Bloomberg

(Bloomberg) — A.P. Moeller-Maersk A/S Chief Executive Officer Nils Smedegaard Andersen said he’ll be forced to prolong cost cuts at the

(Bloomberg) — Oil-tanker owners will struggle to retain crews and maintain ships after losing the most money in four decades, according to the

May 22 (Bloomberg) — The U.S. will overtake Asia as the biggest driver of global growth this year while Europe’s turmoil is hurting trade flows,

A House defense panel has agreed with the U.S. Navy’s request to buy four additional Littoral Combat Ships in the fiscal year starting Oct.

The lower forecast demonstrates the continuing fallout from several incidents at sea involving ships operated by Miami-based Carnival that attracted news

The European Union tightened safety rules for offshore oil and natural-gas exploration to curb the risk of a major accident after BP Plc’s 2010 spill in

May 21 (Bloomberg) — Costs to ship liquefied petroleum gas will exceed the 2008 record as the U.S. expands exports amid rising demand in Latin America

(Bloomberg) — D/S Norden A/S, Europe’s biggest owner of ships hauling iron ore and coal, is making its first bet in three years that rates for

Nippon Yusen K.K., the world’s largest publicly traded operator of liquefied petroleum gas ships, surged the most in more than four years in Tokyo after

Wilbur Ross said he intends to add to his shipping investments as slowing growth of the merchant fleet spurs an industry recovery as soon as next

May 18 (Bloomberg) — The conditional approval of a natural gas export terminal in Texas doesn’t necessarily open the floodgates for overseas sales

Transocean Ltd. shareholders voted in favor of one of billionaire investor Carl Icahn’s three board nominees, while rejecting his proposal for a

The cost of shipping LPG headed for the biggest weekly gain on record as surging U.S. exports of the cooking fuel and chemicals feedstock sap vessel

Gas carriers accounted for the highest share of total shipping investment last year since 2005, according to Clarkson Plc, the world’s largest

(Bloomberg) — Rates for iron-ore carriers fell for a sixth day on speculation Chinese steel mills are drawing on stockpiles instead of imports, according

May 15 (Bloomberg) — Hapag-Lloyd AG, Europe’s fourth- largest container-shipping line, said its first-quarter loss almost halved as freight rates

(Bloomberg) — Rates to ship liquefied natural gas fell to the lowest in almost two years as the opportunity to profit from shifting cargoes to Asia

Neptune Orient Lines Ltd., Southeast Asia’s biggest container-shipping company, said it will add more fuel-efficient ships this year to pare costs as a

(Bloomberg) — Earnings for the largest ships hauling liquefied petroleum gases such as propane rose to the highest in seven months as the U.S. expands

Owners are reaping the benefits of President Barack Obama’s suggestions that he will back plans for liquefied natural gas exports equal to 17 percent of