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Transportation Marine

  • LONDON, Nov 6- Singapore's Maritime and Port Authority said on Monday it had revoked Transocean Oil's bunker fuel supply license in the Port of Singapore, effective immediately. MPA said it had conducted checks on Transocean in March and April as part its efforts to ensure the integrity of bunkering operations at the port and found "falsifications of records...

  • LONDON, Nov 6- Singapore's Maritime and Port Authority said on Monday it had revoked Transocean Oil's bunker fuel supply licence in the Port of Singapore, effective immediately. MPA said it had conducted checks on Transocean in March and April as part its efforts to ensure the integrity of bunkering operations at the port and found "falsifications of records...

  • LONDON, Nov 6- Singapore's Maritime and Port Authority said on Monday it had revoked Transocean Oil's bunker fuel supply licence in the Port of Singapore, effective immediately.

  • LONDON, Nov 6- Singapore's Maritime and Port Authority said on Monday it had revoked Transocean Oil's bunker fuel supply license in the Port of Singapore, effective immediately.

  • The companies' services are critical for Venezuela, which is struggling with a deep economic crisis marked by shortages of food and medicine. New York- based investment firm Torino Capital estimates that, in addition to the bonds, Venezuela owes some $26 billion to creditors and $24 billion in commercial loans. U.S.-based oilfield services provider...

  • *Petcoke ban comes into effect around New Delhi on Wednesday. NEW DELHI/ SINGAPORE, Nov 1- A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years. Its use was banned around New Delhi to...

  • *Petcoke ban comes into effect around New Delhi on Wednesday. NEW DELHI/ SINGAPORE, Nov 1- A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years. Its use was banned around New Delhi to...

  • SHANGHAI, Oct 30- COSCO Shipping Holdings said on Monday it would raise 12.9 billion yuan through a share sale to build new ships as it returned to profit for the first nine months of the year. The Chinese shipping giant reported a profit of 2.7 billion yuan for the nine months to September, after making a loss of 9.2 billion yuan over the same period last year.

  • NEW YORK/ HOUSTON, Oct 30- Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. Most terminal operators and companies will not disclose capacity, and federal agencies like...

  • Oct 26- United Parcel Service Inc told customers about extra holiday charges for 2018 much earlier than it did this year to give major retailers a full year to plan shipping schedules and defray costs, Chief Executive David Abney said on Thursday. "We heard clearly from our customers that they do their planning a year in advance," Abney told Reuters after UPS posted...

  • Up to 450,000 barrels per day of diesel, or some 1.8 million tonnes, are set to reach Europe and the Mediterranean in November from Asia and the Middle East, according to Reuters shipping data and traders. Those include the very large crude carrier Coshonour Lake, which was heading from Singapore to Europe on its maiden voyage with a cargo of 2 million barrels of...

  • WASHINGTON, Oct 23- Fiat Chrysler Automobiles NV has lodged a complaint with a U.S. regulator seeking "reparations" from a group of shipping companies from Asia, Europe and South America that admitted to fixing prices for shipping vehicles, according to documents made public on Monday. The automaker wants the Federal Maritime Commission to order payments from...

  • HOUSTON, Oct 20- Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader. Shipping delays and quality concerns also are jeopardizing the OPEC- member country's crude sales,...

  • *Four Arab nations cut ties with Qatar in June. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade and transport ties with Qatar in June, accusing it of supporting terrorism- a charge Doha denies. Qatar was the biggest shareholder in Gulf container line United Arab Shipping Company, followed by Saudi Arabia.

  • *Traders send more U.S. crude to Asia on wide WTI-Brent spread. SINGAPORE/ NEW YORK, Oct 16- Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit U.S. demand for the commodity at a time of rising production in the country. As many as 11 tankers, partly or fully laden...

  • *Traders send more U.S. crude to Asia on wide WTI-Brent spread. SINGAPORE/ NEW YORK, Oct 16- Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit U.S. demand for the commodity at a time of rising production in the country. As many as 11 tankers, partly or fully laden...

  • LAUNCESTON, Australia, Oct 16- China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supercharged demand in the world's second-biggest economy. China's crude imports jumped to 37 million tonnes in September, equivalent to 9 million barrels per day, according to preliminary customs data released on Oct. 13.

  • According to one Singapore- based trader, bids for December deliveries in northeast Asia are at $8.50 per mmBtu with offers at $9.50 per mmBtu, contrasting with a week ago when buyers were more closely aligned with sellers. "This week Taiwan, China and South Korea returned to the market after their holidays, they are willing to buy but not willing to pay these levels,"...

  • LONDON, Oct 13- The world's top trading houses, among the most nimble entities in oil, say even they aren't sure how to stay a step ahead of a coming cut in shipping fuel sulphur. "I don't know if it's going to provide opportunity or disaster at the moment, to be honest," Vitol boss Ian Taylor told the Reuters Global Commodity Summit. Nearly a year after the International...

  • LONDON, Oct 13- The world's top trading houses, among the most nimble entities in oil, say even they aren't sure how to stay a step ahead of a coming cut in shipping fuel sulfur. "I don't know if it's going to provide opportunity or disaster at the moment, to be honest," Vitol boss Ian Taylor told the Reuters Global Commodity Summit. Nearly a year after the International...