Maersk Line Beefing Up Singapore-Flagged Fleet
By Kyunghee Park March 6 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s biggest container-shipping company, plans to add more vessels
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By Kyunghee Park March 6 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s biggest container-shipping company, plans to add more vessels
(Bloomberg) — Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of
(Bloomberg) — ConocoPhillips may cease shipments of liquefied natural gas from the U.S.’s only export terminal in Alaska because of insufficient
Tony Capaccio (Bloomberg) — Lockheed Martin Corp. and Austal Ltd. today received a combined $1.38 billion in orders for continued purchases of the
(Bloomberg) — Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated
(Bloomberg) — Global shipbuilding capacity is about a third lower than it was at the 2008 peak as yards close or reduce employment, RS Platou Economic
(Bloomberg) — Iran has a $3 billion credit with Turkey over natural gas it sold to its neighbor and may use it to import commercial and leisure ships,
(Bloomberg) — A lack of cargoes is limiting the market to ship liquefied natural gas as production needs to resume in Nigeria and start in Angola for
By Rebecca Penty and Sara Forden (Bloomberg) — Cnooc Ltd., China’s largest offshore oil and natural gas producer, was barred from controlling
(Bloomberg) — Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after
(Bloomberg) — Rising U.S. naphtha exports could displace seaborne trade from the Middle East to boost demand for refined-oil tankers by 0.4 percent for
(Bloomberg) — Cargill Inc., the agricultural trader that accounts for 2 percent of world freight, is ordering new ships in a reversal of a policy against
(Bloomberg) — Brazilian miner Vale SA more than doubled spending on maritime freight in the fourth quarter as it shipped more of the steel-making
(Bloomberg) — Pacific Basin Shipping Ltd., Hong Kong’s biggest dry-bulk carrier, posted its first annual loss since listing in 2004 after a
(Bloomberg) — Charter rates for Capesize ships, which fell for a 14th session today, may rebound as increased export cargoes from Brazil compensate for
(Bloomberg) — A storm that closed Australian ports handling 43 percent of world iron-exports delayed as many as 74 vessels amid rain that might interrupt
(Bloomberg) — Bergen Group ASA, a Norwegian shipbuilder and offshore services company, would consider offers for one or both of its two remaining
(Bloomberg) — Rates to ship liquefied natural gas will decline over the next three years as trade fails to keep pace with the construction of new
(Bloomberg) — Royal Dutch Shell Plc, the world’s largest supplier of liquefied natural gas, agreed to buy LNG assets from Repsol SA for $4.4
By Jef Feeley and Allen Johnson Jr. (Bloomberg) — BP Plc’s push to maximize profits and cut costs at the Macondo well was a “root
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