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Wednesday, February 19, 2020

Revenue from sale of NOL building a relief to battered balance sheet

Posted to Far East Maritime (by Greg Knowler) on July 11, 2012

When it comes to investment strategies, property is generally deemed to be a highly attractive long-term prospect. That’s why people in the financial advising business advise people to buy rather than rent. No point in paying off your landlord’s home.

Glomar Explorer

Posted to Maritime Musings (by Dennis Bryant) on May 3, 2011

The Soviet nuclear submarine K-129 sank in the central Pacific in 1968. The Soviet Navy mounted a search, but was unable to locate the wreck. The US Navy, which has an extensive subsea monitoring system, knew where it was. The Central Intelligence…

Contracts for Suisun Bay fleet continue to puzzle

Posted to Martin Rushmere (by Martin Rushmere) on April 30, 2011

Strange goings on with scrap contracts for the Suisun Bay reserve fleet, the remnants of which are rusting away gently near San Francisco. On the face of it, the breaker yard that arose without trace, Allied Defense Recycling, lost out to a Texas yard by 0.25 percent - $12…

Irano Hind may weather US/EU ban

Posted to Irano Hind may weather US/EU ban (by Joseph Fonseca) on August 2, 2010

The sanctions imposed by the US and the European Union on Iran because of its nuclear ambitions are likely to see the Islamic Republic of Iran Shipping Lines and a number of entities with which it is associated becoming prime targets. For Irano…

Trireme - dreadnaught of the ancient Mediterranean

Posted to Maritime Musings (by Dennis Bryant) on March 5, 2010

The trireme was utilized as a warship in the Mediterranean Sea from the 7th century BC until the fall of the Roman Republic at about the commencement of the Christian era. No other warship design has survived in service for a comparable period. It was truly the dominant battleship of its day.