The United States has granted Royal Dutch Shell conditional approval of its plan to begin drilling exploratory wells in the Beaufort Sea, off the North Slope of Alaska, next summer.
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As one who is dwelling in life’s twilight years, it is difficult not to be sensitive to all the angry articles about irresponsible baby-boomers who have spent their childrens’ legacies, and how the younger generation will be working their fingers to the bone to pay the pensions of these non-productive members of society.
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There is growing evidence that the American campaign against Somali "militants" - the current term applied by the great and the good to all sorts of thugs - is having an impact on anti-piracy countermeasures.
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Maritime history buffs may remember the story of the Marie Celeste, a sailing ship found abandoned in the Atlantic Ocean, which seemingly had managed to sail for months without reaching land, and whose crew were mysteriously absent. To this day, her mystery remains the subject of speculation.
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I have a friend (let's call him Larry, though that's not his real name) who is a well-known lawyer specialising in ship finance in the States. Of a pronounced gloomy worldview, as befits his Polish heritage, he was one of the few skeptics I know who warned of a gathering economic storm, back before the Lehman Brothers collapse.
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Clay’s latest blog is a stark reminder that as an industry, shipping really seems to be in denial about the reality of recession...
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The true state of the world economy was shown on August 1, with the release by JPMorgan of a series of indicators making up the global manufacturing purchasing managers’ indices (PMI).
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