×

Transportation Marine

  • *EU, China already pushing for stricter regulation, sooner. SINGAPORE, Oct 4- The global shipping industry is bracing for a key regulatory decision that could mark a milestone in reducing maritime pollution, but which could nearly double fuel costs in a sector already reeling from its worst downturn in decades. To combat such pollution, the International...

  • *EU, China already pushing for stricter regulation, sooner. SINGAPORE, Oct 4- The global shipping industry is bracing for a key regulatory decision that could mark a milestone in reducing maritime pollution, but which could nearly double fuel costs in a sector already reeling from its worst downturn in decades. To combat such pollution, the International...

  • COPENHAGEN, Oct 27- The Panama Canal is likely to attract up to 15 percent more tonnage next year after an upgrade which means it can now accommodate gas tankers previously too large to transit, its operator said on Thursday. The expanded canal opened in June, fitted with new locks that allow ships three times bigger than previously to pass through.

  • Oct 28- Growing financial troubles for Venezuela's PDVSA have started to snarl its logistics and operations in the Caribbean, where unpaid bills have frustrated suppliers and business partners. The vessel, which has been unable to discharge 520,000 barrels of fuel oil from Isla refinery, has been anchored in the Caribbean sea for more than a month.

  • HOUSTON, Oct 28- Unpaid debts and broken promises are making Venezuelan oil giant PDVSA an outcast in several Caribbean countries where it had been a guest of honor. Business partners in the island nations of Curacao, Bonaire, Jamaica and the Bahamas are turning away from the firm as debts pile up to tugboat operators, ship brokers, maritime agencies and terminal...

  • VANCOUVER, Oct 27- A container vessel that spent months sitting off Canada's west coast due to the collapse of South Korea shipping company Hanjin docked in Vancouver on Thursday, according to union officials and ship tracking data. The vessel, with nearly 800 containers on board, had been sitting some 45 km outside Prince Rupert for several months, said Peter...

  • VANCOUVER, Oct 27- A container vessel that spent months sitting off Canada's west coast due to the collapse of a major South Korea shipping company is set to dock in Vancouver on Thursday, port and union officials said. The Hanjin Scarlet, with nearly 800 containers on board, has been sitting some 45 km outside of Prince Rupert for several months, said Peter Lahay, an...

  • *Move seen adding $35- 40 bln of costs in container shipping. LONDON, Oct 27- The United Nations' shipping agency set global regulations on Thursday to limit the amount of sulphur emissions from vessels and said they would come into force from 2020.. A session of the International Maritime Organization's Marine Environment Protection Committee in London set the...

  • *Move seen adding $35- 40 bln of costs in container shipping. LONDON, Oct 27- The United Nations' shipping agency set global regulations on Thursday to limit the amount of sulfur emissions from vessels and said they would come into force from 2020.. A session of the International Maritime Organization's Marine Environment Protection Committee in London set the...

  • COPENHAGEN, Oct 27- The Panama Canal is likely to attract up to 15 percent more tonnage next year after an upgrade which means it can now accommodate gas tankers previously too large to transit, its operator said on Thursday. The expanded canal opened in June, fitted with new locks that allow ships three times bigger than previously to pass through.

  • COPENHAGEN Oct 27- Container shipping firm Islamic Republic of Iran Shipping Lines expects to have regained by the middle of next year the business lost while Iran was subject to international sanctions, its chairman said on Thursday. International sanctions were lifted in January following an agreement with world powers on Tehran's disputed nuclear...

  • SINGAPORE, Oct 27- Global efforts to cut carbon dioxide emissions will be key for the adoption of liquefied natural gas as a marine fuel, German shipowner and ship-management firm Bernhard Schulte said. Shipping emits around 1 billion tonnes of carbon dioxide, accounting for about 2.5 percent of global greenhouse gas emissions, but this can be cut by about 75...

  • COPENHAGEN, Oct 26- Other container shipping firms may join Hanjin Shipping Co Ltd in receivership before the industry emerges from its current shakeout, the vice chairman of world number three player CMA CGM said on Wednesday. South Korea's Hanjin filed for protection from creditors in late August, stranding $14 billion in cargo and sending shockwaves...

  • *Egypt short for dollars, container shippers in downturn. COPENHAGEN, Oct 25- Egypt is in talks with global shipping firms to change the way it charges vessels to pass through the Suez Canal, offering discounts for advance payments as it seeks to raise much-needed hard currency from a struggling industry. Egypt aims to double its revenue from the Canal by 2023 with...

  • *Iran insurance market $9 bln, may double in next decade. LONDON, Oct 21- Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions ten months on from the lifting of international sanctions. Shut out of international financial markets for years,...

  • *Hanjin owns 54 pct of Long Beach Terminal operator. SEOUL, Oct 21- Hanjin Shipping Co Ltd is in talks to sell its stake in the Long Beach Terminal in California to Geneva- based Mediterranean Shipping Company S.A., a spokesman for the Seoul court overseeing the shipper's receivership said on Friday. Hanjin Shipping owns a 54 percent stake in Total Terminals...

  • DETROIT, Oct 20- Union Pacific Corp reported a lower-than-expected quarterly profit as freight volumes declined and it forecast a further drop in the current period due partly to the strong U.S. dollar and soft demand for consumer goods. "The macroeconomic environment still has its challenges- an unstable global economy, the relatively strong U.S. dollar, and...

  • DETROIT, Oct 20- Union Pacific Corp reported a lower-than-expected quarterly profit as freight volumes declined and forecast a drop in the current period due partly to the strong U.S. dollar and soft demand for consumer goods. "The macroeconomic environment still has its challenges- an unstable global economy, the relatively strong U.S. dollar, and continued...

  • Oct 17- An unmanned Antares rocket owned by Orbital ATK Inc blasted off from Virginia on Monday with a cargo ship for the International Space Station, marking the booster's return to flight two years after a previous version exploded at liftoff. The 14- story-tall rocket, powered by a pair of new Russian-made engines, lifted off from Wallops Island, Virginia, at...

  • Oct 17- An unmanned Antares rocket owned by Orbital ATK Inc blasted off from Virginia on Monday with a cargo ship for the International Space Station, marking the booster's return to flight two years after a previous version exploded during liftoff. The 14- story-tall rocket, powered by a pair of new Russian-made engines, lifted off from Wallops Island, Virginia,...