Hanjin Collapse Is Triggering Short-Term Rate Spike, Maersk Says
Maersk Line, the world’s largest container shipping company, is seeing a short-term rise in freight rates and an inflow of new clients after the collapse of Hanjin Shipping Co.“There’s no doubt that we’re seeing a reaction in the rate market,” Klaus Rud Sejling, the executive in charge of Maersk Line’s east-west network, said in a phone interview. “The question is, what will happen with the rates in the longer term. In the short term, the effect is positive, but there are many factors that can ..>> view originalNorth Dakota Oil Pipeline Delays Could Hit Producers, Shippers
With the U.S. government siding in favor of Native American protests against a key North Dakota pipeline, local oil producers and shippers are facing the possibility of greater delays in getting a quick route to ship oil to the Gulf of Mexico. On Friday, following ongoing protests from environmentalists and Native American tribes, the U.S. Justice Department asked operators of the Dakota Access pipeline to suspend construction along a 40-mile (64 km) stretch in North Dakota, just minutes after ..>> view originalMuslims in Pakistan and across the world prepare to celebrate Eid al-Adha
PIR WADHAI, Pakistan — Azar Iqbal, 32, stroked his pretty white cow invitingly and adjusted the multicolored tassels arranged across her brow. “See how beautiful she is,” he called out as a stream of potential buyers wandered past. “Very gentle, very fresh. Only [$1,000].” Deeper into the vast temporary encampment on the outskirts of Islamabad, Maqbool Meher, 45, paraded his prize cow in a tight circle for a customer. There was no more room amid the thousands of bulls and cows, goats and even ..>> view originalForces loyal to eastern Libyan commander claim control over key oil ports
BENGHAZI, Libya, Sept 11 Forces loyal to eastern Libyan commander Khalifa Haftar took control of key oil ports in Ras Lanuf, Es Sider and Brega on Sunday, said Ahmed al-Masmari, a spokesman for the forces. But an official from the force that previously controlled the ports, the Petrol Facilities Guard, said there was still fighting at Ras Lanuf. Masmari said clashes were continuing at another oil port, Zueitina, and around the nearby town of Ajdabiya. (Reporting by Ayman al-Warfalli; Writ..>> view originalUK Trade Minister Blames 'Lazy, Fat' Businesses For Weak Exports
As the U.K.'s relatively new trade secretary, Liam Fox is responsible for negotiating international trade deals that allow the country's businesses to thrive. Apparently, he's finding those businesses a little frustrating.Fox told a gathering of conservative activists, "We have become too lazy and too fat on our successes in previous generations. ... People have got to stop thinking about exporting as an opportunity and start thinking about it as a duty." SEE MORE: The Big, Red Brexit Button: W..>> view originalWhat VW diesel owners should know about payout
Loyal owners of Volkswagen diesel cars understandably felt betrayed when they learned the German automaker had rigged the testing process to bypass U.S. emissions standards. But many are having a change of heart after learning how much VW will pay them to turn in their cars. San Diego resident Mark Holthoff, a manager for a community site for used-car enthusiasts called Klipnik.com, was disappointed when he saw the value of his 2014 Volkswagen Golf TDI plummet 30 percent after the “dieselgate” ..>> view originalHyperbole Alert On The Street - Federal Reserve One Of The Best Central Banks, Not Worst
Sunday, September 11, 2016
Hanjin Collapse Is Triggering Short-Term Rate Spike, Maersk Says and other top stories.
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