Bloomberg

By Isis Almeida July 3 (Bloomberg) — Energia del Pacifico SA, the winner of a tender to build a power plant in El Salvador, plans to sign this month

Almost a century before Christopher Columbus discovered America, Zheng in 1405 embarked on a series of voyages with ships of unrivaled size and technical

KKR & Co.’s Turkish ferry unit, its sole investment in the country, has attracted binding bids from Danish shipping company DFDS Group A/S and an alliance of

Drifting five miles off the Aruba coast, the 591-foot-long oil-servicing ship OSA Goliath has no projects to work on or contracts to fulfill. Yet in its idle

By Paul Tugwell July 1 (Bloomberg) — Increased U.S. exports of liquefied petroleum gas amid higher shale oil production will boost demand for ships that

Twelve years after a labor dispute closed West Coast ports and cost the U.S. economy $1 billion a day, negotiators on both sides want to avoid a repeat that

By Phoebe Sedgman July 1 (Bloomberg) — The authority that oversees Australia’s Port Hedland, the world’s biggest bulk-export port, merged with nearby

Iron ore prices, heading for a second straight quarterly loss, will rebound as the daily closure of mines supplying high-cost output in China boosts demand for

Freight rates for the biggest vessels to navigate the Panama canal are poised to slump to a record because of Indonesia’s ban on exports of nickel and

China said one of its oil rigs has arrived in its drilling location in the South China Sea, more than 100 miles (160 kilometers) off the coast of

China’s veto of a three-way alliance between the world’s biggest shipping lines is good for the logistics industry as it preserves competition among

The U.S. Commerce Department opened the door to more U.S. oil exports as long as the crude is lightly processed, tempering the impact of a law that’s banned

Japanese shipbuilder Kawasaki Heavy Industries Ltd. plans to construct gas carriers abroad as it strives to lower costs and take market share from Korean

Nautilus Holdings Ltd., owner of a 16-vessel container shipping fleet, filed for bankruptcy protection in New York, citing a drop in charter

By Todd White June 24 (Bloomberg) — Repsol SA’s plans to explore for oil off the Spanish Canary Islands in a $10 billion project won backing from the

Business groups are urging longshoremen and their employers to avoid a dispute that could cripple ports along the West Coast and affect billions of dollars in

By Mikael Holter June 20 (Bloomberg) — Statoil ASA failed to find oil in the northernmost site ever drilled off Norway’s Arctic tip. The Apollo well,

China rejected a global shipping alliance to protect companies navigating a choppy market. The decision will probably hurt cargo firms’ earnings, including

Sempra Energy’s plan to export liquefied natural gas from its Cameron LNG terminal in Louisiana has been granted final U.S. approval, becoming the second

A.P. Moeller-Maersk A/S said it is working on alternative plans to cut costs and address overcapacity in the freighter market after Chinese regulators