News for the seafarers
The United State Navy’s most expensive surface ships, the three destroyers of the USS Zumwalt class, has been plagued with failures. The ship’s Advanced Gun System did not work as…
by Captain John Konrad (gCaptain) Tomorrow is Independence Day in the United States and what could be more American than sitting on the beach, reading about heavy industry and the…
by John Konrad (gCaptain) Shipping stocks across the board took heavy hits today in what shipping analyst J.Mintzmyer is calling “Bloody Friday.” This fall comes with fears of a global…
by Captain John Konrad (gCaptain) This week, in the wake of the Ocean Shipping Reform Act that President Biden signed into law last month, US Congressmen John Garamendi and Jim…
by John Konrad (gCaptain) While many shipping stocks have seen record profits this year, the stocks of cruise lines are among the biggest losers in the S&P 500 stock index…
by John Konrad (gCaptain) A new UN report warns logistics professionals not to discount the impact of the Ukraine War on overall ship demand or get too excited about the…
by John Konrad (gCaptain) Shares of product tankers are holding up well despite outsized gains in 2022 and an overall fall in the shipping market over the past few weeks….
by John Konrad (gCaptain) Gunvor, the energy trading firm and shipowner cofounded by sanctioned Russian Oligarch and Putin’s long-time friend Gennady Timchenko, has secured sustainability loans worth $912 million. The…
by John Konrad (gCaptain) According to the ship-tracking website Marine Traffic, the arctic LNG tanker Nikolay Yevgenov has arrived in the Pacific Ocean after transiting the Northern Sea Route with…
By John Konrad (gCaptain) At the intersection of big banking and big shipping is Marine Money Week 2022, an annual event in Manhattan that hosts executives from both industries. After…