The company and federal prosecutors wanted to proceed immediately with sentencing, with both sides agreeing Matson would pay a $400,000 fine and give $600,000 to environmental organizations. Each count carries a maximum fine of $200,000, and Matson has agreed to pay $400,000 for both. Matson said in a statement earlier this week that as part of a plea...» Read More
Sept 16- FedEx Corp, the world's No.2 package delivery company, said it would increase shipping rates for its express, ground and freight services, effective Jan. 5, 2015. The rate change applies to FedEx freight shipments within the United States, Canada and Mexico as well as between the U.S. and Canada and between the U.S. and Mexico, FedEx said.
PARIS/ LONDON, Sept 9- French container shipping group CMA CGM has sealed an alliance with two rivals after a failed attempt to partner with bigger peers Maersk and Switzerland's MSC, vetoed by China earlier this year due to competition concerns. CMA CGM said the new alliance would cover routes between Asia and Europe, as well as Asia and North America.
PARIS/ LONDON, Sept 9- French container shipping group CMA CGM has sealed an alliance with two rivals after a failed attempt to partner with bigger peers Maersk and Switzerland's MSC, vetoed by China earlier this year due to competition concerns.
PARIS, Sept 9- France's CMA CGM, the world's third-largest container shipping firm, said on Tuesday it has signed agreements with China Shipping Container Lines and United Arab Shipping Company to share services on routes to and from Asia.
LONDON, Sept 8- A Chinese trading firm has booked the world's largest super-tanker to store crude at sea, adding to a growing flotilla of vessels used for floating storage as benchmark oil prices slip below $100 a barrel.
HOUSTON, Sept 5- Iraq has refiled in U.S. court to gain control of $100 million of Kurdish crude oil on a tanker near Texas, days after the court ruled it lacked jurisdiction to seize the cargo but said it could hear arguments over who is the oil's rightful owner.
HOUSTON, Sept 5- Iraq has refiled a suit in U.S. court in a bid to gain control of some 1 million barrels of disputed Kurdish crude oil on a tanker near Texas, days after the court said it lacked jurisdiction to have the cargo seized but that it could hear arguments about who is the oil's rightful owner.
SINGAPORE, Sept 5- U.S. crude edged higher on Friday on falling inventories in the United States, but gains were limited by a stronger dollar. *U.S. crude for October delivery was trading 15 cents higher at $94.60 a barrel by 0043 GMT. *Brent crude was down 1 cent at $101.82 a barrel, after settling 94 cents lower.
SINGAPORE, Sept 3- U.S. crude oil futures rebounded slightly in early Asian trade on Wednesday, supported by encouraging manufacturing data in the United States. Benchmarks on both sides of the Atlantic plummeted in the previous session on a stronger dollar and the prospects of slowing oil demand growth in China and Europe.
HOUSTON, Aug 25- A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse.
NEW YORK, Aug 25- A tanker carrying 300,000 barrels of Kurdish crude oil has changed its destination to Limassol, Cyprus, as it returned from the United States without delivering its disputed cargo to a New Jersey refiner.
SINGAPORE, Aug 22- Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood of supply from the shale boom to replace costlier naphtha as a raw material.
LONDON, Aug 20- Oil traders have begun fixing tankers to take North Sea, West African and Arab crudes to South Africa for storage, hoping for a repeat of the multi-million dollar bonanza they reaped in 2008-2009..
BENGHAZI, Libya, Aug 20- Libya has restarted oil exports from its biggest port for the first time since the end of a year-long blockade, a boost to the central government which is struggling with a wave of clashes in the capital. A tanker has docked at Es Sider and begun loading 600,000 barrels of oil, said Mohamed El Harari, spokesman for state-run National Oil Corp.
NEW YORK, Aug 20- As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that makes it three times more expensive to ship by water between U.S. ports than to sail to a foreign port.
COPENHAGEN, Aug 19- Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110- year history on Tuesday as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest.
LONDON, Aug 15- Iraqi Kurdistan has delivered its third major cargo of crude oil out of a Turkish port and a fourth is sailing to Croatia, showing the autonomous region is finding more buyers despite legal pressure from Baghdad and setbacks in the United States.
*Panamax freight rates from U.S. to Asia rise. NEW YORK/ SINGAPORE, Aug 13- Asian buyers of ultra light oil from the United States are struggling to find small-sized ships willing to undertake the month-long voyage at affordable rates as U.S.- Asia oil trade flows grow. "Why would you want to send a Panamax to Asia?
Aug 7- Cargill Inc, a top global commodities trader, said on Thursday its quarterly earnings fell as drought limited farm services opportunities in the United States and due to a loss stemming from the drop in the value of Venezuela's currency. Plains states, which have similarly impacted rival agribusinesses Archer Daniels Midland Co and Bunge Ltd..
*China and India still top buyers of Iran's oil. LONDON, Aug 6- Iran's oil exports slipped for a second month in July, yet sales remained above the limit set by the West under an interim deal aimed at curbing Iran's nuclear program, according to sources who track tanker shipments.