Persian Gulf tanker rates may halt 13-day slide The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may end a 13-day slump because returns from leasing vessels have fallen below levels where owners make a profit.
Brazil, India the top users of offshore oil rigs in July Brazil and India were the biggest users of offshore oil rigs in July as Petroleo Brasileiro SA drilled the Americas' biggest discovery in three decades and Reliance Industries Ltd started developing a coastal field.
Port shots D/S Torm A/S, the world's biggest operator of ocean-going petrol and diesel tankers, climbed the most in 20 months in Copenhagen trading after raising its full- year profit forecast to a record.
Shipping Times
TNT jumps on report UPS is in talks to buy Dutch firm TNT NV, Europe's second-biggest express-delivery service, rose to a 51/2-month high in Amsterdam trading after a UK newspaper reported that United Parcel Service Inc (UPS) held initial talks to buy the company for 10 billion euros (S$21.12 billion).
US House hearings for UPS-DHL pact United Parcel Service Inc's plan to take over Deutsche Post AG's US air shipments will be reviewed in hearings next month before two congressional committees.
Persian Gulf tanker rates may halt 13-day slide The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may end a 13-day slump because returns from leasing vessels have fallen below levels where owners make a profit.
Brazil, India the top users of offshore oil rigs in July Brazil and India were the biggest users of offshore oil rigs in July as Petroleo Brasileiro SA drilled the Americas' biggest discovery in three decades and Reliance Industries Ltd started developing a coastal field.
Port shots D/S Torm A/S, the world's biggest operator of ocean-going petrol and diesel tankers, climbed the most in 20 months in Copenhagen trading after raising its full- year profit forecast to a record.
Shipping Times
TNT jumps on report UPS is in talks to buy Dutch firm TNT NV, Europe's second-biggest express-delivery service, rose to a 51/2-month high in Amsterdam trading after a UK newspaper reported that United Parcel Service Inc (UPS) held initial talks to buy the company for 10 billion euros (S$21.12 billion).
US House hearings for UPS-DHL pact United Parcel Service Inc's plan to take over Deutsche Post AG's US air shipments will be reviewed in hearings next month before two congressional committees.
US domestic gas stifles LNG THE US market appears to be flush with domestic natural gas, raising more questions on LNG terminal plans and LNG cargos from Trinidad and other suppliers
Ex-officer accuses Royal Caribbean A former officer has accused Royal Caribbean of exposing passengers and crew to life-threatening gas following an accident aboard the Monarch of the Seas
Danes upbeat on bulk markets DENMARK's dry bulk and product tanker markets are maintaining a strong outlook despite continued uncertainty about the direction of the global economy
BA, AA seek to forge trans-Atlantic giant For the third time in 10 years, the U.S. and British airlines will seek antitrust immunity for a cargo and passenger alliance.
Containers outperform general cargo in Vancouver
Asia-Australia lines plan to boost bunker fees
Galveston-Texas pilots seek rate hike
Lufthansa's cargo volume tumbles
JDA Software to acquire i2
Export ABCs: Documentation control
Agility to build Shanghai logistics hub for plastics firm
UPS dismisses TNT takeover talk
China's trade surplus swells
Pacific Shipping Trust to raise funds for four boxships
Aker Yards in favour of STX bid The board of Aker Yards recommends shareholders to accept the bid from the South Korean shipyard group STX for all outstanding shares. The recommendation is made rather reluctantly as the board considers the bid to under-value the long-term ...
EU extends deadline for Polish yards A further five potential bidders have shown interest in the Gdynia and Szczecin shipyards, and EU has extended its deadline for the privatisation with two weeks. The previous deadline was today, Monday. Today, there are one firm bidder for each ...
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