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Friday, May 13, 2011

Erdogan $12 Billion Bosporus Bypass Speeds Maersk Tankers: Freight Markets - Bloomberg

"Erdogan $12 Billion Bosporus Bypass Speeds Maersk Tankers: Freight Markets
By Benjamin Harvey and Alaric Nightingale - May 12, 2011 5:00 PM ET

Turkish Prime Minister Recep Tayyip Erdogan’s plan to divert tankers from the Bosporus to a new canal may unclog one of the worst chokepoints for energy carriers such as A.P. Moller-Maersk A/S of Denmark and Greece’s Tsakos Energy Navigation Ltd. (TNP)"

More:Erdogan $12 Billion Bosporus Bypass Speeds Maersk Tankers: Freight Markets - Bloomberg