In a filing on the Oslo stock exchange, Aker Philadelphia Shipyard ASA (Oslo: AKPS) announced today that its wholly-owned subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), and an undisclosed potential buyer, have signed a non-binding term sheet regarding the construction and sale of two to four product tankers with expected delivery in 2015 and 2016.
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The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.
China’s widening trade surplus with the European Union is fueling fresh concerns that the 27-nation bloc risks becoming a dumping ground for cheap goods in the volatile tariff confrontation between Washington and Beijing.
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