USS Enterprise & the Long Goodbye: Scrapping Could Cost $1.5 Billion &Take More Than a Decade

We recently posted about how the US Navy’s last two non-nuclear carriers were sold for scrap for the modest sum of one cent each. By some standards, that was not such a bad deal.  A recent report by the General … Continue reading

Tough Times in the Tanker Markets – General Maritime Bankruptcy and Continued Overcapacity

Last month we posted that tanker charter rates  were at the lowest they have been in 14 years and that the number of large tankers in lay up was approaching levels similar to those during the slump in the 1980′s.  This … Continue reading