Hints and tips:
...The attack seems likely to have been a result of the ship’s previous ownership by Oaktree, one of the US private equity firms that is most active in shipping investment....
...Meanwhile you’d reckon that supply shocks, such the Houthi attacks on shipping lanes, would be helping my energy bet....
...France’s Engie and Spain’s EDP Renewables, under the snazzy joint venture name of Central California Offshore Wind LLC, will develop a project together....
...The Royal Navy’s UK Maritime Trade Operations (MTO), which monitors shipping traffic in the Gulf and had first reported a “potential hijack” on Tuesday, said the incident was “complete”....
...Job moves General Electric has named Carolina Dybeck Happe, an executive of shipping group AP Moller-Maersk, as its new chief financial officer, in the second big appointment of an outsider in just over...
...One that usually carries gasoline from the biggest refining centre on the US Gulf Coast to the biggest population centre on the US East Coast....
...While the company says the deals are not traditional pre-pay arrangements, which tend to last months or years, Trafigura is now second only to China in shipping oil from Rosneft....
...The seizure prompted the US military on Thursday to start escorting US-flagged vessels transiting the strait, between the Persian Gulf and the Gulf of Oman....
...ACL operates across a vast tract of waterways spanning a stretch of America from the Gulf of Mexico in the south to the Great Lakes in the north....
...Abdulla Al Shamsi, general manager of United Arab Shipping Agencies, was named chairman of the board....
...The surge has been spurred by the gulf between the price of domestically-produced US oil and internationally-traded crude oil....
...“It’s because of the situation in Iran, where people are concerned that economic sanctions might result in a loss of supply, or that Iran might try to launch an attack on the shipping lanes in the Gulf,”...
...In the run-up to the Virgin/Northern Rock deal, for example, he made a debut investment in shipping, buying into tanker business Diamond S....
...Owners ordered hundreds of ships in 2006 and 2007 to take products from new refineries in the Gulf region and India to consumer markets....
...Dubai World’s assets include DP World, the ports operator, of which it owns 80 per cent; Inchcape Shipping Services; the Jebel Ali Free Zone; Dubai Maritime City and Dry Docks World....
...Dubai plans to tap the international capital markets as early as next week with its first bond issue since the debt standstill in the Gulf emirate shook financial markets last November....
...It protects economic resources — particularly oil and the shipping lanes through which it moves. The US provides the global economy with a regulatory framework and a reserve currency....
...Dubai World has been seeking to sell Inchcape Shipping Services, a port and shipping agent, as the state-owned conglomerate seeks to raise cash as part of a restructuring of its $23.5bn of debts....
...Shipping was the city’s economic anchor, but New Yorkers were more likely to work in the manufacturing industries—sugar refining, garment production, and publishing—that grew up around the harbor....
...conducting into the port and shipping agent being auctioned by state-owned conglomerate Dubai World....
...A very large crude carrier sailing from the Gulf to Japan could expect to earn $73,000 a day on Friday, according to ACM Shipping, a London shipbroker....
...Istithmar, the investment arm, last week put Inchcape Shipping Services, the marine services group, up for sale....
...And its shipping industry has been hit especially hard. Stock in China Cosco – the nation’s largest shipping conglomerate – fell by 76 per cent in 2008....
...Yet not one deal has been closed in the Gulf even after years of oil-soaked growth....
...After taking into account storage and financing costs investors would earn about 11 percent, according to Andy Lipow, president of Houston consultant Lipow Oil Associates LLC....
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