Economists are Bullish on Iron Ore as Chinese Economic Growth Recovers
Iron ore is rallying the most in about two years as analysts predict that China, the biggest buyer, will import a record amount in 2013 as its accelerating
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Iron ore is rallying the most in about two years as analysts predict that China, the biggest buyer, will import a record amount in 2013 as its accelerating
Vitol Group plans to start sales of marine fuel, or bunkers, to a port in southern Malaysia as it seeks to supply ship owners that moved from Singapore, the
China Rongsheng Heavy Industries Group Holdings Ltd., the country’s largest shipbuilder outside state control, forecast its first annual loss in four
Statoil ASA, Norway’s biggest oil and gas producer, will invest more than $7 billion in its Mariner project, the largest offshore development in the U.K.
Chinese demand growth for imported coal will almost halt next year before shipments contract in 2014 as the nation’s improving transport network allows
Fincantieri SpA agreed to buy a controlling stake in STX OSV Holdings Ltd., the world’s biggest maker of oil-rig support vessels, for 455 million euros
The worst commodity shipping market in 26 years may persist next year as an oversupply of vessels continues to curb ship owners’ ability to boost charter
Vale SA, the world’s biggest iron-ore exporter, may have paid about $158 million more for shipping in the past 19 months by using the largest available
Chinese port operators agreed to buy a $135 million stake in a Taiwanese container terminal, the second-biggest mainland acquisition on the island, as closer
By Scott Hamilton European container-shipping operators such as A.P. Moeller-Maersk A/S may benefit little from higher volumes next year as carrier lines
Julie Cruz TUI AG rose in Frankfurt after its shipping unit Hapag-Lloyd said it is discussing a possible merger with Hamburg Sud. TUI shares advanced as much
By Tim Jones The drought-depleted Mississippi River was closed to traffic today south of St. Louis as the U.S. Army Corps of Engineers reported progress
The U.K.’s ports, shipping and maritime services industries employ 635,000 people, contributing 8.45 billion pounds ($13.71 billion) in tax revenues,
At a time when equity analysts are predicting the biggest rebound in earnings for Capesize iron-ore carriers in six years, swaps traders are betting that rates
Keppel Corp., the world’s biggest oil-rig builder, may consider buying a yard in China as the nation boosts offshore drilling to meet rising energy
By Alex Cuadros and Jonathan J. Levin The International Tribunal for the Law of the Sea ordered Ghana to immediately release Argentine naval ship ARA
By Michelle Wiese Bockmann Fleet usage for the 371 ships carrying liquefied natural gas will slide in 2013 and 2014 from a six-year high as demand growth
By Rob Sheridan Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s benchmark route, gained as more ships were booked.
By Andrew Herndon The U.S. Department of Energy will award as much as $169 million to seven proposed offshore wind projects in six states. The wind farms,
Michelle Wiese Bockmann The Baltic Exchange, the London- based bourse whose data are used to set freight rates for about 75 percent of seaborne trade, said
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