June 24, 2017, 2:58 am
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Shipping and Transportation

Rig builder share Price rises

by Reuters on February 12, 2014
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KUALA LUMPUR  - Shares of Coastal Contracts Bhd rose as much as 3.9 percent after a unit of the Malaysian oil field services firm and rig builder won a 1.24 billion ringgit charter contract in Mexico.

Compromise seen in Panama Cana

by Reuters on February 11, 2014
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PANAMA CITY/MADRID - The companies working to widen the Panama Canal and the waterway’s administrator each made new proposals aimed at reviving the multibillion dollar project, after talks broke down this week amid a cost spat and work ground to a halt.

Australia’s return to coal ha

by Reuters on February 11, 2014
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LAUNCESTON, Australia - The decision by an Australian power company to mothball a natural-gas plant and restart two coal-fired units seems wrong on many levels, but strangely, it has implications for US liquefied gas exports.

EU ready to lift duties on mos

by Reuters on February 11, 2014
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BRUSSELS - The European Union will offer to lift tariffs on nearly all goods imported from the United States as part of negotiations towards the world’s largest free-trade deal, people familiar with the proposal have told Reuters.

Israel takes a step closer to

by Reuters on February 11, 2014
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LONDON - Israel has taken a step closer to becoming a natural gas exporter after Australia’s Woodside Petroleum Ltd signed a deal to take a 25 percent stake in the huge East Mediterranean Leviathan gas field.

Industry sees an end to 5-year

by Reuters on February 10, 2014
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SINGAPORE - The shipping industry is poised to emerge from its longest downturn in three decades, buoyed by an end to years of overcapacity that have depressed freight rates since the end of a shipping boom in 2008.

Diamond S files for IPO

by Reuters on February 10, 2014
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NEW YORK – Diamond S Shipping Group Inc, which is backed by billionaire-investor Wilbur Ross, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock.

DEAL NEEDED SOON; Panama Canal

by Reuters on February 10, 2014
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PANAMA CITY - The Panama Canal is ready to pull the plug on a Spanish-led consortium’s contract to expand the major world shipping route unless the two sides reach a deal quickly amid a spat over massive cost overruns, its administrator said.

Woodside pays up for smaller

by Reuters on February 10, 2014
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SYDNEY/NEW YORK - Australia’s Woodside Petroleum Ltd has signed a preliminary agreement to buy a quarter of Israel’s Leviathan field for up to $2.55 billion, paying more for a smaller stake than first planned as gas and oil prospects have increased.

$7B INVESTMENTS; Brazil eyes p

by Angelo Tado on February 10, 2014
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BRASILIA - Brazil’s stalled port terminal auctions will weather legal challenges this year and draw about $7 billion in private investment to ease the flow of record grain exports through clogged docks, the country’s ports minister told Reuters.

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Column of the Day

The hidden danger in Marawi

By JOSE BAYANI BAYLON | June 23,2017
‘What was supposed to be a simple police action has turned out to be the most serious military operation to date in the Duterte administration.’

Opinion of the Day

Metabolism: Why dieting fails

By DAHLI ASPILLERA | June 23, 2017
‘My doctor said that both hands lifting a gallon-size pail up to shoulder height daily can help my body’s fat-burning ability.’