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  • *A.P. Moller-Maersk raises 2014 outlook after Q1. COPENHAGEN, May 21- Danish shipping and oil group A.P. Moller-Maersk reported first-quarter net profit above forecasts due to a doubling of profit at container shipping business Maersk Line and raised its outlook for the underlying result in 2014..

  • Maersk expects P3 to start operations later than expected Wednesday, 21 May 2014 | 2:45 AM ET

    COPENHAGEN, May 21- Danish shipping and oil group A.P. Moller-Maersk said on Wednesday it expected the so-called P3 container shipping alliance to start operations in autumn and not in the second quarter as previously expected.

  • LONDON, May 20- Global miners and commodity traders are using multiple strategies to lock in favorable rates for shipping costs, anticipating a freight market recovery after years of turmoil.

  • *Baghdad has threatened to sue companies doing trade. LONDON, May 15- Israeli and U.S. oil refineries have joined the growing list of customers for crude from Iraqi Kurdistan, a region locked in a bitter struggle with the central government in Baghdad that says the sales are illegal. Baghdad refuses to sell oil to Israel, echoing other Arab states.

  • FRANKFURT, May 13- German shipping company Hapag-Lloyd's first-quarter loss widened as its revenue declined, hit by tough competition which depressed freight rates and a weak dollar.

  • Payment problems disrupting Iran food deals -sources Saturday, 10 May 2014 | 10:30 PM ET

    LONDON/ ANKARA, May 11- Payment problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as Western banking sanctions complicate deals and trade financiers scale back exposure.

  • *Pvt equity has pumped $32 bln into shipping in past 2 yrs-fund mgr. SINGAPORE, May 9- The shipping industry faces a looming capacity glut as billions of dollars pumped into it by private equity have stoked a vessel-buying spree, threatening its prospects just as the sector is emerging from its worst downturn in three decades.

  • Syria struggling to fill food import needs Tuesday, 6 May 2014 | 11:30 AM ET

    LONDON, May 6- War-torn Syria is struggling to buy food commodities in the quantities it needs, despite repeatedly issuing tenders for hundreds of thousands of tonnes of sugar, rice and wheat, trade sources say.

  • *Germany shipyards' group forecasts rise in new orders. FRANKFURT, May 1- German shipyards expect orders to rise this year as they focus more on high-tech vessels for oil and gas exploration and for installing and servicing offshore wind farms, and as the global shipping industry emerges from a five-year slump.

  • SEOUL, April 30- A culture of cosy personal ties that can blur the lines between businesses and those regulating them, of profit over safety, and soft courts is in focus as South Korea demands answers over the sinking of a ferry with the loss of more than 300 lives, mainly high school students.

  • SINGAPORE, April 24- The next hacker playground: the open seas- and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet.

  • SINGAPORE, April 24- The next hacker playground: the open seas- and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet.

  • CHICAGO, April 22- Two Brazilian soybean cargoes initially sold to China have been switched to the United States, according to port and shipping data updated on Tuesday, the first clear evidence that the U.S. is absorbing some of China's excess Brazilian purchases that were at risk of default.

  • CSX Corp and Norfolk Southern Corp are both trading 15 percent or more below their warranted share price, according to a measure of "intrinsic valuation" tracked by Thomson Reuters StarMine.

  • India cuts Iran oil imports nearly a fifth in 2013/14 Thursday, 17 Apr 2014 | 1:54 AM ET

    *India's 2013/ 14 Iran imports at 222,000 bpd, down 16.5 pct- trade. The Geneva agreement struck between Iran and six world powers in November and implemented for six months from Jan. 20 eased some restriction on Tehran's oil trade in exchange for curbs to its nuclear programme.

  • April 11- Ally Financial Inc wanted the U.S. government sell its entire 36.8 percent stake in the auto lender on Thursday, but the IPO market wouldn't cooperate so it had to settle for less.

  • *Greece sees signs of better times. PIRAEUS, Greece, April 9- Nikos Mavrikos has fired half of his employees since 2010 as the Greek economy imploded, leaving his ship supply business on the verge of collapse. "People are slowly starting to trust Greece again," says Mavrikos, who hopes to take on even more employees soon at his family-owned business.

  • WASHINGTON, April 8- The United States should strengthen a century-old law designed to protect the domestic shipping industry, rather than relax it under pressure from the energy industry, the chair of the Senate Energy Committee said on Tuesday.

  • SHANGHAI, April 7- Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time.

  • OTTAWA, April 3- Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest rail operator said on Thursday.