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  • *Indonesian, Malaysia, Philippines ministers to meet. JAKARTA, April 21- Indonesia fears piracy on a shipping route along its sea border with the Philippines could reach Somalian levels and has told vessels to avoid danger areas, officials said on Thursday, after a spate of kidnappings. Concerns over maritime attacks by suspected Islamist militants are...

  • FRANKFURT/ LONDON, April 21- Germany's Hapag-Lloyd is in talks to merge with United Arab Shipping Company, the latest move in the container market to battle a faltering global economy and too many ships. Hapag-Lloyd gave no further details of the discussions and said there was no certainty of a deal, which if it comes off is estimated to create a group with a...

  • FRANKFURT, April 21- German container shipping group Hapag-Lloyd is in talks to merge with United Arab Shipping Company in what would be the latest tie-up in an industry hammered by overcapacity and a faltering global economy. France's CMA CGM is in the midst of buying Singapore's Neptune Orient Lines to cement its position as number three behind...

  • BRUSSELS, April 21- French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines is set to be cleared by the European Union's competition regulators, on condition that NOL pulls out from a rival shipping alliance, two people familiar with the matter said on Thursday. CMA CGM's plan to withdraw NOL from the G6 alliance, which competes with its own...

  • *Indonesia, Malaysia, Philippines ministers to meet in Jakarta. JAKARTA, April 21- Indonesia fears piracy on a busy shipping route along its maritime border with the Philippines could hit levels seen in Somalia unless security is tightened, its chief security minister said on Thursday, following a spate of kidnappings. For the first time, concerns over rising...

  • Container shipping has seen route-sharing develop in response to a severe downturn in the market, and a rejigging of alliances had been expected in recent months after COSCO merged with China Shipping Group and CMA CGM agreed to acquire Singapore's Neptune Orient Lines (NOL). CMA CGM is currently part of the "Ocean Three" alliance with China Shipping Group and...

  • Container shipping has seen route-sharing develop in response to a severe downturn in the market, and a rejigging of alliances had been expected in recent months after COSCO merged with China Shipping Group and CMA CGM agreed to acquire Singapore's Neptune Orient Lines. CMA CGM is currently part of the "Ocean Three" alliance with China Shipping Group and...

  • LONDON, April 19- Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes. Tehran is seeking to make up for lost trade to Europe following the lifting of EU sanctions imposed in 2011 and 2012, which deprived it of a market that accounted...

  • *Oman has less time than neighbors to diversify beyond oil. DUQM, Oman, April 19- On a stretch of barren coast 550 km south of the capital Muscat, workers at a ship repair yard swarm over cargo vessels from around the world, labor that will help to determine Oman's fate in an era of cheap oil. But it's at the center of the biggest single economic project in the history of...

  • US to use submarine drones in South China Sea

    The US military is developing underseas drones that can operate in shallow water, unlike manned submarines.

  • LONDON, April 18- Low oil prices are denting the take-up of liquefied natural gas as a cleaner source of energy to power ships, and it will be a few more years yet before the fuel makes serious inroads into the marine bunker market. The low price of oil, which has tumbled as much as 70 percent since mid-2014 and fell to around $40 a barrel on Monday after a producers'...

  • KERCH, Crimea, April 18- A crumbling nineteenth century fortress perched on the edge of a cape in Russian-annexed Crimea is drawing locals to gaze at what some are calling Putin's Bridge: a nascent super structure that will link the peninsula to Russia. "Russia is coming towards us," said Sergei Derbenyov, a 22- year-old businessman from the Crimean city of Kerch,...

  • SINGAPORE, April 18- Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia and Iran were blamed for the failure, which revived industry fears that major...

  • *Singapore marine, offshore engineering output falls to $14.5 bln. SINGAPORE, April 12- Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies. Singapore- listed Vard Holdings last month signed a letter of...

  • BRUSSELS, April 11- French container shipping group CMA CGM has offered concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival Neptune Orient Lines. CMA CGM, which ranks behind No. 1 Maersk Line and Swiss peer MSC in global shipping, submitted the concessions on Thursday, a filing on the European...

  • SINGAPORE/ BEIJING, April 6- China has granted export quotas of more than 14 million tonnes of fuel to refiners, down from nearly 21 million tonnes in the first batch of the year but including naphtha despite a domestic shortage, a trade source familiar with the matter said. China had bombarded Asia with nearly 880,000 tonnes of gasoline in December 2015, the...

  • *Shipping contributes $14 bln annually to UK economy. *Over 40 percent of shipping via UK terminals is with EU. "No one has left the European Union before, and the EU may seek to' punish' the UK for leaving, in order to discourage others from leaving too.

  • MOSCOW, March 30- When Vladimir Putin announced the withdrawal of most of Russia's military contingent from Syria there was an expectation that the Yauza, a Russian naval icebreaker and one of the mission's main supply vessels, would return home to its Arctic Ocean port. Instead, three days after Putin's March 14 declaration, the Yauza, part of the "Syrian Express",...

  • MOSCOW, March 30- When Vladimir Putin announced the withdrawal of most of Russia's military contingent from Syria there was an expectation that the Yauza, a Russian naval icebreaker and one of the mission's main supply vessels, would return home to its Arctic Ocean port. Instead, three days after Putin's March 14 declaration, the Yauza, part of the "Syrian Express",...

  • *Iran has not regained access to Egypt terminal-traders. *Tehran sent up to 200,000 bpd to Europe via Egypt in 2011. LONDON, March 24- Iranian oil flows to Europe have begun to pick up from a slow start after sanctions were lifted in January, but trading sources say a lack of access to storage part-owned by Tehran's Gulf Arab rivals now looms large on a list of obstacles.