/articles

  • Oil Tankers Perform Vanishing Act in Hormuz as Tensions Escalate - Bloomberg
    https://www.bloomberg.com/news/articles/2019-07-31/oil-tankers-perform-vanishing-act-in-hormuz-as-tensions-escalate


    Multiple ships’ signals disappeared from tracking after loading in the Persian Gulf

    • Vessels’ signals increasingly going dark near perilous strait
    • Some ships appear to have altered routes amid tensions

    Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important — and lately most dangerous — energy chokepoint: vanish from global tracking systems.

    Copying from Iran’s own playbook, at least 20 ships turned off their transponders while passing through the strait this month, tanker-tracking data compiled by Bloomberg show. Others appear to have slightly altered their routes once inside the Persian Gulf, sailing closer than usual to Saudi Arabia’s coast en route to ports in Kuwait or Iraq.

  • U.S. Sanctions China State Oil Trader for Iran Crude Violation - Bloomberg
    https://www.bloomberg.com/news/articles/2019-07-23/u-s-sanctions-china-s-state-oil-trader-for-iran-crude-deal

    Zhuhai Zhenrong traditionally been a large Iranian oil buyer
    • Company ‘knowingly engaged in a significant transaction’: U.S.

    The U.S. has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude, an attempt to tighten restrictions on the Islamic Republic and cut off one of its biggest buyers.

    Zhuhai Zhenrong Co., the secretive company with links to the Chinese military, has a history of taking Iranian crude and fuel, at times as part of barter deals for goods or services, and then selling it on to refiners in China. The U.S. move comes at a delicate time for relations with Beijing as the two nations attempt to kick-start negotiations aimed at resolving their broader trade conflict.

  • Tinder Bypasses Google Play Joining Revolt Against App Store Fee
    https://www.bloomberg.com/news/articles/2019-07-19/tinder-bypasses-google-play-joining-revolt-against-app-store-fee

    Tinder joined a growing backlash against app store taxes by bypassing Google Play in a move that could shake up the billion-dollar industry dominated by Google and Apple Inc. The online dating site launched a new default payment process that skips Google Play and forces users to enter their credit card details straight into Tinder’s app, according to new research by Macquarie analyst Ben Schachter. Once a user has entered their payment information, the app not only remembers it, but also (...)

    #Apple #Google #Netflix #Spotify #Tinder #bénéfices #GooglePlay #AppleStore #terms (...)

    ##concurrence

  • L’Iran « confisque » un pétrolier britannique dans le golfe Persique
    https://www.lemonde.fr/international/article/2019/07/19/iran-les-gardiens-de-la-revolution-disent-avoir-confisque-un-tanker-britanni


    Stena Impero, pas de photo dans l’article, donc pas de crédit…

    Une enquête a été ouverte pour une collision entre ce navire et un bateau, selon Téhéran. Londes a conseillé « aux navires britanniques de rester en dehors de la zone ».

    La tension est encore montée d’un cran, vendredi 19 juillet, dans la région du golfe Persique. L’Iran a annoncé avoir « confisqué » un pétrolier battant pavillon britannique dans le détroit d’Ormuz – un tiers du pétrole acheminé par voie maritime sur la planète transite par cet étroit passage – après vingt-quatre heures de polémiques avec Washington à propos d’un drone iranien que les Américains disent avoir abattu. Le navire est désormais ancré au port de Bandar Abbas, dans le sud du pays, ont annoncé les autorités portuaires.

    Ces dernières ont également indiqué qu’une enquête a été ouverte après la collision de ce tanker avec un bateau de pêche. Allah-Morad Afifipoor, directeur général de l’organisation portuaire et maritime de la province de Hormozgan, où est situé le port, a affirmé que le Stena Impero était « entré en collision avec un bateau de pêche sur sa route. Et conformément à la loi, après un accident il est nécessaire d’enquêter sur les causes ».

    Cité par l’agence de presse iranienne Fars, Allah-Morad Afifipoor a indiqué qu’après la collision, les personnes à bord du bateau de pêche avaient « contacté le navire britannique mais n’avaient pas reçu de réponse ». Ils ont alors informé l’autorité portuaire de Hormozgan « conformément aux procédures légales ». Les 23 membres d’équipage sont tous à bord, a-t-il précisé. Dix-huit d’entre eux, dont le capitaine, sont de nationalité indienne et les cinq autres sont de nationalité philippine, lettone ou russe.

    • Iranian Forces Hold U.K.-Linked Tanker as Tension Soars - Bloomberg
      https://www.bloomberg.com/news/articles/2019-07-19/iran-s-revolutionary-guard-seizes-british-oil-tanker-ap-reports


      pas plus de crédit dans la dépêche (la photo est sans doute au-delà du #paywall)

      gCaptain arrive à « préciser » une source chez l’armateur…
      Undated handout photograph shows the Stena Impero, a British-flagged vessel owned by Stena Bulk, at an undisclosed location, obtained by Reuters on July 19, 2019.
      Stena Bulk/via REUTERS

      Iranian Forces Seize Two U.K.-Linked Tankers as Tensions Soar – gCaptain
      https://gcaptain.com/iranian-forces-seize-two-u-k-linked-tankers-as-tensions-soar

    • Home | Stena Bulk
      https://www.stenabulk.com

      STENA IMPERO STATEMENT

      2019-07-19 23:45 BST
      Further to our earlier statement (1840BST), Stena Bulk and Northern Marine Management can confirm that Swedish-owned vessel Stena Impero (built 2018, 49,683 DWT) is no longer under the control of the crew and remains uncontactable.

      Soon after the vessel was approached by unidentified small naval craft and a helicopter during her transit of the Strait of Hormuz in international waters at approximate 1600 hrs BST today, the vessel suddenly deviated from her passage to Jubail and headed north towards Iran.

      The vessel was in full compliance with all navigation and international regulations. The vessel is commercially managed by Stena Bulk of Sweden

      Erik Hanell, President and Chief Executive, Stena Bulk, said: “There are 23 seafarers onboard of Indian, Russian, Latvian and Filipino nationality. There have been no reported injuries and the safety and welfare of our crew remains our primary focus. We are in close contact with both the UK and Swedish government authorities to resolve this situation and we are liaising closely with our seafarers’ families.

      2019-07-19 - 19.55
      Stena Bulk and Northern Marine Management can confirm that at approximately 1600 BST on 19th July UK registered vessel Stena Impero (built 2018, 49,683 DWT) was approached by unidentified small crafts and a helicopter during transit of the Strait of Hormuz while the vessel was in international waters. We are presently unable to contact the vessel which is now heading north towards Iran.

      There are 23 seafarers aboard. There have been no reported injuries and their safety is of primary concern to both owners and managers. The priority of both vessel owner Stena Bulk and ship manager Northern Marine Management is the safety and welfare of the crew.

      Northern Marine Management has not been able to establish contact directly with the vessel since it was notified of the incident at approximately 1600 Today, 19th July 2019.
      We are in close contact with UK government authorities.

  • Concern grows over UAE-based oil tanker in Strait of Hormuz - SFChronicle.com
    https://www.sfchronicle.com/news/world/article/Top-Iran-diplomat-says-talks-on-ballistic-14098205.php

    Un pétrolier a l’air de manquer à l’appel dans le détroit d’Ormuz. Ce serait ennuyeux... #iran #émirats

    DUBAI, United Arab Emirates (AP) — Tracking data shows an oil tanker based in the United Arab Emirates traveling through the Strait of Hormuz drifted off into Iranian waters and stopped transmitting its location over two days ago, raising concerns Tuesday about its status amid heightened tensions between Iran and the U.S.

    It wasn’t clear what happened to the Panamanian-flagged oil tanker Riah late Saturday night, though a U.S. defense official told The Associated Press that America “has suspicions” Iran seized the vessel. There was no immediate comment from Tehran.

    However, its last position showed it pointing toward Iran. Oil tankers have previously been targeted as the Persian Gulf region took center stage in a crisis over Iran’s unraveling nuclear deal with world powers.

  • Vessels Change Names, Go Dark to Ship Venezuelan Oil to Cuba - Bloomberg
    https://www.bloomberg.com/news/articles/2019-07-08/vessels-change-names-go-dark-to-ship-venezuelan-crude-to-cuba


    Esperanza turns off signal to conceal delivery of Venezuelan oil to Cuba

    • Oil tanker Nedas sailed incognito for 42 days in April-May
    • U.S. continues to target shipments between the two countries

    Stopping the flow of Venezuelan oil to its ally Cuba might prove harder than the U.S. expected.

    Tankers are being renamed and vessels are switching off their transponders to sail under the radar of the U.S. government. The vessel Ocean Elegance, an oil tanker that has been delivering Venezuelan crude to Cuba for the past three years, was renamed Oceano after being sanctioned in May. The ship S-Trotter, another one that’s on the sanctions list, is now known as Tropic Sea, according to data compiled by Bloomberg.

    The oil tanker Nedas, after being sanctioned in April, made a delivery to Cuba incognito because it turned off its satellite tracking system. It went unaccounted for 42 days, but shipping reports show that it delivered oil to Cuba. After the ghost delivery, it discreetly changed its name to Esperanza. The Nedas/Esperanza has delivered 2 million barrels of crude to Cuba this year, according to shipping reports.

    Halting the flow between the two countries may prove difficult. There are over 4,500 crude oil tankers in operation globally, and state oil giant Petroleos de Venezuela SA also uses oil products vessels, adding to the complexity of the task.

    Nevertheless, the U.S. continues to target shipments between the two countries and aims to close loopholes in sanctions, according to a senior U.S. administration official. The goal is to surgically and methodically cut off funds to the regime of President Nicolas Maduro.

    #AIS #sanctions #Venezuela

  • BP Oil Tanker Shelters in Persian Gulf, Fearing Iran Seizure - Bloomberg
    https://www.bloomberg.com/news/articles/2019-07-08/bp-oil-tanker-shelters-in-persian-gulf-on-fear-of-iran-seizure

    • British Heritage was scheduled to sail from Iraq to Europe
    • Former Revolutionary Guard leader threatened British ships

    An oil tanker run by BP Plc is being kept inside the Persian Gulf in fear it could be seized by Iran in a tit-for-tat response to the arrest by Gibraltar last week of a vessel hauling the Islamic Republic’s crude.

    The British Heritage, able to haul about 1 million barrels of oil, was sailing toward Iraq’s Basrah terminal in the south of country when it made an abrupt u-turn on July 6. It’s now off Saudi Arabia’s coast and a person with knowledge of the matter says BP’s concern is that it could become a target if Iran seeks to retaliate for the seizure near Gibraltar — by British Royal Marines — of the tanker Grace 1 on July 4.

    BP’s decision shows how rising tensions between Iran and the west are having an impact on the oil tanker industry that’s vital to the global trade in crude. Tehran’s foreign ministry said the arrest of Grace 1 was an act of piracy and a former leader of Iran’s Revolutionary Guard said on Twitter the Islamic Republic should take a British tanker in response. The U.S. accused Iran of recent attacks on tankers just outside the Persian Gulf.
    […]
    The ship, registered in the Isle of Man and flying under the British flag, had been chartered by Royal Dutch Shell Plc to transport crude from Basrah to northwest Europe, tracking data and shipbrokers said. It didn’t collect that cargo and the booking was canceled.

    British Heritage won’t be able to exit the Strait of Hormuz, the chokepoint through which about a third of global seaborne oil moves, without sailing close to Iran’s coast, thereby placing it at greater risk.

  • Amazon Workers Plan Prime Day Strike at Minnesota Warehouse
    https://www.bloomberg.com/news/articles/2019-07-08/amazon-workers-plan-prime-day-strike-despite-15-an-hour-pledge

    Amazon.com Inc. warehouse workers in Minnesota plan to strike during the online retailer’s summer sales extravaganza, a sign that labor unrest persists even after the company committed to paying all employees at least $15 an hour last year. Workers at a Shakopee, Minnesota, fulfillment center plan a six-hour work stoppage July 15, the first day of Prime Day. Amazon started the event five years ago, using deep discounts on televisions, toys and clothes to attract and retain Prime members, (...)

    #Amazon #travail #bénéfices

  • The Gnawing Anxiety of Having an Algorithm as a Boss - Bloomberg
    https://www.bloomberg.com/news/articles/2019-06-26/the-gnawing-anxiety-of-having-an-algorithm-as-a-boss

    I recently got the internet in my apartment fixed, and my technician had an unusual request. I’d get an automated call after he left asking me how satisfied I was with the service, he explained, and he wanted me to rate him 9 out of 10. I asked why, and he said there was a glitch with the system that recorded any 10 rating as a 1, and it was important for him to keep his rating up.

    Since then, a couple of people have told me that technicians working for the company have been making this exact request for at least two years. A representative for Spectrum, my internet provider, said they were worrying over nothing. The company had moved away from the 10-point rating system, he said, adding that customer feedback isn’t “tied to individual technicians’ compensation.”

    But even if the Spectrum glitch exists only in the lore of cable repairmen, the anxiety it’s causing them is telling. Increasingly, workers are impacted by automated decision-making systems, which also affects people who read the news, or apply for loans, or shop in stores. It only makes sense that they’d try to bend those systems to their advantage.

    There exist at least two separate academic papers with the title “Folk Theories of Social Feeds,” detailing how Facebook users divine what its algorithm wants, then try to use those theories to their advantage.

    People with algorithms for bosses have particular incentive to push back. Last month, a local television station in Washington covered Uber drivers who conspire to turn off their apps simultaneously in order to trick its system into raising prices.

    Alex Rosenblat, the author of Uberland, told me that these acts of digital disobedience are essentially futile in the long run. Technology centralizes power and information in a way that overwhelms mere humans. “You might think you’re manipulating the system,” she says, but in reality “you’re working really hard to keep up with a system that is constantly experimenting on you.”

    Compared to pricing algorithms, customer ratings of the type that worried my repairman should be fairly straightforward. Presumably it’s just a matter of gathering data and calculating an average. But online ratings are a questionable way to judge people even if the data they’re based on are pristine—and they probably aren’t. Academics have shown that customer ratings reflect racial biases. Complaints about a product or service can be interpreted as commentary about the person who provided it, rather than the service itself. And companies like Uber require drivers to maintain such high ratings that, in effect, any review that isn’t maximally ecstatic is a request for punitive measures.

    #Travail #Surveillance #Algorithme #Stress #Société_contrôle

  • Incendie dans un sous-marin russe, 14 morts et silence du Kremlin
    https://www.lemonde.fr/international/article/2019/07/03/l-incendie-d-un-sous-marin-russe-fait-quatorze-morts_5484836_3210.html

    Les autorités ont donné très peu de détails sur l’accident, survenu lundi dans le Grand Nord de la Russie, invoquant le « secret d’Etat ».

    Quatorze marins sont morts dans un incendie à bord d’un sous-marin de recherche de l’armée russe, basé dans l’Arctique russe, ont fait savoir les autorités. L’armée n’a donné que très peu de détails sur l’accident survenu lundi 1er juillet dans un mystérieux submersible destiné, selon la version officielle, à l’étude des environnements marins et du fond des océans.

    Les victimes auraient été intoxiquées par les émanations dues à l’incendie. Selon le ministre de la défense Sergueï Choïgou, qui s’est rendu au port militaire russe de Severomorsk, mercredi 3 juillet, certains marins auraient survécu.

    Le Kremlin a annoncé que davantage d’informations détaillées sur l’incendie « ne ser[aie]nt pas rendues publiques », invoquant le « secret d’Etat ». «  Cette information ne peut être rendue totalement publique. Elle se trouve dans la catégorie du secret d’Etat », a dit aux journalistes le porte-parole du Kremlin, Dmitri Peskov.
    […]
    Selon des sources citées par les journaux russes RBK et Novaïa Gazeta, le submersible en question est le sous-marin nucléaire AS-12, surnommé Locharik, un engin secret conçu pour la recherche et les opérations spéciales en grandes profondeurs.

  • Boeing’s 737 Max Software Outsourced to $9-an-Hour Engineers - Bloomberg
    https://www.bloomberg.com/news/articles/2019-06-28/boeing-s-737-max-software-outsourced-to-9-an-hour-engineers

    In offices across from Seattle’s Boeing Field, recent college graduates employed by the Indian software developer HCL Technologies Ltd. occupied several rows of desks, said Mark Rabin, a former Boeing software engineer who worked in a flight-test group that supported the Max.

    The coders from HCL were typically designing to specifications set by Boeing. Still, “it was controversial because it was far less efficient than Boeing engineers just writing the code,” Rabin said. Frequently, he recalled, “it took many rounds going back and forth because the code was not done correctly.”

    Boeing’s cultivation of Indian companies appeared to pay other dividends. In recent years, it has won several orders for Indian military and commercial aircraft, such as a $22 billion one in January 2017 to supply SpiceJet Ltd. That order included 100 737-Max 8 jets and represented Boeing’s largest order ever from an Indian airline, a coup in a country dominated by Airbus.

    Based on resumes posted on social media, HCL engineers helped develop and test the Max’s flight-display software, while employees from another Indian company, Cyient Ltd., handled software for flight-test equipment.

    C’est beau comme tout la langue de bois des public relations :

    Boeing said the company did not rely on engineers from HCL and Cyient for the Maneuvering Characteristics Augmentation System, which has been linked to the Lion Air crash last October and the Ethiopian Airlines disaster in March. The Chicago-based planemaker also said it didn’t rely on either firm for another software issue disclosed after the crashes: a cockpit warning light that wasn’t working for most buyers.

    “Boeing has many decades of experience working with supplier/partners around the world,” a company spokesman said. “Our primary focus is on always ensuring that our products and services are safe, of the highest quality and comply with all applicable regulations.”

    In a statement, HCL said it “has a strong and long-standing business relationship with The Boeing Company, and we take pride in the work we do for all our customers. However, HCL does not comment on specific work we do for our customers. HCL is not associated with any ongoing issues with 737 Max.”

    Starting with the 787 Dreamliner, launched in 2004, it sought to increase profits by instead providing high-level specifications and then asking suppliers to design more parts themselves. The thinking was “they’re the experts, you see, and they will take care of all of this stuff for us,” said Frank McCormick, a former Boeing flight-controls software engineer who later worked as a consultant to regulators and manufacturers. “This was just nonsense.”

    Sales are another reason to send the work overseas. In exchange for an $11 billion order in 2005 from Air India, Boeing promised to invest $1.7 billion in Indian companies. That was a boon for HCL and other software developers from India, such as Cyient, whose engineers were widely used in computer-services industries but not yet prominent in aerospace.

    La sous-traitance logicielle peut-elle suivre les modèles de la sous-traitance de l’industrie ?

    HCL, once known as Hindustan Computers, was founded in 1976 by billionaire Shiv Nadar and now has more than $8.6 billion in annual sales. With 18,000 employees in the U.S. and 15,000 in Europe, HCL is a global company and has deep expertise in computing, said Sukamal Banerjee, a vice president. It has won business from Boeing on that basis, not on price, he said: “We came from a strong R&D background.”

    Still, for the 787, HCL gave Boeing a remarkable price – free, according to Sam Swaro, an associate vice president who pitched HCL’s services at a San Diego conference sponsored by Avionics International magazine in June. He said the company took no up-front payments on the 787 and only started collecting payments based on sales years later, an “innovative business model” he offered to extend to others in the industry.

    The 787 entered service three years late and billions of dollars over budget in 2011, in part because of confusion introduced by the outsourcing strategy. Under Dennis Muilenburg, a longtime Boeing engineer who became chief executive in 2015, the company has said that it planned to bring more work back in-house for its newest planes.

    #Boeing #Sous-traitance #Capitalisme #Sécurité #Logiciel

  • Boeing’s 737 Max Software Outsourced to $9-an-Hour Engineers - Bloomberg
    https://www.bloomberg.com/news/articles/2019-06-28/boeing-s-737-max-software-outsourced-to-9-an-hour-engineers


    The cockpit of a grounded 737 Max 8 aircraft.
    Photographer: Dimas Ardian/Bloomberg

    • Planemaker and suppliers used lower-paid temporary workers
    • Engineers feared the practice meant code wasn’t done right

    It remains the mystery at the heart of Boeing Co.’s 737 Max crisis: how a company renowned for meticulous design made seemingly basic software mistakes leading to a pair of deadly crashes. Longtime Boeing engineers say the effort was complicated by a push to outsource work to lower-paid contractors.

    The Max software — plagued by issues that could keep the planes grounded months longer after U.S. regulators this week revealed a new flaw — was developed at a time Boeing was laying off experienced engineers and pressing suppliers to cut costs.

    Increasingly, the iconic American planemaker and its subcontractors have relied on temporary workers making as little as $9 an hour to develop and test software, often from countries lacking a deep background in aerospace — notably India.

    In offices across from Seattle’s Boeing Field, recent college graduates employed by the Indian software developer HCL Technologies Ltd. occupied several rows of desks, said Mark Rabin, a former Boeing software engineer who worked in a flight-test group that supported the Max.
    […]
    In one post, an HCL employee summarized his duties with a reference to the now-infamous model, which started flight tests in January 2016: “Provided quick workaround to resolve production issue which resulted in not delaying flight test of 737-Max (delay in each flight test will cost very big amount for Boeing).

  • U.A.E. Splits With U.S. Over Blame for Oil Tanker Attack in May - Bloomberg
    https://www.bloomberg.com/news/articles/2019-06-26/u-a-e-splits-with-u-s-over-blame-for-oil-tanker-attack-in-may


    A U.S. Navy vessel guards the Japanese oil tanker Kokuka Courageous in the Gulf of Oman.
    Photographer: Mumen Khatib/AFP via Getty Images

    The United Arab Emirates appeared to distance itself from U.S. claims that pinned attacks on oil tankers near the Strait of Hormuz on Iran.

    Honestly we can’t point the blame at any country because we don’t have evidence,” Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan said on Wednesday in Moscow. “If there is a country that has the evidence, then I’m convinced that the international community will listen to it. But we need to make sure the evidence is precise and convincing.

    While an investigation by the U.A.E., Norway and Saudi Arabia concluded that a “state actor” was most likely behind the incident in May, no nation was singled out. Still, U.S. National Security Adviser John Bolton has said that Iran was almost certainly responsible.

  • Russia Squeezing Embattled Venezuela for Tax-Free Gas Expansion - Bloomberg
    https://www.bloomberg.com/news/articles/2019-06-20/russia-squeezing-embattled-venezuela-for-tax-free-gas-expansion


    Photographer: Wil Riera/Bloomberg

    • Venezuela offers Rosneft path to amplify natural gas dominance
    • Expropriation clause gives Moscow-based company a hedge

    Russia’s state-controlled oil giant, Rosneft PJSC, is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap, a potential headache for the U.S. and Europe.

    An accord signed by both Russia and Venezuela earlier this month will give Rosneft tax breaks to produce and export gas from the Patao and Mejillones fields off Venezuela’s east coast. The document, which also includes a “fair market price” in the event of an expropriation, makes changes to a bilateral agreement reached in 2009, according to a filing by the Russian government.

    The deal underscores how Russia is both propping up and gaining from the Nicolas Maduro regime at a time when the U.S. is sanctioning Maduro and China has cut its support. Venezuelan gas could eventually offer Russia new entry points into both Asia and Europe.

    China is backing away in terms of its financial exposure,” Andrew Stanley, an associate fellow at the Center for Strategic and International Studies, said in a telephone interview. “Whereas the Russians, over the past few years, they’ve gone in the opposite direction, they’ve kind of doubled down and seen this as an opportunistic plan.

    Since 2014, Rosneft has loaned about $6.5 billion to Venezuela in exchange for oil, according to data compiled by Bloomberg. Petroleos de Venezuela SA, or PDVSA, has been repaying the loans by delivering barrels to Rosneft, and had an outstanding debt of about $1.8 billion in the first quarter, according to a company presentation.

    As a result of the changes signed by Russian President Vladimir Putin, Rosneft and its suppliers will be exempt from value added and import taxes to develop the two gas fields, which are near to where Exxon Mobil Corp. is rushing to extract oil in neighboring Guyana. The agreement was filed online by the Russian legal information website, which publishes orders by the president and applied international treaties.

  • Banks Lending $100 Billion to Shipping Get Strict on Climate - Bloomberg
    https://www.bloomberg.com/news/articles/2019-06-17/shipping-banks-with-100-billion-in-loans-get-strict-on-climate

    • Lenders agree principles to limit funding for dirty ships
    • Emission targets in industry seen tightening in 2023

    A group of financiers with $100 billion of loans to shipowners are about to get stricter on the kinds of vessels they’ll finance as part of a drive to improve the maritime industry’s environmental performance.

    Eleven major financiers including Citigroup Inc. and Societe Generale SA are for the first time adopting a set of principles requiring them to maintain their lending books in a way that matches goals in the Paris climate agreement, as well as related targets adopted by global regulator the United Nations’ International Maritime Organization.

    It means banks will favor financing of cleaner vessels while shying away from those carriers that are more polluting. The shift will potentially help to tighten a well-supplied freight market that’s depressed rates, said Michael Parker, global head of shipping & logistics at Citigroup.

  • UK maritime group warns of incident in the Gulf of Oman | News | Al Jazeera
    https://www.aljazeera.com/news/2019/06/uk-maritime-group-warns-incident-gulf-oman-190613054602630.html

    A United Kingdom maritime safety group is warning that an unspecified incident has taken place in the Gulf of Oman and is urging “extreme caution” amid heightened United States-Iran tensions.

    The UK’s Maritime Trade Operations, which is run by the British navy, put out the alert early on Thursday. It did not elaborate further, but said it was investigating the incident.

    Joshua Frey, a spokesman for the US Navy’s Bahrain-based 5th Fleet, said his command was “aware” of a reported incident in the area.

    “We are working on getting details,” Frey told The Associated Press.

    Iranian media reported, without offering any evidence, that there had been an explosion in the area targeting oil tankers.

  • American Oil Keeps Flowing to China Despite Mounting Trade War - Bloomberg
    https://www.bloomberg.com/news/articles/2019-06-06/american-oil-keeps-flowing-to-china-despite-mounting-trade-war

    • U.S. shipments to Asian nation seen increasing in May and June
    • Tankers headed to China haven’t rerouted even as tension rises

    Washington’s escalating trade war with Beijing hasn’t choked off the flow of American oil to China.

    At least six million barrels of U.S. crude set off for Chinese refineries in May, according to ship tracking data compiled by Bloomberg. In June, American shipments to the Asian nation are expected to reach at least 4 million barrels, according to shipping reports and data from Kpler. The volumes are a marked increase from April, when China took just one supertanker of U.S crude, about two million barrels.

    U.S. oil may just be too cheap to pass up. West Texas Intermediate crude is selling for almost $9 per barrel less than the global benchmark Brent, down from around $6 in April. While global supply risks have boosted the price of Brent, growing American production has kept WTI weak, making it more appealing to international buyers.

    Clearly the trade war is a consideration,” but the WTI discount to Brent is attractive, said Sandy Fielden, an analyst at Morningstar Inc. Purchases made now could be sold later for a higher price — something Chinese companies started doing soon after the trade war began last year.

    The three tankers that initially set sail for China in May have not signaled a destination change, even as trade tension ramps up. Meanwhile, a fourth ship headed for Singapore rerouted to Rizhao, China. One of the China-bound tankers, a very large crude carrier (VLCC), received its supply at the Louisiana Offshore Oil port in May, ship tracking data show. More could be headed to China from LOOP, America’s only facility that can fully load a VLCC.

  • Orange’s Sea Cable Repair Fleet Looks Beyond Investment Boom
    https://www.bloomberg.com/news/articles/2019-05-24/orange-s-sea-cable-repair-fleet-looks-beyond-investment-boom


    The Pierre de Fermat ship
    Source : Orange SA

    • Phone carrier assessing opportunities in offshore wind sector
    • France sees strategic interest in marine cable expertise

    For decades, ships owned by French phone carrier Orange SA have traveled the world’s oceans, installing and fixing the undersea cables that carry internet traffic from one continent to another.

    The fleet of six run by Orange Marine is now looking to diversify, even with the biggest investment boom for the infrastructure since the 1990s. Instead of creating more business, the new high-capacity lines being financed by the tech giants are expected to put older cables out of service, meaning less work for the seaborne repairmen.

    One cable that started up last year highlights the issue. The line, running from the U.S. state of Virginia to Sopelana, Spain, accounts for half the capacity of the dozen or so trans-Atlantic cables. Known as Marea, the 6,600-kilometer (4,101-mile) link owned by Facebook Inc., Microsoft Corp. and Telefonica SA’s Telxius offers the fastest data transmission speeds in the world.

    Jean-Luc Vuillemin, who oversees Orange Marine, sees potential opportunities in servicing offshore wind turbines, he said in an interview on the Pierre de Fermat, a 100-meter ship named after the 17th-century mathematician and docked at the Brest port in northwest France.

    The ecosystem is pretty favorable right now but this may change in the future,” Vuillemin said. “You need to diversify when the business is in order, so we’re thinking about the next steps.

    Orange Marine is a small yet profitable business for France’s dominant phone carrier, generating about 100 million euros ($112 million) of annual sales out of Orange’s roughly 41 billion euros of revenue. But it’s considered a strategic asset by the company, whose largest shareholder is the French state.

    Being able to quickly repair cables can be crucial in an emergency, as Algeria experienced in 2015 when a link between Annaba in the country’s northeast and Marseille in southern France was cut by an anchor, disrupting internet service in the North African nation for almost a week.

    Together, Orange Marine and its France-based competitor at Nokia Oyj, Alcatel Submarine Networks, own about one-quarter of the 40 or so ships focused on subsea cables globally, Vuillemin said.

    Our Western economies are increasingly dependent on these subsea cables. Orange Marine provides strategic autonomy. It’s a matter of sovereignty,” he said.

  • How Much Should You Save? 40% Would Struggle With $400 Emergency - Bloomberg
    https://www.bloomberg.com/news/articles/2019-05-23/almost-40-of-americans-would-struggle-to-cover-a-400-emergency

    Many U.S. households find themselves in a fragile position financially, even in an economy with an unemployment rate near a 50-year low, according to a Federal Reserve survey.

    #précarité

  • Inside the Close Naval Encounters in the South China Sea - Bloomberg

    On notera que la seule chose que confient les officiers interrogés sur ce navire amiral est que le comportement des navires qui les ont pistés à de multiples reprises à toujours été extrêmement sûr. Ils ne disent pas a toujours été extrêmement professionnel, car cela contredirait trop ouvertement les déclarations officielles.

    https://www.bloomberg.com/news/articles/2019-05-13/south-china-sea-naval-encounters


    The U.S. Navy’s USS Blue Ridge in Singapore on May 9.
    Photographer : Bryan van der Beek/Bloomberg

    The voice on the radio in the middle of the South China Sea follows a familiar script for Captain Eric Anduze, who helms the USS Blue Ridge. It’s China on the phone.

    They’ll contact us and they’ll go — ‘U.S. government vessel, this is Chinese Navy vessel’ number whatever — ‘we will maintain five miles from you and escort you as you make your transit,”’ Anduze said, describing the English-speaking voice from a rival Chinese warship.

    The U.S. response is short: “Chinese vessel, this is government vessel 1 9, copy, out.” From there on, silence, as the vessels of the world’s rival powers steam onward together.

    The ship-to-ship interactions are a regular potential flash point for the world’s two biggest militaries in contested waters. In September, a Chinese destroyer sailed within a football field’s distance of the USS Decatur in what the U.S. said was an “unsafe and unprofessional” maneuver. That hasn’t deterred future sailings — the U.S. sent two guided-missile destroyers within 12 nautical miles of disputed islands earlier this month.

    Based in Japan, the Blue Ridge is a frequent traveler through the South China Sea, which Beijing considers its waters against an international community increasingly concerned by its encroachment. The area is home to key shipping lanes and fisheries that have sparked dispute between China and its neighbors.
    […]
    The U.S. Navy allowed media outlets, including Bloomberg, an inside look at the sort of ship it’s using to sail through the disputed waters. The oldest operational warship in the American Navy, the Blue Ridge is the flagship of the 7th Fleet, and docked in Singapore as part of a tour of southeast Asian port cities.

    The Blue Ridge is billed as one of the most technologically advanced ships in the world. It operates as a central information node for a fleet whose range stretches from the Indian-Pakistan border to the International Date Line in the Pacific Ocean. Through its several computers flow a database the Navy says gives it a “complete tactical picture of air, surface and subsurface contacts.” That’s what it does: it sails and it knows things.

    The ship is a small floating town of more than 1,000 sailors at any given time. There are beds and cafeterias, fitness centers and a post office. A miniature hospital has sick beds and an operating room, along with a dentist who can fill a cavity or pull a tooth — unless the waves get too rough. Up on deck, sailors can jog around a makeshift track around the ship, at about seven laps to a mile.

    Since February, Captain Anduze said the Blue Ridge has been escorted by Chinese vessels about six times in an almost unremarkable and now routine manner.

    In Washington, the view is that China uses “coercive tactics” including its naval and paramilitary vessels to enforce claims in the South China Sea, the Pentagon said last week in its annual report on China’s military power. Those are targeted “in ways calculated to be below the threshold of provoking conflict,” though have escalated into near-misses with U.S. warships.

    Naval officials on the Blue Ridge declined to comment in detail on those more aggressive encounters, except to say nothing similar had happened with them as they passed through the South China Sea’s shipping lanes.

    We have had ships that come about three to four miles away and then just navigate with us throughout the area,” Anduze said. Those interactions have been “very safe.