Oil Price Risk Forces Maersk to Plan Deeper Cost Cuts
By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is adapting its cost base to prepare for the risk of lower crude prices as the world keeps
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By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is adapting its cost base to prepare for the risk of lower crude prices as the world keeps
By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipbuilder, posted a first-quarter loss
By Joe Ryan (Bloomberg) — Lawmakers in Massachusetts are drafting a bill that would jump-start the offshore wind industry in the U.S., helping trigger a
By Noah Davis (Bloomberg) — Loïck Peyron will spend the next month crossing the Atlantic Ocean, something he has done several times before. But this
By Stephen Treloar and Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller with the biggest debt load, reached a deal with its banks to
By Kyunghee Park (Bloomberg) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder, said an order to build three floating liquefied
By Jonas Cho Walsgard (Bloomberg) — Shipping is about to lead a recovery in global offshore markets that have been battered by plunging oil prices,
By Mikael Holter (Bloomberg) — Statoil ASA, Norway’s biggest oil company, bought a 50 percent stake in EON SE’s Arkona offshore wind farm, entering
By Heejin Kim and Kyunghee Park (Bloomberg) — South Korea said it will take more active steps to help the nation’s shipping and shipbuilding industries
By Josh Wingrove and Jeremy van Loon (Bloomberg) — Enbridge Inc.’s Northern Gateway pipeline may get a new lease on life as the Canadian government
By Justin Bachman (Bloomberg) — In January 1966, the first ship carrying “citizen-explorers” arrived in Antarctica. At the time, only a handful of
By Tom Wilson and Candido Mendes (Bloomberg) — Angola’s oil minister accused neighboring Democratic Republic of Congo’s government of wrecking an
By Kyunghee Park (Bloomberg) — Hanjin Shipping Co., South Korea’s biggest container carrier that’s part of the Hanjin Group, said it will work with
By Nicholas Brautlecht (Bloomberg) — Hapag-Lloyd AG is in talks with United Arab Shipping Co. on a possible combination of their container businesses,
By Francisco Marcelino (Bloomberg) — Shareholders of oil-rig venture Sete Brasil Participacoes SA agreed to a plan to file for bankruptcy protection
By Anna Shiryaevskaya, Harry R. Weber and Joao Lima (Bloomberg) — Within a decade of revolutionizing domestic natural gas markets, U.S. shale will for
By Jessica Shankleman (Bloomberg) — The highest carbon tax in an oil producing nation has persuaded Norway’s state-owned driller to experiment with
By Kyunghee Park (Bloomberg) — Billionaire Li Ka-Shing’s Hutchison Port Holdings Trust predicts more mega ships will call at its Shenzhen port to move
By Jennifer A. Dlouhy (Bloomberg) — Congressman Steve Scalise leaned over the railing of the Chevron Corp. oil platform floating in inky blue waters 250
By Kyunghee Park (Bloomberg) — Keppel Corp., the world’s largest builder of oil rigs, reported a 41 percent decline in first-quarter profit as weak oil
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