GO
Loading...

Marine

More

  • *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...

  • *China crude imports likely hit record in December. NEW YORK, Jan 8- Global oil prices were little changed for a second straight day on Thursday after better-than-expected U.S. jobs data helped the market hold ground after a 10 percent loss earlier in the week. "I think there is selling fatigue and that's why you're seeing some short covering," said John Kilduff,...

  • *China crude imports likely hit record in December. NEW YORK, Jan 8- Global oil prices perked slightly for a second straight day on Thursday after better-than-expected U.S. jobs data helped the market hold ground after a 10 percent loss earlier in the week. "I think there is selling fatigue and that's why you're seeing some short covering," said John Kilduff, partner...

  • *China crude imports likely hit record in December. NEW YORK, Jan 8- Global oil prices were little changed on Thursday, with better-than-expected U.S. jobs and other data helping the market hold steady after recovering from a four-day losing streak a day earlier. "I think there is selling fatigue and that's why you're seeing some short covering," said John Kilduff,...

  • LONDON, Jan 8- Some of the world's largest oil traders have this week hired supertankers to store crude at sea, marking a milestone in the build-up of the global glut. The price of Brent crude is now around $8 a barrel higher for delivery at the end of 2015, with its premium rising sharply over spot prices this week due to forecasts for a large surplus in the first half...

  • NEW YORK, Dec 31- Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas. It was the refiner's first imports from Mexico since 2009, the furthest the data go back. Monroe has received two more...

  • LOS ANGELES, Dec 29- Brushing aside calls for federal mediation in prolonged contact talks with employers at 29 U.S. West Coast ports, the union for 20,000 dockworkers urged shipping executives on management's board of directors to take a more active part in negotiations. The Pacific Maritime Association, representing shipping lines and terminal operators...

  • CHICAGO, Dec 29- United Parcel Service Inc and FedEx Corp are rolling out new pricing systems to curb online retailers' large package sizes, but industry experts warn many small firms are unprepared and could pay up to 50 percent more for shipping. Memphis- based FedEx will roll out the same change on Jan 5. UPS and FedEx announced the change in May and have worked to...

  • Shanghai shares ease off 4-year intraday peak, HK gains Thursday, 18 Dec 2014 | 11:44 PM ET

    *Hong Kong positive on Fed "patient" stance on rates. BEIJING, Dec 19- Shanghai shares retreated from their highest intraday level in four years on Friday, while Hong Kong stocks rallied for a second day on positive global sentiment. China COSCO China Shipping Development, China Shipping Container Lines and China Merchants Energy Shipping jumped by their 10 pct...

  • Officials from the Pacific Maritime Association and the International Longshore and Warehouse Union resumed negotiations on Thursday morning at the San Francisco headquarters of the association, said Craig Merrilees, a spokesman for the union. The waterfront cargo slowdowns have coincided with prolonged labor talks between 20,000 dockworkers and the...

  • LOS ANGELES, Dec 17- Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports remain far from a deal with union dockworkers after seven months of contract talks, the companies said on Wednesday, again blaming the union for waterfront cargo slowdowns. The Pacific Maritime Association statement came a day before the companies were slated...

  • Transpacific container shippers plan freight rate rise Wednesday, 17 Dec 2014 | 3:28 PM ET

    COPENHAGEN, Dec 17- A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40- foot container from Jan. 15, corresponding to an increase of 26.6 percent from the current level. The organisation also said container shipping companies should reinstate a $400 per FEU peak season surcharge ahead of the...

  • LOS ANGELES, Dec 15- The union for 20,000 dockworkers and a group of their employers at 29 U.S. West Coast ports say they are making slow but steady progress in months-long contract talks seen by the shipping industry as a contributing factor in chronic cargo backups. The International Longshore and Warehouse Union and the Pacific Maritime Association,...

  • WASHINGTON/ OTTAWA, Dec 11- Top transportation officials from Canada and the United States are due to meet next week to hash out differences about safety regulations for trains that carry oil, sources familiar with the planned meeting said on Thursday. That crash involved old-style DOT-111 tanker cars that Canada wants taken off the tracks by May 2017.

  • SANTIAGO, Dec 4- In an industry where size matters, German container shipping group Hapag-Lloyd, which is merging with Chile's Compania Sud Americana de Vapores, will consider adding mega container ships to its fleet to boost competitiveness. Earlier this week, the companies received the last outstanding regulatory approvals for the merger, clearing the way...

  • LONDON, Nov 19- ICAP's shipping business is in merger talks with rival shipbroker Howe Robinson, the latest potential tie-up among sector players looking for scale after years of freight market turmoil. ICAP, the world's largest interdealer broker, said in a joint announcement on Wednesday with Howe Robinson, one of the world's oldest shipbrokers founded in...

  • CHONGQING, China, Nov 7- Paint inspired by the skin of a tuna fish and automated drone ships that don't need crews: such ideas could revolutionise the next generation of ocean vessels as the shipping sector looks to cut costs and tackle pollution. Faced with new environmental rules and the need to cap operating costs as profits slide, shippers are renewing their...

  • LONDON, Nov 6- Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions, increasing transport costs for the frontier sector. Sanctions imposed on Russia by the United States and European Union over Ukraine have targeted the...