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
OSLO, March 12- A Chinese shipping firm is planning the country's first commercial voyage through a shortcut across the Arctic Ocean to the United States and Europe in 2013, a leading Chinese scientist said on Tuesday. The distance from Shanghai to Hamburg is 2,800 nautical miles shorter via the Arctic than via the Suez Canal, Yang said.
*Gasoil deliveries to Syria top $100 mln in February. LONDON, March 12- Syria is back on the oil trading map this year with more than a dozen shipments of gasoil reaching a government-controlled port in February, ending months of isolation as foreign sellers and officials say it is not their job to monitor private deals.
*Libra eyes more investments in Greece. LONDON, March 7- Investor interest and confidence is returning to Greece as the threat of a euro zone exit fades, says international conglomerate Libra Group, which has its origins in Greek shipping and is expanding its business in the country.
LONDON, Feb 29- Cargill made its first grain shipment using an electronic freight document this week as the U.S. agribusiness group seeks to cut paper documentation and speed up the processing of deals, the officials involved said. Port of Houston to Veracruz, Mexico on the dry bulk vessel UBC Bremen, the company said.
NEW DELHI, March 1- India's Mercator Lines has stopped offering a ship for transporting Iranian oil to India due to U.S. political pressure, industry and shipping sources said, adding to obstacles Iran faces in exporting its crude.
*Greek owner of eight ships denies any dealings with Iran. LONDON, Feb 26- Iran is using old tankers, saved from the scrapyard by foreign middlemen, to ship out oil to China in ways that avoid Western sanctions, say officials involved with sanctions who showed Reuters corroborating documents.
*2012 net profit $4.04 bln vs forecast $3.73 bln. The Danish group, a bellwether for global trade as its vessels make up 14 percent of world container shipping capacity, said on Friday its net profit rose 20 percent to $4.04 billion last year, after it successfully raised freight prices.
PARIS, Feb 12- CMA CGM, the world's third-largest container shipping firm, has sealed a debt restructuring deal with its banks as part of efforts to strengthen its finances, the French group said on Tuesday.
*Iran's tanker fleet getting round restrictions. LONDON, Feb 5- Iran has taken delivery of several new tankers from Chinese shipyards, giving it greater flexibility in maintaining oil exports in the face of Western sanctions.
*Egypt relies on canal as a foreign currency earner. LONDON, Feb 4- The decision by Egypt's Suez Canal Authority to raise toll fees could force ship owners, already battling a deep slump in their sector, to re-route vessels around the Cape of Good Hope, a major industry association said.
*S.Korea must cut further to offset Samsung Total deal with Iran- State Dept official. SINGAPORE, Feb 1- The United States will target companies that help disguise Iranian oil shipments to skirt Western sanctions, a State Department official said, as Washington steps up the pressure on Tehran to abandon its nuclear programme.
LAUNCESTON, Australia, Jan 31- Iran appears to have scored a victory in its cat and mouse battle with the West, with oil exports rising in December to the highest since European sanctions took effect. Much of Iran's success has been due to its ability to maintain shipments to two of its largest Asian customers, namely China and India.
GENEVA/ DUBAI, Jan 30- Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member dodge sanctions.
*Dry weather in Argentina, rain in Brazil among concerns. HAMBURG/ SINGAPORE, Jan 30- U.S. soybean futures rose for a fourth straight session on Wednesday with prices underpinned by drought fears in top exporter Argentina and concerns that rain will delay Brazil's crop.
CHENNAI, India, Jan 30- The eight Indian crew members on board the MV Amina had no inkling they were trapped on the frontline of the West's economic war against Iran. Within months, they were caught up in a fight to prevent the ship fleeing to international waters to escape port arrest in Sri Lanka.
ABOARD RMS QUEEN MARY 2, Jan 29- Egypt's army stepped forward on Tuesday from its new place in the shadows of the fledgling democracy and pledged to defend the state after a week of bloody street violence in cities along the Suez Canal.
*Barges strike bridge near Vicksburg on Sunday, spill oil. Jan 28- More than 300 barges were awaiting passage through a closed section of the Mississippi River near Vicksburg, Mississippi, on Monday, a day after two tanker barges struck a railroad bridge and one leaked an unknown amount of oil into the river.
Thawing sea ice caused by global warming has attracted energy companies to drill in the Arctic Ocean, an area mostly north of Russia containing 25 percent of the world's untapped hydrocarbons, according to estimates.
*Second ship sought by DVB Bank fled from Sri Lanka. LONDON, Jan 25- Germany's DVB Bank is holding an Iranian-owned dry bulk ship in China over debt payment claims, a senior bank official said on Friday, in a sign of growing pressure faced by Iran's fleet on top of Western sanctions.
*Transport fuel demand falling in OECD countries- BP. *Other fuels to steal third of transport sector growth- BP. International oil company BP predicts worldwide oil demand growth of just 0.8 percent a year up to 2030- slower than for any other energy type and only half the projected total energy demand growth rate over the same period.