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Transportation Marine

  • SEOUL, June 23- Korea Gas Corp will early next month receive its first liquefied natural gas cargo under a long-term supply deal with U.S. exporter Cheniere Energy, two sources at the South Korean company said on Friday. The 74,000- tonne LNG cargo was loaded from Cheniere's Sabine Pass export terminal in Louisiana and is scheduled to arrive at the port of...

  • DETROIT, June 19- United Parcel Service Inc said on Monday it will levy surcharges on U.S. residential packages during its crucial peak holiday season this year as it seeks to combat the spiraling costs of delivering e-commerce packages. Atlanta- based UPS, the world's largest shipping company, said residential packages, large packages and those exceeding...

  • *Crude being stored in old tankers around Singapore, Malaysia. SINGAPORE, June 16- Traders are increasingly storing oil in aging supertankers in Southeast Asia as they grapple with a supply overhang that has left the system clogged with unneeded fuel despite an OPEC- led drive to cut production to prop up prices. These vessels are in addition to around 30...

  • *Crude being stored in old tankers around Singapore, Malaysia. SINGAPORE, June 16- Traders are increasingly storing oil in ageing supertankers in Southeast Asia as they grapple with a supply overhang that has left the system clogged with unneeded fuel despite an OPEC- led drive to cut production to prop up prices. These vessels are in addition to around 30...

  • ATHENS, Greece— Greek authorities say a cargo ship carrying vehicles has caught fire off the island of Rhodes but none of the 32 people on board are in immediate danger. The Merchant Marine Ministry says the blaze broke out Thursday on the Cypriot-flagged Med Star as it was sailing two nautical miles off Rhodes in the Aegean Sea. The ministry said a rescue...

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • CAPE TOWN, June 15- A South African court ruled on Thursday that a seized ship carrying a Moroccan cargo of phosphate from the disputed Western Sahara should remain in port until the case goes to trial or security is posted, a lawyer for the Polisario independence movement said. The Polisario Front alleges the 50,000 tonne shipment en route to New Zealand was...

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  • ATHENS, June 12- Piraeus Port, operator of Greece's biggest port and majority-owned by China's COSCO Shipping, has agreed to team up with the operator of Shanghai port, the world's largest container port, to promote container shipping traffic. Piraeus, COSCO Shipping and Shanghai International Port Group have agreed to cooperate in project planning, staff...

  • *UAE, Saudi Arabia are vital trade routes for Qatar. DOHA/ LONDON, June 12- Qatar and container lines have launched new shipping services via Oman in an effort to sidestep a port ban in neighbouring countries and secure a food lifeline after other Gulf states severed ties with Doha last week. Saudi Arabia, the United Arab Emirates and some other Arab countries cut...

  • LONDON, June 12- Swiss-based MSC will offer a new shipping service to Qatar from Oman, the worlds No.2 container shipping line said on Monday, a week after Gulf states imposed port and trade restrictions on Doha.

  • *UAE bans ships that have called on Qatar. SINGAPORE, June 12- The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emirates banned vessels that previously called at Qatar from docking at UAE ports, multiple sources from the oil and shipping sectors said on Monday. After Saudi Arabia, the UAE, Egypt and others last week severed...

  • DOHA, Qatar— Qatar said Monday it had begun shipping cargo through Oman to bypass Gulf countries that have cut off sea routes to the tiny, energy-rich nation, the latest move by Doha to show it can survive a diplomatic dispute with its neighbors. Typically, cargo for Qatar stops at Dubai's massive deep-water Jebel Ali port or in the Emirati capital of Abu Dhabi, then...

  • MEXICO CITY, June 9- Seven shipping companies operating in Mexico have been fined for causing a rise in prices after colluding on routes in the auto transport services market, Mexico's antitrust agency COFECE said in statement on Friday. COFECE said it had levied fines totaling about 582 million pesos covering nine separate agreements in force between 2009...

  • RABAT, June 8- A Panama court dismissed a case by the Western Sahara Polisario independence movement to block a Moroccan shipment of phosphate in Panama saying there was no evidence the cargo belonged to the group, the Moroccan phosphate producer said on Thursday. Polisario in May filed a claim to hold the Danish charter vessel Ultra Innovation, carrying 55,000...

  • LONDON, June 8- The escalating diplomatic conflict between Qatar and several of its Middle East neighbours has roiled the liquefied natural gas trade, causing at least one tanker to change course and UK gas prices to spike. Saudi Arabia, the United Arab Emirates, Egypt and others this week severed diplomatic and transport links with Qatar, the world's biggest LNG...