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  • *Coast Guard says no timeline for reopening Houston Channel. TEXAS CITY, Texas, March 23- The closure of major Texas shipping channels that deliver crude to more than a tenth of the nation's refining capacity looked set to run to a third day as crews were still working on Sunday evening to clean up after an oil spill.

  • This has driven rates on the main routes between Asia and Northern Europe to loss-making levels. The so-called P3 alliance is between the world's three biggest container shipping lines- Maersk Line, a unit of A.P. Moller-Maersk, Switzerland- based MSC Mediterranean Shipping Company and France's CMA CGM.

  • EXCLUSIVE-The mysterious journey of the Libya oil tanker Wednesday, 19 Mar 2014 | 11:01 AM ET

    TRIPOLI/ LONDON, March 19- What began late last year as a routine new assignment for Pakistani sea captain Mirza Noman Baig ended in a dramatic night-time rescue as U.S. special forces seized the ship his family said he was forced to operate by Libyan rebels.

  • *U.S. Navy commandos storm vessel in international waters. President Barack Obama and requested by the Libyan and Cypriot governments, Pentagon Press Secretary John Kirby said. "The Morning Glory is carrying a cargo of oil owned by the Libyan government National Oil Company.

  • Ship glut burdens LNG tanker market, slashes profits Tuesday, 11 Mar 2014 | 10:50 AM ET

    *LNG vessel rates halve to $70,000/ day. LONDON, March 11- Deliveries of new gas tankers have created a glut that is threatening to tip some operators into losses, just as other shipping markets emerge from their worst downturn in decades. Earnings have halved to around $70,000 per day over the past year, leaving only a thin profit margin.

  • *China Feb exports tumble unexpectedly, heighten slowdown fears. SINGAPORE, March 10- Brent futures slipped below $108 a barrel on Monday as data showing an unexpected fall in China's exports added to fears of a slowdown in the world's No. 2 economy, though geopolitical tensions in Ukraine and Libya limited the decline.

  • *China Feb exports tumble unexpectedly, heighten slowdown fears. SINGAPORE, March 10- Brent futures slipped towards $108 a barrel on Monday as data showing an unexpected fall in China's exports added to fears of a slowdown in the world's No. 2 economy, though geopolitical tensions in Ukraine and Libya limited the decline.

  • *China Feb exports tumble unexpectedly, heighten slowdown fears. SINGAPORE, March 10- Brent futures slipped below $109 a barrel on Monday as data showing an unexpected fall in China's exports added to fears of a slowdown in the world's No. 2 economy, though geopolitical tensions in Ukraine and Libya limited the falls.

  • FedEx unit to raise shipping rates Monday, 3 Mar 2014 | 8:39 AM ET

    This rate change applies to eligible FedEx Freight shipments within the United States, between the U.S. and Canada, within Canada, between the U.S. and Mexico, and within Mexico, FedEx said.

  • EDDYSTONE, Pennsylvania, Feb 28- A handful of new East Coast terminals that will pump Bakken and other crude from trains onto barges may end demand for imported light, sweet oil in the U.S.

  • EDDYSTONE, Pennsylvania, Feb 28- A handful of new East Coast terminals that will pump Bakken and other crude from trains onto barges may end demand for imported light, sweet oil in the U.S.

  • LONDON, Feb 27- Iran's oil tanker fleet is gearing up for more business, with some vessels taking to the high seas after over more than a year at home ports, another sign that an easing in Western sanctions is enabling exports to begin to pick up.

  • BEIJING/ NEW DELHI, Feb 21- Iran's top two oil customers China and India have boosted imports in January, taking in close to the total volume the Islamic republic is permitted to sell to all buyers following the recent easing of sanctions.

  • *Adverse weather hits Brazil, Argentina soybean output. CHICAGO, Feb 18- U.S. soybean futures surged to a five-month high on Tuesday on robust demand and concerns about smaller crops in key exporters Brazil and Argentina due to adverse weather.

  • Feb 14- Greece- based chemical transportation company Stalwart Tankers Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock. The company, which operates a fleet of over 1,000 mid-size stainless steel tankers, listed Jefferies LLC, Wells Fargo Securities and Global Hunter Securities as lead underwriters.

  • CALGARY/ TORONTO, Feb 14- Canadian Pacific Railway Ltd is slapping a surcharge on customers who transport crude in older tank cars, following its larger rival in seeking to deter shippers from using the model involved in a series of fiery crashes.

  • *Containers cheap to Asia due to its consumer goods exports. LONDON, Feb 14- Food importers in Asia are switching from dry bulk cargo ships to container vessels, which normally carry goods such as toys and TVs, as they offer a way to import smaller amounts and can be cheaper per tonne.

  • By Vladimir Soldatkin and Gleb Stolyarov. MOSCOW, Feb 12- Russian investment group Summa has bought out the world's largest oil trader as a partner in a firm building a terminal at the Dutch port of Rotterdam, which could damage its plan to establish Urals crude as a market benchmark.

  • Shipping industry sees an end to five-year downturn Thursday, 6 Feb 2014 | 4:00 PM ET

    But tanker rates will also rise as fleet growth is slowing, while strategic oil reserve projects in China and India should boost already solid Asian demand.

  • LONDON, Jan 27- In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and environmental clean up?