Frontline Urges Scrapping of Tankers Aged Over 15 Amid Ship Glut
Aug. 28 (Bloomberg) — Frontline Ltd., the oil-tanker company led by billionaire John Fredriksen, urged shipowners to scrap crude carriers that are more
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Aug. 28 (Bloomberg) — Frontline Ltd., the oil-tanker company led by billionaire John Fredriksen, urged shipowners to scrap crude carriers that are more
While Lebanon’s growth has suffered during the 2 1/2 year conflict next door in Syria, Port of Beirut traffic has risen as traders avoid risky overland
Aug. 27 (Bloomberg) — Near-record agricultural exports are diminishing the capacity glut in grain carriers, boosting rates for Safe Bulkers Inc. and
Oil & Gas UK, which represents North Sea oil-and-gas operators, will meet today to discuss the implications of the temporary suspension of Super Puma
Aug. 26 (Bloomberg) — Songa Offshore SE, a Cyprus-based offshore drilling contractor, slumped the most in six months in Oslo trading as delays in rig
Aug. 26 (Bloomberg) — Norway’s election outcome next month is poised to end a deadlock over oil drilling off the shores of its protected Lofoten
Aug. 26 (Bloomberg) — ONGC Videsh Ltd., a unit of India’s biggest energy explorer Oil & Natural Gas Corp., agreed to pay $2.64 billion to buy a
Aug. 22 (Bloomberg) — China National Offshore Oil Corp., parent of the nation’s biggest offshore energy explorer Cnooc Ltd., is seeking to raise $3
Aug. 21 (Bloomberg) — Glencore Xstrata Plc Chief Executive Officer Ivan Glasenberg said mining-industry peers are responding to his call to restrain
Three of eight tankers bought by Dimitris Cambis that the U.S. Treasury said helped Iran evade sanctions were sold for demolition, according to data from IHS
KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, created a unit to lend to the maritime industry, including assets such as drilling
Aug. 20 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-biggest oil producer, will recommend using Royal Dutch Shell Plc’s floating
Aug. 20 (Bloomberg) — Wilbur Ross, the billionaire investor in struggling industries, says Chinese limits on shipbuilding will help the cargo market
Aug. 19 (Bloomberg) — China Shipping Development Co., the commodities-carrying unit of China’s No. 2 shipping company, posted a wider first-half
Aug. 19 (Bloomberg) — A.P. Moller-Maersk A/S, owner of the world’s biggest shipping line, said concern that emerging markets are losing their
Aug. 16 (Bloomberg) — A.P. Moeller-Maersk A/S climbed to an 18-month high after the company raised the earnings forecast for its container line, which
Aug. 15 (Bloomberg) — Subsea 7 SA, an offshore oil services provider, rose to the highest level in more than seven weeks in Oslo as improving margins are
Aug. 15 (Bloomberg) — Demand for tankers to haul fuels including gasoline will benefit for several years as refinery expansions in India and the Persian
Aug. 14 (Bloomberg) — Qatar Gas Transport Co., an operator of vessels to transport liquefied natural gas, jumped the most in more than two months as
The U.K. Royal Navy recorded its biggest seizure of illegal drugs in four years in an operation near Puerto
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