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Transportation Marine


  • *Number of ship attacks in Asia is rising- ReCAAP. KUALA LUMPUR/ SINGAPORE, June 15- A small oil tanker was hijacked off the southeast coast of Malaysia over the weekend in the second such incident in the same area this month, raising further concerns over piracy in Southeast Asia, maritime officials said on Monday. The Malaysian Maritime Enforcement Agency said the...

  • *Togo carves out role as West African transit hub. LOME, June 11- The scale of Togo's ambition is clear as you fly into the capital, Lome. President Faure Gnassingbe, scion of a dynasty that has ruled Togo for nearly half a century, is modeling his country on Singapore or Dubai.

  • SHANGHAI/ TIANJIN/ SINGAPORE, June 10- A subsidiary of China's Tianjin port said some iron ore stored in a private warehouse had been illegally released by an undisclosed agent and trading firm. Oversight of China's ports has been under scrutiny since a scandal last year at Qingdao port involving commodity financing where a private trading firm is alleged to...

  • LONDON, June 4- Physical oil is coming under pressure as trade houses unwind a profitable storage play after several months that saw them holding millions of barrels on tankers at sea. A drop in the volume of crude stored for speculative profit is putting more supply into an already saturated market, elbowing out new loadings leading to a build-up of unsold West...

  • SAN FRANCISCO, June 2- Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which...

  • Homeless Atlantic oil cargoes deepen global glut Monday, 1 Jun 2015 | 1:00 AM ET

    *WAF, North Sea differentials hit multi-year lows. LONDON, June 1- A shadowy build up of oil has intensified in the Atlantic Basin with homeless cargoes of crude turning into unintentional floating storage- another sign the global surplus has some way to go before clearing. Off the coast of West Africa and in the waters of the North Sea, vessels holding millions of...

  • US labor secretary jumps into West Coast port fray Saturday, 14 Feb 2015 | 4:48 PM ET
    Ships gather off the ports of Los Angeles and Long Beach, California in this aerial photo taken February 6, 2015.

    Labor Secretary Tom Perez will travel to California to help broker a deal between shipping companies and dockworkers in the West Coast port fight.

  • A once-sunk industry floats again Saturday, 5 Jul 2014 | 7:00 AM ET

    The recession took the boating industry from 400,000 new yearly registrations to less than 200,000. Now it is floating again.

  • Lloyd's of London: Marine still strong in Asia Wednesday, 6 Nov 2013 | 7:12 PM ET
    Lloyd's of London: Marine still strong in Asia

    John Nelson, Chairman of Lloyd's of London describes that while it has diversified from marine insurance, it still remains significant in Asia.

  • Marine Wire Story Sunday, 1 Dec 2002 | 12:00 AM ET