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  • MISRATA, Libya, Jan 29- A power struggle between two rival governments that threatens to tear Libya apart has started to take its toll on Misrata, an important shipping and industrial hub that had shrugged off the turmoil until now. Oil production has collapsed to a fifth of what Libya used to pump before the NATO- backed uprising, while wheat imports and other...

  • ABOARD THE COAST GUARD CUTTER TYR— The crew was about to dig into dinner when word of the "ghost ship" came through: a freighter hurtling out of control toward Italy with no crew— and hundreds of Syrians as cargo. The ships are then pointed toward Europe and abandoned, the migrants' fate hanging between shipwreck and rescue. Comparatively well-off refugees are able to...

  • LONDON, Jan 27- Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages, caught in a struggle between the rival governments there and threatened by air attacks. John Dalby of maritime security firm MRM, said he had prepared evacuation plans for an unnamed oil company if the situation deteriorated further, adding that attacks on...

  • Sanctions sap allure of Russia's Arctic shipping route Thursday, 22 Jan 2015 | 6:58 AM ET

    OSLO/ STOCKHOLM, Jan 22- Western sanctions on Russia are restricting the Arctic shipping route along its north coast to domestic cargoes and energy exports with many foreign firms staying away after test voyages on a fabled short-cut between Europe and Asia. Now it seems that reality is kicking in, "said Bjorn Gunnarsson, managing director of the Centre for High...

  • *ECB could buy 50 billion euros in bonds per month- source. SINGAPORE, Jan 22- Oil prices dipped early on Thursday, ahead of an expected announcement of a bond-buying program by the European Central Bank that could push the dollar to new highs and put downward pressure on commodities. A firmer dollar, buoyed by an expected U.S. interest rate hike and an American...

  • Jan 13- Negotiators for shipping lines and terminal operators at 29 ports on the U.S. West Coast on Tuesday said they would no longer assign crews to load and unload cargo ships overnight at the massive Los Angeles and Long Beach docks. The move comes a day after the Pacific Maritime Association said the region's five largest ports, including Los Angeles and Long...

  • Jan 13- Negotiators for shipping lines and terminal operators at 29 ports on the U.S. West Coast on Tuesday said they would no longer assign crews to load and unload cargo ships overnight at the massive Los Angeles and Long Beach docks. The move comes a day after the Pacific Maritime Association said the region's five largest ports, including Los Angeles and Long...

  • *Older tankers being booked to store oil, boon for owners. *Last oil storage play seen in 2009. LONDON, Jan 13- Some of the world's biggest oil traders have booked supertankers to store at least 25 million barrels at sea in recent days, seeking to take advantage of the crash in crude prices and make a profit down the line.

  • *Older tankers being booked to store oil, boon for owners. *Last oil storage play seen in 2009. LONDON, Jan 13- Some of the world's biggest oil traders have booked supertankers to store at least 25 million barrels at sea in recent days, seeking to take advantage of the crash in crude prices and make a profit down the line.

  • OIL TRADERS BOOK 12 OIL TANKERS TO STORE CRUDE AT SEA- SHIPPING SOURCES.

  • SAN FRANCISCO, Jan 12- Cargo traffic at several of the biggest U.S. West Coast ports has slowed to near gridlock, negotiators for shipping lines and terminal operators for 29 ports said on Monday as contract talks with the dockworkers' union remain strained. The Pacific Maritime Association said that five of the region's largest ports, including the massive Los...

  • *China crude imports likely hit record in December. NEW YORK, Jan 8- Global oil prices were little changed for a second straight day on Thursday after better-than-expected U.S. jobs data helped the market hold ground after a 10 percent loss earlier in the week. "I think there is selling fatigue and that's why you're seeing some short covering," said John Kilduff,...

  • *China crude imports likely hit record in December. NEW YORK, Jan 8- Global oil prices perked slightly for a second straight day on Thursday after better-than-expected U.S. jobs data helped the market hold ground after a 10 percent loss earlier in the week. "I think there is selling fatigue and that's why you're seeing some short covering," said John Kilduff, partner...

  • *China crude imports likely hit record in December. NEW YORK, Jan 8- Global oil prices were little changed on Thursday, with better-than-expected U.S. jobs and other data helping the market hold steady after recovering from a four-day losing streak a day earlier. "I think there is selling fatigue and that's why you're seeing some short covering," said John Kilduff,...

  • LONDON, Jan 8- Some of the world's largest oil traders have this week hired supertankers to store crude at sea, marking a milestone in the build-up of the global glut. The price of Brent crude is now around $8 a barrel higher for delivery at the end of 2015, with its premium rising sharply over spot prices this week due to forecasts for a large surplus in the first half...

  • NEW YORK, Dec 31- Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas. It was the refiner's first imports from Mexico since 2009, the furthest the data go back. Monroe has received two more...

  • LOS ANGELES, Dec 29- Brushing aside calls for federal mediation in prolonged contact talks with employers at 29 U.S. West Coast ports, the union for 20,000 dockworkers urged shipping executives on management's board of directors to take a more active part in negotiations. The Pacific Maritime Association, representing shipping lines and terminal operators...

  • CHICAGO, Dec 29- United Parcel Service Inc and FedEx Corp are rolling out new pricing systems to curb online retailers' large package sizes, but industry experts warn many small firms are unprepared and could pay up to 50 percent more for shipping. Memphis- based FedEx will roll out the same change on Jan 5. UPS and FedEx announced the change in May and have worked to...

  • Shanghai shares ease off 4-year intraday peak, HK gains Thursday, 18 Dec 2014 | 11:44 PM ET

    *Hong Kong positive on Fed "patient" stance on rates. BEIJING, Dec 19- Shanghai shares retreated from their highest intraday level in four years on Friday, while Hong Kong stocks rallied for a second day on positive global sentiment. China COSCO China Shipping Development, China Shipping Container Lines and China Merchants Energy Shipping jumped by their 10 pct...

  • Officials from the Pacific Maritime Association and the International Longshore and Warehouse Union resumed negotiations on Thursday morning at the San Francisco headquarters of the association, said Craig Merrilees, a spokesman for the union. The waterfront cargo slowdowns have coincided with prolonged labor talks between 20,000 dockworkers and the...