OPEC Runs Out of Options as Bid to Boost Oil Price Fizzles

OPEC’s plan to boost oil prices by cutting production has fizzled, yet it has little choice but to stick with it.

Maersk Exploring All Options as Report Points to 2-Way Split

A.P. Moeller-Maersk A/S said it’s still considering several options in its strategic review after a local newspaper reported that the Danish conglomerate was exploring a two-way split into an energy and a transport company.

BIMCO Updates New York And Singapore Arbitration Clause Options

A new edition of BIMCO’s Dispute Resolution Clause has been published. New wording has been added to the US law, New York arbitration option to ensure that non-maritime contracts (such as shipbuilding contracts) are not inadvertently excluded from the sco

Scotland studies ferry options to ease Forth Bridge closure commuter woes

Transport for Scotland is mulling using ferries to replace the Forth Road Bridge, which was closed after authorities discovered a large crack in one of its supports. ...

Bahri declares five VLCC options at Hyundai Samho

The National Shipping Company of Saudi Arabia (Bahri) has declared options for five VLCC newbuildings at Hyundai Samho Heavy Industries. ...

Li’s Options Narrow as China Growth Slowdown Deepens

Chinese Premier Li Keqiang’s options have narrowed: stimulate or miss his 2014 growth target.The weakest...

Stealthgas exercises pair of newbuild options, bags charter haul

Stealthgas has exercised options on two LPG new buildings as well as new charters and...