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Transportation Marine

  • LONDON/ DHAKA, Sept 11- Bangladesh has shortlisted global commodity traders Trafigura and Gunvor to arrange the installation of two floating liquefied natural gas import terminals in 2018 as the country transforms into a major LNG consumer. Industry sources say Bangladesh wants the terminals, also known as Floating Storage and Regasification Units, in...

  • LONDON, Sept 6- Consultancy EY, data security firm Guardtime, Microsoft and ship operator Maersk have joined to build a blockchain-based marine insurance platform that will be the first real-world use of the nascent technology in the shipping industry. Shaun Crawford, EY's global insurance leader, said the 400- year-old marine insurance sector was one of the...

  • HOUSTON, Sept 2- A number of key Texas refineries worked to reopen or resume normal operations on Saturday, a week after Hurricane Harvey knocked out nearly one quarter of the U.S. refining capacity and sent gasoline prices to two-year highs. While much of the region's refining infrastructure still remained offline from Harvey, which made landfall as a Category...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Sept 1- Retail U.S. gasoline prices surged to two-year highs on Friday and global shipping routes were scrambled, even as some U.S. oil refineries began restarting in the wake of Hurricane Harvey. Northeast and Midwest were shut or severely curtailed, prompting shortages and dramatic...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Sept 1- Retail U.S. gasoline prices surged to two-year highs on Friday and global shipping routes were scrambled, even as some U.S. oil refineries began restarting in the wake of Hurricane Harvey. Northeast and Midwest were shut or severely curtailed, prompting shortages and dramatic...

  • *Lack of storage leaves Latin America with little backup. NEW YORK, Sept 1- Traders and ship brokers are rerouting millions or barrels of fuel to Latin America to compensate for broken supply lines after Hurricane Harvey crippled the U.S. Buyers from Mexico, Brazil, Colombia, Venezuela, Argentina and elsewhere are turning to refineries in Europe, Asia and even the...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Sept 1- Retail U.S. gasoline prices surged to two-year highs on Friday and global shipping routes were scrambled, even as some of the nation's oil refineries began restarting in the wake of Hurricane Harvey. Northeast and Midwest were shut or severely curtailed, prompting shortages and...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Sept 1- Retail U.S. gasoline prices surged to two-year highs and global shipping routes were scrambled on Friday even as some of the nation's refiners restarted as Storm Harvey lost strength. The storm, which began as a hurricane a week ago, has roiled global fuel markets, and tankers...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Sept 1- Retail U.S. gasoline prices hit two-year highs and global shipping routes were scrambled as the nation's largest refiners remained shut on Friday, even as Storm Harvey lost strength. The storm, which began as a hurricane a week ago, has roiled global fuel markets, and tankers carrying...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Sept 1- Retail U.S. gasoline prices hit two-year highs and global shipping routes were scrambled as the nation's largest refiners remained shut on Friday, even as Harvey was losing strength. The storm has roiled global fuel markets and tankers carrying millions of barrels of fuel have...

  • HOUSTON, Aug 31- After Hurricane Harvey roared into Texas, flooding oil refineries and crippling ports along U.S. Gulf Coast, Latin American countries scouring the globe for other sources of fuel are zeroing in on a flotilla waiting to unload off the coast of Venezuela. Almost no fuel tankers have sailed from Texas for Latin America in six days, according to...

  • HOUSTON, Aug 31- After Hurricane Harvey roared into Texas, flooding oil refineries and crippling ports along the U.S. Gulf Coast, Latin American countries are scouring the globe for other sources of fuel and zeroing in on a flotilla waiting to unload off the coast of Venezuela. Almost no fuel tankers have sailed from Texas for Latin America in six days, according to...

  • HOUSTON, Aug 31- After Hurricane Harvey roared into Texas, flooding oil refineries and crippling ports along U.S. Gulf Coast, Latin American countries scouring the globe for other sources of fuel are zeroing in on a flotilla waiting to unload off the coast of Venezuela. Almost no fuel tankers have sailed from Texas for Latin America in six days, according to...

  • *Mexico buys gasoline from Europe, Asia. LONDON, Aug 31- The crippling of the U.S. Gulf Coast refining hub by Tropical Storm Harvey roiled global oil markets on Thursday as traders scrambled to buy gasoline and diesel from distant markets to avert supply shortages in the United States, Mexico and Brazil. In another sign of how Harvey is opening rarely used trading...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Aug 31- Tropical Storm Harvey's impact on the energy industry spread beyond flooding U.S. refiners as fuel pipelines were also shut, threatening to squeeze national supply and roil global fuel markets as U.S. retail fuel prices continue to climb. The storm, which lashed Louisiana with rain...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Aug 31- Tropical Storm Harvey's effect on the energy industry has spread beyond flooding U.S. refiners as fuel pipelines also shut, threatening a supply squeeze across the nation and stirring up world markets as U.S. retail fuel prices rose further. At least two East Coast refineries have...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Aug 31- Tropical Storm Harvey's effect on the energy industry has spread beyond flooded U.S. refiners as fuel pipelines are also shut, threatening a supply squeeze around the country and roiling world markets as traders scramble to find alternative supplies. At least two East Coast...

  • LONDON, Aug 30- Gasoline exports from Europe across the Atlantic are set to surge in coming days as traders plug supply gaps after Tropical Storm Harvey crippled refineries in the U.S. Gulf Coast. Many of the shipments are expected to end up in Latin America, which has become increasingly reliant on gasoline and diesel supplies from the U.S. Gulf Coast in recent...

  • NEW YORK/ HOUSTON, Aug 29- Oil traders were scrambling on Tuesday to move crude and fuel supplies through ports in Louisiana as Tropical Storm Harvey barreled toward the state, threatening to close the last major oil terminals still operating on the U.S. Gulf Coast. Harvey was forecast to come ashore in western Louisiana near the Texas border on Wednesday.

  • *CEO tells Reuters could consider 2017 dividend. FRANKFURT, Aug 29- German container shipping group Hapag-Lloyd said its merger with Arab peer UASC and an improved market could allow it to consider paying its first dividend since a stock market listing in November 2015. Conditions had changed for the better in the second quarter, Hapag-Lloyd Chief Executive...