Bloomberg

Aug. 8 (Bloomberg) — BP Plc, ConocoPhillips and Statoil ASA are among oil explorers investing at least $3 billion in wells off Angola next year in the

Aug. 8 (Bloomberg) — NITC, Iran’s biggest tanker company, increased the capacity of its supertanker fleet by 23 percent this year amid sanctions

Aug. 8 (Bloomberg) — Nippon Yusen K.K., Japan’s largest shipping line, said development of deepsea Brazilian oil and Australian gas will boost

Aug. 7 (Bloomberg) — Transocean Ltd., the world’s largest offshore rig contractor, posted a second-quarter profit after running its vessels more

Aug. 7 (Bloomberg) — Yemen’s government said it uncovered an al-Qaeda plot to seize port facilities in the volatile southeastern province of

Aug. 7 (Bloomberg) — Hapag-Lloyd AG cut costs amid falling fuel prices to deliver a profit in the second-quarter as Europe’s fourth-largest

Aug. 7 (Bloomberg) — China widened its lead over South Korea as the world’s biggest shipbuilding nation as state-backed yards won contracts for

(Bloomberg) — The biggest slump in tanker rates since January is signaling weaker U.S. oil imports and spurring analysts to predict a 15-year low for

(Bloomberg) Awilco LNG ASA, the Norwegian owner and operator of liquefied natural gas vessels, rose the most in more than two months after a deal with Teekay

Aug. 5 (Bloomberg) — China issued a three-year plan to urge financial institutions to support its troubled shipbuilding industry, the world’s

Aug. 2 (Bloomberg) — German rail operator Deutsche Bahn AG started another direct train link on the China to Europe trade route, extending its reach into

Aug. 2 (Bloomberg) — Inmarsat Plc, the largest provider of maritime satellite services, rose the most in a year after forging a distribution partnership

July 31 (Bloomberg) — IDA Ireland, charged with winning overseas investment for the country, is backing plans to develop a shipping-finance center in

International oil companies including Shell and Chevron Corp. are shifting their efforts in Africa’s largest producer from land-based operations to

July 31 (Bloomberg) — At Royal Dutch Shell Plc’s compound in the Nigerian city of Warri, the gate is locked, the grounds are empty and grass has

Europe’s busiest container terminals are seeing their margins put under pressure as they expand to cater to the world’s largest box ships at a time

July 30 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, may pull out of a deal to invest in Israel’s

Earnings for tankers carrying 20,000 metric-ton cargoes in stainless-steel tanks will rise 12 percent to an average of $14,500 a day next year, the most since

Tropical Storm Flossie, which may become the first such system to hit Hawaii in 21 years, closed ports as it pounded parts of the state with

July 29 (Bloomberg) — Prince Alwaleed bin Talal, the billionaire owner of stakes in Citigroup Inc. and Time Warner Inc., has written publicly to Saudi