Bloomberg

By Isaac Arnsdorf (Bloomberg) — Tankers hauling liquefied petroleum gas will gain as shale oil and gas production boosts U.S. exports and fleet growth

In fact, Shell is sending both Alaskan rigs to Asia for repairs By Brian Swint (Bloomberg) — Royal Dutch Shell Plc sent two of its drill rigs in Alaska

By Michelle Wiese Bockmann (Bloomberg) — The Baltic Dry Index, a measure of costs to transport minerals and grains by sea, fell for a second session as

BP Plc, Europe’s second-biggest energy company, signed a deal to export U.S. gas from the Freeport terminal in Texas, joining Royal Dutch Shell Plc,

(Bloomberg) — Nordic American Tankers Ltd., the third-largest owner of oil tankers hauling 1 million-barrel cargoes, said it may double its fleet within

(Bloomberg) — A South Korean shipping company with 10 vessels hired out to Vale SA, the world’s largest iron-ore producer, bought an 11th vessel

(Bloomberg) — OAO Novatek, Russia’s largest non- state gas producer, may require $5.6 billion worth of liquefied natural gas tankers to transport

(Bloomberg) — Transocean Ltd. and federal prosecutors urged a judge to accept the oil driller’s agreement to plead guilty to a criminal charge over

(Bloomberg) — China’s exports rose 25 percent in January from a year earlier while imports increased 28.8 percent, resulting in a trade surplus of

(Bloomberg) — Tankers that carry about half of the refined oil products transported by sea will lose money for the next five years as an oversupply of

(Bloomberg) — Deep-water oil exploration has been disrupted from the Gulf of Mexico to Brazil by the discovery of faulty bolts used in safety equipment

(Bloomberg) — The rally in rates to ship liquefied natural gas may end as winter demand subsides and a shortage of cargoes curbs trading to profit from

(Bloomberg) — Iran, which dropped two places to become India’s fourth-largest crude supplier last year, may lose $2.5 billion of revenue as global

By Michelle Wiese Bockmann (Bloomberg) — Some merchant ships are using illegal armed guards to deter pirates off West Africa, prompting at least one

(Bloomberg) — Fred Olsen Energy ASA, a Norwegian offshore drilling company, dropped to a three-week low in Oslo as higher-than-expected cost increases in

(Bloomberg) — Earnings for the biggest oil tankers on the benchmark route shipping Saudi Arabian crude to Japan will rise 48 percent this year to average

Overseas Shipholding Group Inc. (OSGIQ), the largest U.S. tanker operator, won approval to borrow $25 million to maintain ships and to make payments to two

(Bloomberg) — A Chinese patrol boat targeted a Japanese naval vessel with a radar system designed to calculate a range to fire a weapon, Japanese Defense

(Bloomberg) — Oil tankers designed to navigate Egypt’s Suez Canal are getting the most cargoes in at least three years as Iraq fills a void left

By Michelle Wiese Bockmann (Bloomberg) — Rates for ships carrying minerals and grains will climb almost threefold by 2015 as demand for the vessels