AP Moller Unit Orders $300M Oil Rig
Oil and shipping conglomerate A.P. Moeller has placed a $300 million order with a South Korean shipyard for a new jack-up oil rig for its Maersk Drilling unit. Officials…
Hyundai Wins Container Terminal Order
South Korea's Hyundai Engineering & Construction has won a $510 million order to build a container terminal in Hong Kong. Hyundai was reportedly awarded the deal by a group of Hong Kong companies…
Iceland Merchant Seamen Strike Ends
Iceland's merchant seamen on Sunday called off a strike that had idled shipping for a week. The agreement means that the nine ships currently idle in Icelandic ports can now resume operations.
Indonesian Ferry Sinks
At least 38 people died and 70 are missing after an Indonesian ferry sank on Sunday. The Japanese-built ferry Masnait was carrying 192 people when it went down after…
OPEC Ministers Favor No Output Change
OPEC officials said all OPEC ministers are in favor of leaving oil production levels unchanged at an extraordinary meeting of the cartel scheduled for next month.
