singapore Authorities Form Maritime Safety Group

By The Maritime Executive

August 30, 2016

The Maritime and Port Authority of Singapore (MPA) has kicked off a new international safety initiative meant to reduce marine casualties in Singapore’s waters, which are among the busiest in the worl...

LCS Coronado Develops Propulsion Problems

By The Maritime Executive

August 30, 2016

On Tuesday, the U.S. Navy's Third Fleet announced that the Independence-class littoral combat ship USS Coronado suffered an engineering casualty on her maiden overseas deployment and is returning to P...

Libyan Navy Patrol Fired "Warning Shots" at Aid Ship

By The Maritime Executive

August 30, 2016

On Tuesday, Libyan navy spokesman Ayoub Qassem acknowledged that one of the force's patrol boats had opened fire in the direction of the chartered anchor handler Bourbon Argos on August 17. He ass...

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