Russia Oil Revenues Hit Five-Month High on Crude Rally, IEA Says
Russia’s October revenues from crude and petroleum-product exports hit the highest since May as the ongoing Iran war bolstered oil prices, according to the International Energy Agency.
Newbuild containership, image: Samsung Heavy Industries
In an exchange filing today, Samsung Heavy Industries announced the winning of an order from an unidentified European shipowner for five new, 14,400TEU containerships at a total cost of KRW 621 billion ($583.24 million).
The ships are planned for delivery by the end of September 2016.
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