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Crude Settles Lower After Big Swings 30 May 2012 | 08:00 am
Crude oil futures prices ended little changed Tuesday after broad swings triggered by fresh worries over European economic problems and concerns over the next step in the ongoing talks with western po...
Diesel Prices Hit Lowest Point Since February 30 May 2012 | 08:00 am
Diesel prices across the U.S. fell to the lowest point since early February, declining 5.9 cents in the week ending May 28 as oil prices crept up. The average price, $3.897, fell for the sixth straig...
BP to Resume Exploration Ops in Libya 30 May 2012 | 08:00 am
BP has lifted Force Majeure in respect of its Libyan Exploration and Production Sharing Agreement (EPSA) with the National Oil Corporation (NOC) effective May 15, 2012. Force Majeure has been in place...
Ratio Between Container Ship Orders, World Fleet Number Declining 30 May 2012 | 08:00 am
The ratio between container ships on order and the world fleet has fallen to a nine year low, according to Alphaliner. The global order book stood at 3.67 million 20-foot equivalent units at the end ...
Keel Laying Ceremony for Arctic Cargo Vessel 30 May 2012 | 08:00 am
P+S WERFTEN GmbH recently announced that the third of five vessels was laid on its keel following the ceremonial commencement of construction – the cut of the first steel plate for ship Type ACV 36 wi...
Qatar Plans to Complete Construction of New Port by 2016 30 May 2012 | 08:00 am
Qatar plans to complete construction of a new $ 7.4 bn (QR 27 bn) port by the first quarter of 2016, the project’s executive director said. “About QR8bn of contracts for dredging and other work have ...
UASC Names Samsung Heavy Built Containership 29 May 2012 | 08:00 am
The United Arab Shipping Company (UASC) has named it’s new 13,500 TEU containership Ain Snan at a ceremony in Hamburg, following a nine-month building phase. The last of a series of nine UASC newbuild...
Damen Shipyards Acquire Swedish Ship Repair Yard 29 May 2012 | 08:00 am
Dutch shipbuilding and repair company Damen Shipyards Group has taken over the shares of Swedish shiprepair and maintenance yard Oskarshamnsvarvetin Oskarshamn. The acquisition was prepared in close c...
Teekay In Anglo Eastern Deal 29 May 2012 | 08:00 am
Teekay is to farm out fifty of its tankers to third party ship management in a tie-up with Hong Kong’s Anglo-Eastern The pact will be one of the world’s biggest deals between an independent ship manag...
Rising Costs Sink Eimskip Profit 29 May 2012 | 08:00 am
Eimskip, the Iceland-based container shipping and refrigerated logistics group, reported operating profit almost halved in the first quarter from a year earlier as higher costs and one-time items outw...
