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  • LONDON, Nov 6- Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions, increasing transport costs for the frontier sector. Sanctions imposed on Russia by the United States and European Union over Ukraine have targeted the...

  • The 14- story Antares rocket, built and launched by Orbital Sciences Corp, blasted off from the Wallops Flight Facility at 6:22 p.m. on Tuesday but burst into flames moments later, the first disaster since NASA turned to private operators to run cargo to the space station. Orbital Sciences stock fell 15.9 percent to $25.54 on Wednesday. The loss of the supply...

  • Oct 28- An unmanned Antares rocket exploded seconds after liftoff from a commercial launch pad in Virginia on Tuesday, marking the first accident since NASA turned to private operators to deliver cargo to the International Space Station. The 14- story rocket, built and launched by Orbital Sciences Corp, blasted off its seaside launch pad at the Wallops Flight...

  • The cause of the accident was not immediately known, said NASA mission commentator Dan Huot. NASA launch control said damage appeared to be limited to the launch facility and rocket. Virginia- based Orbital Sciences is one of two companies hired by NASA to fly cargo to the station after the space shuttles were retired.

  • The cause of the accident was not immediately known, said NASA mission commentator Dan Huot. NASA said there were no injuries. Virginia- based Orbital Sciences is one of two companies hired by NASA to fly cargo to the station after the space shuttles were retired.

  • High Arctic costs deter business despite thaw Monday, 27 Oct 2014 | 9:03 AM ET

    BODOE, Norway, Oct 27- Despite high hopes for Arctic business from mining to shipping as the ice melts rapidly and temperatures rise twice as fast as the global average, few firms say the sums still make sense. An oil price slump and cheaper commodities, including iron ore, together with tensions between the West and Russia over Ukraine, are adding new disincentives.

  • COLUMN-History of controls on U.S. oil exports: Kemp Thursday, 23 Oct 2014 | 7:21 AM ET

    LONDON, Oct 23- On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war. Following the U.S. mid-term elections next month, Congress will take up the issue again, a debate that would benefit from an understanding of the history...

  • NEWCASTLE, Australia, Oct 17- Hundreds of protesters on Friday joined environmental activists from a dozen South Pacific countries attempting to halt shipping at the world's largest coal export terminal in eastern Australia by forming a blockade with canoes, surfboards and kayaks. Nonetheless, organisers from the 350. Org environmental group said it...

  • *Gulf of Oman port bids to become transhipment centre for region. Instead they can have goods delivered to a port in Oman, outside the Gulf, and bring them into the region by road. The cheeky advertisement has been posted by Sohar Port and Freezone, an ambitious facility on Oman's northern coast about 200 kilometres to the southeast of Dubai.

  • Floating storage at sea stalls despite falling oil prices Wednesday, 15 Oct 2014 | 10:20 AM ET

    *Falling oil prices still to attract large scale storage at sea. *Oil tanker rates gaining ground after years in doldrums. LONDON, Oct 15- Despite falling oil prices, traders in recent weeks have booked just a few tankers to store cargoes at sea as higher freight costs outweigh any profit play for now.

  • COPENHAGEN, Oct 15- Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence over global shipping through its regulations, industry sources said. The current secretary general of the IMO, Koji Sekimizu, is due to step down at the end of next year, and...

  • COPENHAGEN, Oct 15- Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence over global shipping through its regulations, industry sources said. The current secretary general of the IMO, Koji Sekimizu, is due to step down at the end of next year, and...

  • *Alliance would have 35 pct of Asia- Europe route. Maersk said the approval had been the last it needed from regulators around the world, including in China and the European Union, and that the alliance would begin operations in January. The two carriers control 28 percent of the global container shipping market and even more along some big trade routes, leaving...

  • The proposal follows the rejection in June of a larger planned venture involving Maersk, MSC and France's CMA CGM by China's Ministry of Commerce on competition grounds. The approval will come into force on Saturday, Richard Lidinsky Jr, Federal Maritime Commission commissioner, told Reuters. The two shippers still need to win over regulators in Europe and...

  • The tie-up was approved after four out of five commissioners at the Federal Maritime Commission voted not to seek further information from the two shippers about the impact of the alliance on exporters and ports. The U.S. approval will come into force on Saturday, Richard Lidinisky Jr, Federal Maritime Commission commissioner, told Reuters.

  • LONDON, Oct 8- Brent crude oil fell to a fresh 27- month low under $91 a barrel on Wednesday as gloomy economic growth forecasts prompted concerns about global oil demand and U.S. inventory data confirmed abundant supply. Brent for November was down $1.30 at $90.81 by 1442 GMT, after hitting $90.57 earlier in the session, its lowest price since June 2012.

  • LONDON, Oct 8- Brent crude oil dipped below $91 a barrel on Wednesday to its lowest since June 2012 as lower economic growth forecasts raised new concerns about global oil demand at a time of abundant supply. The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone...

  • OTTAWA, Oct 7-- Canada will have trouble ensuring marine safety in the Arctic as climate change melts the sea ice and shipping increases, Parliament's environmental watchdog said on Tuesday. Gelfand said many high-risk areas in the Arctic had been inadequately surveyed. She also found the Coast Guard had done little to improve aids to navigation and was cutting...

  • COPENHAGEN, Oct 7- Piracy will increase in the Gulf of Guinea as Nigeria prepares for an election next February in order to funnel ransom money into campaign financing, intelligence experts told a shipping conference in Copenhagen on Tuesday. General elections are expected to take place also in Togo, Burkina Faso and the Ivory Coast, all close to the Gulf of...

  • *1st export of Alaskan crude to South Korea in more than a decade. NEW YORK/ SEOUL, Sept 30- The first U.S. export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers.