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  • LOS ANGELES, Feb 9- U.S. West Coast port operations resumed in full on Monday after shipping companies suspended loading and unloading of freighters for the weekend, citing chronic cargo backups the shippers and dockworkers have blamed on each other during months of labor tensions. The companies, represented by the Pacific Maritime Association, have accused...

  • LOS ANGELES, Feb 6- Cargo freighter loading and unloading operations will be suspended at U.S. However, the Pacific Maritime Association said terminal yard, rail and gate operations at the ports, which handle nearly half of U.S. maritime trade and more than 70 percent of imports from Asia, would go on at the discretion of terminal operators through the weekend, the...

  • SHIPPERS SUSPEND WEEKEND CARGO VESSEL LOADING AND UNLOADING OPERATIONS AT U.S.

  • Oil tankers run gauntlet in Nigeria's "pirate alley" Thursday, 5 Feb 2015 | 11:35 AM ET

    LONDON, Feb 5- A pirate attack that killed a supertanker crewman off the coast of Nigeria this week has highlighted a growing threat off oil-rich West Africa, as vessels carrying millions of barrels of crude traverse a region that has become known as "pirate alley". Security experts say the waters off Nigeria are now the deadliest on earth, surpassing Somalia on...

  • LOS ANGELES, Feb 4- The chief labor negotiator for shippers and terminal operators at 29 U.S. West Coast ports raised the ante in contract talks with the dockworkers' union on Wednesday, warning that ports plagued by chronic cargo slowdowns were days away from complete gridlock. The companies have repeatedly accused the International Longshore and Warehouse...

  • PORTLAND, Maine, Feb 4- Eastern Canada has joined a race to export North America's vast natural gas riches to energy-hungry markets overseas, with four projects betting the far-flung Atlantic provinces will be the easiest route to Europe and India. Together, the four projects proposed for New Brunswick and Nova Scotia would take an estimated 1.5 trillion cubic...

  • Iranian fuel oil exports trade skirts sanctions Tuesday, 3 Feb 2015 | 11:34 AM ET

    DUBAI, Feb 3- Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the U.S.-allied United Arab Emirates, trading sources told Reuters. But Tehran has been using innovative methods to circumvent the restrictions, several Middle East- based trading sources said.

  • LONDON/ ATHENS, Jan 30- While Greece's new leftist government seems set on a collision course with the European Union, it is likely to steer clear of confronting the country's critical shipping industry. The Syriza party of Prime Minister Alexis Tsipras, which swept to power last Sunday, once promised to take on shipowners and their generous tax allowances.

  • RIO DE JANEIRO, Jan 29- Brazilian miner Vale's mega-ships have been able to dock at five ports in China, the firm's head of investor relations said on Thursday, as a ban that had been in place since 2012 is relaxed. In 2012, China's Ministry of Transport banned the ships from the country's ports, citing safety concerns. A month later, one of the ships docked at a port in...

  • LONDON, Jan 29- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, spiralled downwards to its lowest level in nearly three decades as rates for all the four vessel types continued to flounder. "Dry bulk remains under pressure across all segments on the back of very thin spot demand," Omar Nokta of Clarkson...

  • 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...

  • 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...