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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 impact of improvement in the global shipping industry on the global economic growth. Topics discussed include the decrease in the Organization of the Petroleum Exporting Countries' (OPEC) market share, increment in the crude-oil production in the U.S. provides a new dawn for the U.S. merchant marine, and the repeal of the Jones Act with an amendment attached to the Keystone XL pipeline project in the U.S.

The article discusses the operations of the U.S. Merchant Marine and world maritime. The performance of the container shipping market declined in 2013, and emerging economies such as China, India, Brazil, and Indonesia also grew at a much slower pace. The International Monetary Fund (IMF) estimated that the global GDP increased 3 percent in 2013, due to the economic recovery in the U.S., Japan, and the European Union.

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.

The article presents information on several catastrophic weather events that have impacted the global economy. Catastrophic weather in Japan, Thailand, Australia, and the U.S. have interrupted global supply chains. According to World Bank statistics, international trade in goods and services grew by 6.4 percent in 2011, and there was also an increase in liquefied natural gas (LNG) trade.

Abstract: Exact analytical solutions for the velocity profiles and flow rates have been obtained in explicit forms for the Poiseuille and Couette–Poiseuille flow of a third grade fluid between two parallel plates. These exact solutions match well with their numerical counter parts and are better than the recently developed approximate analytical solutions. Besides, effects of various parameters on the velocity profile and flow rate have been studied. [Copyright &y& Elsevier]

The article offers information on the maritime sector of the world. It discusses the impact of increased demand for dry-bulk tonnage on the maritime market. It also discusses the markets for several other shipping equipments and industries including tanker, liner, and cruise. It mentions various governmental initiatives for developing the shipping industry.

Abstract: This study concerns with the development of explicit expressions of friction factor for the flow of Bingham fluids in smooth pipes in both laminar and turbulent regimes by using a powerful analytical technique, i.e. Adomian decomposition method (ADM) and one of its variant namely restarted ADM (RADM). The results from these expressions match very well with those obtained by well-known correlations and are found to be valid for all practical ranges. It is hoped that the derived expressions will be useful for the researchers working in the area. [ABSTRACT FROM AUTHOR]

The article presents the author's comments on the profession of merchant mariners. He states that global statistics on merchant mariners are sadly lacking, despite the existence of several sophisticated shipping databases. Discussing the requirements for new skills, the author says that merchant-marine officers in present must be tech-savvy and multi-skilled, able to make rapid decisions and lead others in a fast-paced operating environment.

The article provides information regarding the U.S. Merchant Marine as well as the global maritime sector. It discusses the dire situation on several carriers due to the declining asset values and relentless global credit crunch. It highlights several market developments including dry bulk market, tanker market, and liner market. It mentions the release of economic stimulus grants to be distributed among 70 U.S. shipyards by Transportation Secretary Ray LaHood.

The article focuses on the global shipping industry in the year 2008. Every shipping market was affected by the economic slowdown in the world. Many famous shipping companies announced cutbacks and some of them discontinued their operations. The tanker industry maintained good profitability almost until the end of the year.

The article presents information on the performance of the U.S. shipping industry in 2007. Various markets included in the article are dry bulk market, tanker market, liner market, cruise market, and the U.S. Merchant Marine. Other issues discussed here include rejuvenation of the U.S. Maritime Administration, the Jones Act Scenario and Cabotage issues, environmental issues, and the Golden Nori.

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This article reports that in 2004, the world's maritime community was euphoric with healthy market conditions prevailing in every related sector. It was the best year in decades, with all three major shipping markets, tanker, liner, and bulk reaching concurrent highs and every major shipyard in the world fully booked for the next three years. While the cyclical nature of shipping markets was never in question, what was uncertain was how precipitous the market decline would be after the 2004 historic highs.

The cyclical nature of the maritime sector of the U.S. is well recognized in academic literature and professional journals. Indeed, 2003 was a stellar year for the global maritime industry in general and for the shipping community in particular. Freight rates in all markets have been on a rising trend for almost two years now, despite the ongoing geopolitical uncertainties worldwide and the increasing concern with safety and security of global supply chains. The primary driver of the current extraordinary boom is Chinese economy and its ongoing spectacular growth.