The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc (BP.L) rig in the Gulf of Mexico.
Shipping freight rates for transporting containers from ports in Asia to Northern Europe have plummeted 78 percent this year, after posting another drop this week, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
The Obama administration will announce Thursday safety regulations for offshore oil and natural gas drilling to prevent the kind of explosion that happened six years ago on a BP rig in the Gulf of Mexico, an official told Reuters.
Two Russian warplanes flew simulated attack passes near a U.S. guided missile destroyer in the Baltic Sea on Tuesday, the U.S. military said, with one official describing them as one of the most aggressive interactions in recent memory.
MacGregor, part of Cargotec, has secured orders for environmentally-friendly equipment for four next-generation eco-cruise ships which will be built in Germany and Finland. The vessels will be the first liquefied natural gas-powered cruise ships to enter the market.
Fuel consumption is not very sensitive to a small change in prices in the short run, but if the price change is large enough and lasts long enough the amount used can change significantly.
India and the United States have agreed in principle to share military logistics, the countries’ defence ministers said on Tuesday, as both sides seek to counter the growing maritime assertiveness of China.
The newly expanded Gwadar deep-water port in Pakistan that is key to a planned $46 billion Chinese economic corridor is nearly complete and expects to process about a million tons of cargo next year, the operator said on Tuesday.
French container shipping group CMA CGM has offered concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival Neptune Orient Lines.