Daily Earnings for VLCCs Plunge 76 Percent, Biggest Drop Since September
Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to
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Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to
By Rob Sheridan Charter rates for Capesize ships, the biggest iron-ore carriers, fell for a second day as a storm forced ports to close in Australia,
Jan. 23 (Bloomberg) — Chile’s richest family has turned the world’s worst-performing container shipper into a champion by shedding rented
Jan. 23 (Bloomberg) — Nippon Steel & Sumitomo Metal Corp., Japan’s top steelmaker, will consider using more Valemax carriers to receive ore
Jan. 23 (Bloomberg) — BP Plc’s head oil analyst for Asia, Giovanni Serio, plans to join Noble Group Ltd. in Singapore, four people with knowledge
Jan. 22 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil expanded to the highest in more than four
Jan. 22 (Bloomberg) — Rates to ship liquefied natural gas are dropping for the first time in four years amid a diminishing scarcity of the carriers
Jan. 21 (Bloomberg) — The Panama Canal, handling 5 percent of world trade, may change how it calculates tolls for ships carrying energy cargoes to boost
Jan. 21 (Bloomberg) — Demand to ship dry-bulk commodities will exceed fleet growth in the year’s second half as the freight market begins to
Jan. 21 (Bloomberg) — Trafigura Beheer BV agreed to buy three medium-range tankers to carry refined oil products such as gasoline, its first purchase of
Jan. 21 (Bloomberg) — Kvaerner ASA, a Norwegian builder of oil platforms, dropped the most in almost a month in Oslo after it lost out on a $1.1 billion
Jan. 21 (Bloomberg) — The gap between liquefied natural gas prices in Asia and the Atlantic will keep trades between the regions profitable through the
By Rodney Jefferson Scotland’s shipyards would lose contracts and be “doomed” if the country votes to leave the U.K. in a referendum next
Jan. 18 (Bloomberg) — The total number of new vessels joining the global fleet this year is expected to be as much as 220, about the same as 2012
Jan. 18 (Bloomberg) — Two Italian marines charged with killing fishermen they suspected of being pirates can be put on trial in India, the
By Lee Spears Norwegian Cruise Line Holdings Ltd., whose owners include Apollo Global Management LLC, raised $447 million in an initial public offering,
The Queen Elizabeth 2, the ocean liner known as the QE2 that plied the Atlantic for almost 40 years, will be moored in Asia as a 400-room luxury hotel
Jan. 16 (Bloomberg) — Costs to ship Middle East oil to Asia, the tanker industry’s busiest trade route, fell for a third day as completion of cargo
Jan. 16 (Bloomberg) — Greece will tax merchant ships managed by companies based in the country and sailing under foreign flags for the first time ever as
Jan. 16 (Bloomberg) — Carl Icahn’s new stake in Transocean Ltd. may raise pressure on the world’s largest offshore driller to split off some
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