BJ Services Company announced that its Board of Directors has approved a quarterly cash dividend in the amount of $.05 per share, payable July 15, 2008 to shareholders of record at the close of business on June 16, 2008.
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The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday helped by an increase in demand for capesize vessels.
Around 1,300 offshore support vessels lying idle worldwide.
Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of
Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July.
The number of tankers storing gasoline