Hoegh: LNG Price Gap will Support Shipping Fleet Expansion in the Near Term
The price gap between liquefied natural gas in Asia and Europe will support demand for shipping even as new vessels are built before fuel output expands,
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The price gap between liquefied natural gas in Asia and Europe will support demand for shipping even as new vessels are built before fuel output expands,
Transocean Ltd. and federal prosecutors won approval of the oil driller’s agreement to plead guilty to violating the U.S. Clean Water Act for its role in
Returns for Panamax ships, the main grain and coal carriers, reached the highest in almost two months as the reopening of some Asian offices after holidays and
Disruptions to the supply of liquefied natural gas in Nigeria and Egypt will curb shipping rates as more vessels compete for fewer cargoes of the fuel,
The U.S. is poised to become a net exporter of liquefied petroleum gases for the first year ever as shale-based energy production jumps, prompting new orders
Overseas Shipholding Group Inc., the largest U.S. tanker operator, owes $463 million in U.S. taxes, the Internal Revenue Service said. The bankrupt
Returns for Panamax vessels that haul coal and other commodities strengthened, nearing a two- month high, on increasing exports of the mineral from the U.S.
Oil tankers that move crude between U.S. ports are reaping windfall profits as domestic production surges and American laws prohibit exports. Rates for Jones
By Michelle Wiese Bockmann (Bloomberg) — Earnings for ships that carry dry- bulk commodities are set to start recovering in 2014 as fleet growth slows to
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
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