A 2008 photo of the offshore supply ship C-Retriever.
Christian Serrano/Courtesy of ShipSpotting.com
October 25, 2013 An email purportedly confirms the two men were captured off the coast of the Nigerian town of Brass, but there was no immediate word of demands or a ransom.
The MV Seaman Guard Ohio, owned by a U.S.-based security firm, was intercepted by the Indian Coast Guard off the southeastern state of Tamil Nadu.
October 21, 2013 The chief engineer of the MV Seaman Guard Ohio, one of 35 arrested for allegedly carrying illegal weapons, was reportedly prevented by cellmates from killing himself.
Indian policemen escort crew members of a U.S.-owned ship MV Seaman Guard Ohio outside a court in Tuticorin, in the southern Indian state of Tamil Nadu, on Friday.
October 18, 2013 Indian authorities say the vessel was intercepted last week carrying arms that had not been declared.
September 27, 2013 The Nordic Orion's journey across the Arctic, made possible by global warming, saved 1,000 miles and $80,000 in fuel, the ship's operator says.
Laborers stand on a new ship at a Rongsheng Heavy Industries shipyard in Nantong, China, in 2012. The troubles at Rongsheng, China's largest private shipbuilder, mirror what's happening in the global industry.
September 17, 2013 One word: oversupply. Too many ships were built before the 2008 global economic crisis. This drove down shipping rates, forcing the industry to scale back. The effects are still being felt. This week, a Finnish shipbuilder said it would close a yard that employed 700 workers.
April 2, 2010 So there was a big shipping bubble that inflated about the same time the housing bubble did. It grew for some similar reasons — a go-go economy, easy credit, a belief that prices never decline, etc. And, like housing, it's now turned ugly.
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