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  • An unmanned SpaceX rocket carrying supplies to the International Space Station broke apart Sunday shortly after liftoff. "We're good from a food and water standpoint," NASA's top spaceflight official, William Gerstenmaier said at a press conference. This puts added pressure on another resupply launch scheduled for Friday by Russia, its first attempt since...

  • CAPE CANAVERAL, Fla.— SpaceX stands ready to launch a much-needed load of supplies to the International Space Station this weekend on the heels of a failed supply run by Russia. Besides food and experiments, the Dragon cargo ship ordered up by NASA holds a new docking port, or parking place, for future commercial crew capsules. In October, an Orbital Sciences Corp....

  • Together with tourism, its shipping industry is a vital generator of income for Greece. According to an official document indicating steps Greece must take, its lenders say the country must "increase the rate of the tonnage tax and phase out special tax treatments of the shipping industry". A separate document showed Greece had made a proposal to "increase...

  • SINGAPORE, June 24- Refiners on the U.S. West Coast and Hawaii have stepped up purchases of Russian crude, taking advantage of a narrow gap between U.S. and global prices to guard against a seasonal shortage of Alaskan supply, trade and industry sources said. Up to four tankers were expected to carry nearly 3 million barrels of Russia's ESPO crude from Kozmino near...

  • U.S. West Coast refiners snap up Russian crude cargoes Wednesday, 24 Jun 2015 | 2:57 AM ET

    SINGAPORE, June 24- Refiners on the U.S. West Coast and Hawaii have stepped up purchases of Russian crude, taking advantage of a narrow gap between U.S. and global prices as they look to guard against a seasonal shortage of Alaskan supply, trade and industry sources said. Up to four tankers were expected to carry nearly 3 million barrels of Russia's ESPO crude from...

  • KUALA LUMPUR, June 18- A Malaysian naval vessel has located the hijacked tanker Orkim Harmony in Vietnamese waters and is trying to persuade the pirates onboard to surrender, promising them they will be unharmed, Malaysian maritime officials said on Thursday. Both the crew and the cargo are safe, and the navy is in the midst of negotiations with the robbers,...

  • *Number of ship attacks in Asia is rising- ReCAAP. KUALA LUMPUR/ SINGAPORE, June 15- A small oil tanker was hijacked off the southeast coast of Malaysia over the weekend in the second such incident in the same area this month, raising further concerns over piracy in Southeast Asia, maritime officials said on Monday. The Malaysian Maritime Enforcement Agency said the...

  • *Togo carves out role as West African transit hub. LOME, June 11- The scale of Togo's ambition is clear as you fly into the capital, Lome. President Faure Gnassingbe, scion of a dynasty that has ruled Togo for nearly half a century, is modeling his country on Singapore or Dubai.

  • SHANGHAI/ TIANJIN/ SINGAPORE, June 10- A subsidiary of China's Tianjin port said some iron ore stored in a private warehouse had been illegally released by an undisclosed agent and trading firm. Oversight of China's ports has been under scrutiny since a scandal last year at Qingdao port involving commodity financing where a private trading firm is alleged to...

  • LONDON, June 4- Physical oil is coming under pressure as trade houses unwind a profitable storage play after several months that saw them holding millions of barrels on tankers at sea. A drop in the volume of crude stored for speculative profit is putting more supply into an already saturated market, elbowing out new loadings leading to a build-up of unsold West...

  • SAN FRANCISCO, June 2- Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which...

  • Homeless Atlantic oil cargoes deepen global glut Monday, 1 Jun 2015 | 1:00 AM ET

    *WAF, North Sea differentials hit multi-year lows. LONDON, June 1- A shadowy build up of oil has intensified in the Atlantic Basin with homeless cargoes of crude turning into unintentional floating storage- another sign the global surplus has some way to go before clearing. Off the coast of West Africa and in the waters of the North Sea, vessels holding millions of...

  • Some 2,400 workers had walked out of the ports of Ashdod and Haifa as union leaders went underground and for most of Thursday defied orders from labour courts to return to their posts. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate...

  • Israeli port workers defy court order to continue strike Thursday, 28 May 2015 | 10:06 AM ET

    Spokesmen for the ports of Ashdod and Haifa said 2,400 workers had left their posts and union leaders had gone underground. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate terminals adjacent to the state-run ports of Ashdod and Haifa.

  • LOS ANGELES, May 22- Union dockworkers at all 29 U.S. West Coast ports have voted overwhelmingly to ratify a contract agreement reached in February with shipping companies and terminal operators to end months of labor strife that snarled trans-Pacific trade. Members of the International Longshore and Warehouse Union voted 82 percent in favor of the new...

  • *Unipec's oil stored on huge tanker close to Singapore. NEW DELHI/ SINGAPORE, May 22- Chinese trader Unipec has sold 2 million barrels of crude held for months on one of the world's largest tankers, industry sources said, as rising oil prices prompt commodity firms to offload cargoes from floating storage. The crude will be delivered from the TI Europe, an Ultra Large...

  • RIO DE JANEIRO, May 19- Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co, as it looks to raise cash in the midst of an iron ore price slump. In a separate statement on Tuesday, the miner said it had completed the sale of four other large iron ore carriers to China Ocean Shipping Company, which was...

  • *Iron ore price fall hits West African mines. PEPEL, Sierra Leone, May 14- Red piles of iron ore and rusting railway wagons in the deserted stockyard at the port of Pepel bear silent witness to a crisis engulfing Sierra Leone's mining industry and threatening others across West Africa. In Pepel, locals anticipated an economic surge for their civil war-ravaged...

  • Yemen war risk could strangle strategic sea trade routes Wednesday, 13 May 2015 | 12:24 PM ET

    LONDON, May 13- With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily. Millions of barrels of oil pass through the Bab el-Mandeb and Strait of Hormuz everyday to Europe, the United States and Asia- waterways which pass along the coasts of Yemen and Iran...

  • FACTBOX-What would it take to free U.S. oil exports? Wednesday, 13 May 2015 | 11:18 AM ET

    However, Senator Lisa Murkowski, the Republican head of her chamber's energy committee, introduced a bill on Wednesday that would lift the ban Congress passed in 1975 after the Arab oil embargo created fears of global shortages. While there is plenty of resistance in Congress against lifting the ban, the prospects for a reversal could improve under some of the...