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Hyundai Merchant cargo processing hits record at Busan port

Seoul - Hyundai Merchant processed 167,018 twenty-foot equivalent units (TEUs) of cargo through the port, 453 kilometers southeast of Seoul, last month, the second-largest volume after Maersk.

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Total boosts North Sea business with $7.5 billion Maersk Oil deal

Paris - Total is buying Maersk’s oil and gas business in a $7.45 billion (5.79 billion pounds) deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow.

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Korean Shipbuilders Lose Large 9 Ultra Large Container Ship Deal to China

Seoul - The South Korean shipbuilding industry is in shock after it has lost the world’s largest container ship deals to Chinese companies.

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Rising cracking margins bode well for refiners

Seoul - The benchmark Singapore complex gross refining margin (GRM) hovers around US$8 per barrel this month, up from $7.4 in July, $6 in May and $5.8 in March, according to the sources.

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Somali pirate 28-year-old dies in hospital

New Delhi - A Somali national, part of the group convicted last week, died at JJ Hospital on Tuesday. Atoor Bashir Bare (28) was among the 27 “pirates” convicted on August 11 and sentenced to life imprisonment.

Finnish police request detention of 5 suspects arrested over knife attack
Egypt cuts transit fees through Suez Canal by half
Europe’s U.S. diesel imports head toward record in August
U.S. warship Indianapolis found 18,000 feet deep in Pacific Ocean / GALLERY
Four killed in explosion at a South Korean shipyard
Barcelona van attack suspect may have crossed into France
Islamic state claims responsibility for Russia stabbing attack
Finnish stabbings treated as terror, suspect “targeted women”
Shell lifts its first crude cargo from Libya in 5 years
One dead, eight in hospital after stabbings in Turku