TRENTON, N.J.-- The Coast Guard has approved plans for a $1.3 billion project to raise the roadway of the Bayonne Bridge. The Coast Guard completed its environmental review of the project on May 3, and officials say the permit for the work could be issued next week.» Read More
TRENTON, N.J.-- The Coast Guard has approved plans for a $1.3 billion project to raise the roadway of the Bayonne Bridge. The Coast Guard completed its environmental review of the project on May 3, and officials say the permit for the work could be issued next week.
SAVANNAH, Ga.-- A water-projects bill approved Wednesday by the U.S. Senate contains a provision that would remove a bureaucratic obstacle to deepening the Savannah harbor if the measure becomes law.
*Unions oppose private piers at Ashdod, Haifa. *Israel's smallest port privatised in February. TEL AVIV, May 16- Israel is betting its economic future on high-tech exports but faces a low-tech bottleneck in state-owned seaports subject to work stoppages and slowdowns because of the enormous strength of their unions.
*Fire on April 15 caused by high-voltage cable. LONDON/ NEW YORK, May 15- Angola's hopes of becoming this year's only major new liquefied natural gas supplier suffered another setback in April after fire occurred at its plant just hours before production was to begin.
*Batam Island route follows use of Labuan, Malaysia. LONDON, May 9- Iran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western sanctions, according to shipping data and industry sources.
ROME, May 8- At least three people were killed and six injured when a container ship rammed a control tower in the northern Italian port city of Genoa late on Tuesday, harbour officials quoted on local television said. "It is a terrible tragedy," the head of the Genoa Port Authority Luigi Merlo told local Genoa television station Primocanale. "
*Iran reliant on shipping for many imports. Feeder services, which transport ship containers to Iran especially from larger ports in the United Arab Emirates, are also used.
Fitch Ratings has assigned Far-East Capital Limited S.A.' s USD500m 8% notes due 2018 and USD300m 8.75% notes due 2020 a final senior unsecured rating of' B+' with a Recovery Rating of' RR4'. The notes are guaranteed by the majority of the operating subsidiaries of the Far-East Shipping Company PLC.
LONDON, May 07 Fitch Ratings has assigned Far-East Capital Limited S.A.' s USD500m 8% notes due 2018 and USD300m 8.75% notes due 2020 a final senior unsecured rating of' B+' with a Recovery Rating of' RR4'. The notes are guaranteed by the majority of the operating subsidiaries of the Far-East Shipping Company PLC.
*Forties bid at dated Brent plus 20 cents. LONDON, May 7- North Sea Forties crude price differentials firmed on Tuesday after the emergence of slightly tighter loading programmes for June compared with May.
PERTH, May 7- Grappling with soaring costs tied to constructing onshore gas plants, a growing number of energy firms are pledging tens of billions of dollars to build the world's biggest floating structures to exploit offshore gas fields.
HONG KONG, May 6- China Shipping Container Lines Co Limited, an international shipping and transportation company, has purchased five vessels from Korea's Hyundai Heavy Industries Co Limited, to boost the competitiveness of the group's fleet.
SEOUL, May 6- Hyundai Heavy Industries Co Ltd. has won a $700 million order from China Shipping Container Lines Co Ltd to build five 18,400 twenty-foot equivalent unit container vessels, it said on Monday. The South Korean shipbuilder said in a statement it plans to hand over the vessels starting in the second half of 2014..
PARIS, May 4- France's government dismissed a call to nationalise the Saint-Nazaire shipyard on Saturday but said it was committed to the survival of the facility after a South Korean shareholder threatened to sell its stake.
PARIS, May 4- France dismissed on Saturday calls to nationalise the Saint-Nazaire shipyard in the western part of the country after South Korea's STX Offshore& Shipbuilding. The group, which has been hurt by a downturn in the global shipping industry since the financial crisis, is also mulling the sale of shipyards in Finland and China.
SEOUL, May 3- South Korea's STX Offshore& Shipbuilding Co Ltd said on Friday it is considering the sale of shipyards in France, Finland and China as STX Group looks to address its mounting debt.
*Forties bid up to dated Brent plus 25 cents. LONDON, May 3- North Sea Forties crude price differentials firmed on Friday as a second May cargo had its loading dates pushed back following an outage at the key Buzzard oilfield on Monday.
The law generally requires that the maritime transport of cargo between points in the United States be carried by U.S.-flagged vessels that are at least 75 percent owned and crewed by U.S. citizens, with U.S. officers and built in U.S. shipyards.
*More crude sailing from US Gulf Coast to Canada. NEW YORK/ LONDON, May 1- Oil traders including commodities giant Trafigura and Australian bank Macquarie have quietly begun shipping U.S. crude oil from Texas to Canada, raising the ire of U.S. East Coast refiners who may pay four times as much for a similar voyage.
April 30- Great Eastern Shipping Co Ltd:. *Says to sell Jag Leela Aframax crude carrier; delivery in Q1 FY 2014. *Source text:* Further company coverage.