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Transportation Marine

  • *Maersk says waste shipments into China have declined. The city's system for dealing with its paper waste has been failing since China in July imposed a ban on imports of 24 types of rubbish, as part of a campaign against "foreign garbage" and environmental pollution, including unsorted scrap paper. Traditional suppliers of waste paper to China include Europe, the...

  • WASHINGTON, Sept 27- The U.S. Justice Department said on Wednesday a Norwegian company involved in the vehicle shipping business has agreed to plead guilty and pay a $21 million criminal fine for its involvement in a price-fixing scheme. The department said in a statement that Höegh Autoliners "conspired with competitors to suppress and eliminate...

  • SAN JUAN, PUERTO RICO/ NEW YORK, Sept 27- Puerto Rico resident Marangelly Garcia waited eight hours for diesel to fuel her familys generator on Monday, but the supply ran out before she got to the front of the line. With Puerto Rico's electric grid in shambles after Hurricane Maria, gasoline and diesel have become liquid gold in this U.S. territory.

  • SAN JUAN, PUERTO RICO/ NEW YORK, Sept 27- Puerto Rico resident Marangelly Garcia waited eight hours for diesel to fuel her familys generator on Monday, but the supply ran out before she got to the front of the line. With Puerto Rico's electric grid in shambles after Hurricane Maria, gasoline and diesel have become liquid gold in this U.S. territory.

  • SAN JUAN, PUERTO RICO/ NEW YORK, Sept 27- Puerto Rico resident Marangelly Garcia waited eight hours for diesel to fuel her familys generator on Monday, but the supply ran out before she got to the front of the line. With Puerto Rico's electric grid in shambles after Hurricane Maria, gasoline and diesel have become liquid gold in this U.S. territory.

  • SAN JUAN, PUERTO RICO/ NEW YORK, Sept 27- Puerto Rico resident Marangelly Garcia waited eight hours for diesel to fuel her familys generator on Monday, but the supply ran out before she got to the front of the line. With Puerto Rico's electric grid in shambles after Hurricane Maria, gasoline and diesel have become liquid gold in this U.S. territory.

  • NEW YORK, Sept 26- Monroe Energy, a subsidiary of Delta Air Lines, ran out of crude at its 185,000 barrel-per-day Trainer, Pennsylvania, refinery after delays in unloading a supertanker called C. Innovator, according to a source familiar with the company's operations and Reuters shipping data. The VLCC loaded at the Brass River terminal in Nigeria around Sept. 4 and...

  • SINGAPORE, Sept 26- The great disruptor that is U.S. shale oil is coming to Asia, as refiners in the energy-hungry region look to expand and diversify their sources of crude, and the consequences will likely go well beyond a shift in oil trade flows. Crude oil exports to Asia from the United States are still relatively small-scale, with Thomson Reuters Oil Research...

  • SINGAPORE, Sept 26- The great disruptor that is U.S. shale oil is coming to Asia, as refiners in the energy-hungry region look to expand and diversify their sources of crude, and the consequences will likely go well beyond a shift in oil trade flows. Crude oil exports to Asia from the United States are still relatively small-scale, with Thomson Reuters Oil Research...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • KHOBAR, Saudi Arabia, Sept 21- Saudi Arabia's Bahri, the exclusive oil shipper of Saudi Aramco, expects supertanker rates to stabilise at slightly better levels going into the fourth quarter, the vice president for commercial and operations of its oil business said. "Full year delivery is expected to be around 50, against reported scrapping in the single digits...

  • *CEO says giant-ship order tailored for Asia- Europe route. PARIS, Sept 19- The global container-shipping sector is in its strongest position in years thanks to sweeping consolidation and stronger economic growth, leaving it well placed to withstand competition from trains on major Asia- Europe routes, France's CMA CGM said. Container lines, which transport...

  • *Maria's approach threatens Caribbean terminals. Sept 18- Shippers are sending oil cargoes originally bound for Venezuela to other spots in Latin America and the Caribbean, in advance of coming hurricanes that threaten to further disrupt oil flows in the region, according to traders and Reuters data. Hurricane-related supply interruptions may limit...

  • PARIS, Sept 15- CMA CGM, the world's third-largest container shipping firm, said it expected operating profits to improve further in the second half as the market continues to recover, and confirmed an order for nine giant vessels. In a second-quarter results statement on Friday, CMA CGM said its board had approved an order for nine container ships, each with a...

  • LONDON, Sept 15- Hong Kong's port expects a slight rise in container shipping volumes this year despite continuing global turmoil in the sector. Hong Kong's Secretary for Transport and Housing, Frank Chan Fan, said container throughput was expected to increase slightly this year from 19.8 million TEUs in 2016 and 20 million TEUs in 2015.. Hong Kong's shipping...

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  • Jim Cramer on the set of Mad Money.

    Jim Cramer explains why auto stocks are revving up for big gains.