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  • The proposal follows the rejection in June of a larger planned venture involving Maersk, MSC and France's CMA CGM by China's Ministry of Commerce on competition grounds. The approval will come into force on Saturday, Richard Lidinsky Jr, Federal Maritime Commission commissioner, told Reuters. The two shippers still need to win over regulators in Europe and...

  • The tie-up was approved after four out of five commissioners at the Federal Maritime Commission voted not to seek further information from the two shippers about the impact of the alliance on exporters and ports. The U.S. approval will come into force on Saturday, Richard Lidinisky Jr, Federal Maritime Commission commissioner, told Reuters.

  • LONDON, Oct 8- Brent crude oil fell to a fresh 27- month low under $91 a barrel on Wednesday as gloomy economic growth forecasts prompted concerns about global oil demand and U.S. inventory data confirmed abundant supply. Brent for November was down $1.30 at $90.81 by 1442 GMT, after hitting $90.57 earlier in the session, its lowest price since June 2012.

  • LONDON, Oct 8- Brent crude oil dipped below $91 a barrel on Wednesday to its lowest since June 2012 as lower economic growth forecasts raised new concerns about global oil demand at a time of abundant supply. The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone...

  • OTTAWA, Oct 7-- Canada will have trouble ensuring marine safety in the Arctic as climate change melts the sea ice and shipping increases, Parliament's environmental watchdog said on Tuesday. Gelfand said many high-risk areas in the Arctic had been inadequately surveyed. She also found the Coast Guard had done little to improve aids to navigation and was cutting...

  • COPENHAGEN, Oct 7- Piracy will increase in the Gulf of Guinea as Nigeria prepares for an election next February in order to funnel ransom money into campaign financing, intelligence experts told a shipping conference in Copenhagen on Tuesday. General elections are expected to take place also in Togo, Burkina Faso and the Ivory Coast, all close to the Gulf of...

  • *1st export of Alaskan crude to South Korea in more than a decade. NEW YORK/ SEOUL, Sept 30- The first U.S. export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers.

  • *1st export of Alaskan crude to South Korea in more than a decade. NEW YORK/ SEOUL, Sept 30- The first U.S. export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers.

  • CHICAGO, Sept 25- With a record U.S. harvest just coming in, the river transportation system that is at the heart of the nation's farm economy is overstrained by rising demand for shipping capacity, a low barge inventory, and a dilapidated lock system.

  • TOBRUK/ LONDON, Sept 23- Food prices have risen in Libya as payments problems, fighting and a breakdown in authority disrupt the usual import routes as the country spins out of control three years after the ousting of Muammar Gaddafi.

  • OTTAWA, Sept 22- The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for maritime oil spills, a government official said.

  • OTTAWA, Sept 22- The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of special fund similar to one once set up for maritime oil spills, a government official said.

  • *Sellers say holding talks with China on Kurdish oil sales. *A China deal could hurt Baghdad's efforts to halt trades.

  • NEW YORK, Sept 17- Houston- based logistic firm Buckeye Partners has spent more than $3.5 billion buying assets since 2010, transforming itself from a quiet regional pipeline utility into an emerging energy powerhouse.

  • FedEx units to raise shipping rates from January Tuesday, 16 Sep 2014 | 5:34 PM ET

    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.