INTELLECTUAL CAPITAL FOR EXECUTIVES
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Tuesday, February 9th, 2010
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Thursday Morning Quarterback: Rethinking the Panama Canal Expansion

  (Rapidly expanding) possibilities through Arctic waters for deep draft traffic may provide shippers with viable alternatives to canal in the not-too-distant future. What this and the (slowly improving) container sector situation will mean for Panama is not yet clear. The well-publicized expansion of the Panama Canal to handle bigger, deeper draft and wider ship traffic is well underway. And, given the trends of still bigger, wider and deeper shipbuilding – especially in the container markets – the decision to proceed with the project was nominally a no-brainer. Or, at least, so we thought. The Canal has long ... < Read More >
Port Arthur Waterway Opened to Limited Traffic

  The waterways surrounding a major southern port in Texas closed due to an oil spill in the channel last Saturday. The waterway reopened to limited traffic Wednesday morning. According to official reports, over 530,000 gallons of oil and water mixture were recovered from the port of Port Arthur, Texas after an oil spill left 11,000 barrels in the 60-mile Sabine-Neches Waterway from an Exxon-Mobile-chartered tanker. All vessel traffic was closed along the city of Port Arthur's river front from the Intracoastal Waterway mile marker 276 and 289. After moving the tanker to the Sunoco oil terminal in ... < Read More >
2009 Worldwide Piracy Figures Surpass 400

  The last time piracy figures exceeeded 400 incidents came in 2003. A total of 406 incidents of piracy and armed robbery have been reported in the 2009 annual piracy report issued by the ICC International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). 2009 is also the third successive year that the number of reported incidents have increased with 239, 263 and 293 incidents reported in 2006, 2007 and 2008 respectively. The report states that worldwide in 2009, 153 vessels were boarded, 49 vessels were hijacked, 84 attempted attacks and 120 vessels fired upon – compared to 46 ... < Read More >
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