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The article presents an overview of U.S. merchant marine and world maritime industry. Topics include August 2016 VesselValue.com analysis which found that one in every six ships was worth only its scrap value; partnership between Swiss Capital Alternative (SCA) Investments and Tsakos Group; and plans of Eagle Bulk to purchase ship and expand its fleet.

The article presents news brief related to the U.S. merchant marine and world maritime. Maritime economists have monitored the multiplier relationship between global global domestic product (GDP) growth and seaborne trade and containerized trade. The overall seaborne trade grew barely 2 percent in 2015, while global shipping capacity rose more than 3 percent. It created an imbalance in the market and worsened the fate of commercial shipping companies in general.

The article discusses the U.S. merchant marines and the conditions of international maritime community. It notes that the weak in macroeconomic fundamentals have decisively trumped monetary policy initiatives and continued to choke on global commerce of maritime sector. It states that a 3.2% increase in the world's gross domestic product for 2012, one of the slowest as compared to other recent years according to the initial estimates of the International Monetary Fund.