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Transportation Marine

  • COPENHAGEN, Aug 16- Danish shipping group A.P. Maersk also said it expected a $200 million to $300 million bill from a June cyber attack that disrupted its container shipping operations for weeks. The company's net loss stood at $264 million, compared with expectations for a $507 million net profit, according to an average of forecasts in a Reuters poll.

  • MOSCOW, Aug 15- New U.S. sanctions on Moscow have forced Russian business chiefs to accept that Donald Trump's rise to power is not about to produce a " Trump Bump" in foreign investment. For the business community in Moscow, the message is clear-- there is no immediate prospect of Washington softening its stance towards Moscow. "The mere fact that the U.S. and Western...

  • OSLO, Aug 11- Russian shipping in the Arctic is benefiting from winds that are driving the oldest and thickest sea ice towards North America, further opening a remote region that is thawing amid global warming, scientists say. The thinning Russian ice could help liquefied natural gas tankers, due to start exports from Russia's Yamal Peninsula in late 2017, to...

  • *Crushing margins turn positive, hit 80 yuan a tonne. BEIJING, Aug 11- Chaos that swept China's soybean market in recent weeks as lossmaking crushers flipped cargoes and closed plants appears to have eased by Friday, allaying fears of widespread contract defaults like those that shook the world's top consumer in 2014.. On Thursday, crushers were making more than...

  • NEW DELHI/ SINGAPORE, Aug 8- India's oil imports from Iraq rose 31.5 percent in July from a month ago, shipping data showed, allowing the Middle Eastern country to retain the top supplier spot for the fourth consecutive month amid declines from sellers like the United Arab Emirates, Venezuela and Iran. India took 954,400 barrels per day of Iraqi oil in July compared...

  • BEIJING/ SINGAPORE, Aug 7- Two major Chinese soybean buyers have resold more than 500,000 tonnes of product in recent weeks, sources familiar with the deals said, amid growing concerns about losses among crushers and congestion at a major port in the world's top oilseed buyer. The resales appear to be isolated, but they stir worries about possible contract...

  • BEIJING/ SINGAPORE, Aug 7- Two major Chinese soybean buyers have resold more than 500,000 tonnes of product in recent weeks, sources familiar with the deals said, amid growing concerns about losses among crushers and congestion at a major port in the world's top oilseed buyer. The resales appear to be isolated, but they stir worries about possible contract...

  • *South Korea leading charge, U.S. plans to follow. South Korea is developing an alternative system using an earth-based navigation technology known as eLoran, while the United States is planning to follow suit. Britain and Russia have also explored adopting versions of the technology, which works on radio signals.

  • Cramer Remix: Here’s why we are not in a tech bubble

    Jim Cramer breaks down the differences between today and the dot com collapse of 2000.

  • Jim Cramer on the set of Mad Money.

    Jim Cramer breaks down the differences between today and the dot com collapse of 2000.

  • *CEO: freight forwarding industry undergoing transformation. COPENHAGEN, July 27- Danish freight forwarder DSV will invest more to meet rising demand for services such as e-commerce and address competition from new players including Amazon.com which is seeking a greater role in the logistics supply chain. DSV has specialised in complex transportation...

  • SINGAPORE, Aug 1- Traders in Asia are considering shipping diesel and jet fuel to Europe after a fire at that region's largest oil refinery disrupted supplies and boosted fuel margins, five traders and shipbrokers said on Tuesday. Two shipbrokers said they had seen a rise in enquiries on booking long-range vessels to ship the fuels to Europe after Royal Dutch...

  • *Banks lent heavily to shipping industry as trade soared. *Financial crisis, markets crash created toxic debt pile. LONDON, July 24- Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump in the shipping industry.

  • LONDON, July 21- Saudi Arabia is making good on promises to curtail oil shipments to the United States with the likely intention to drain visible inventories and support prices. On July 20, there were 15 very large crude carriers and 3 Suezmax tankers identified en route from Saudi Arabia to the United States, according to Kpler, a global cargo-tracking firm based...

  • PHILIPSBURG, St Maarten/ HOUSTON, July 18- A court in the Caribbean island of St. Maarten has ordered Venezuelan state-run oil company PDVSA to cooperate in the sale of 500,000 barrels of crude oil in its dispute with units of Russian shipping firm Sovcomflot, according to a copy of the decision seen by Reuters on Tuesday. In March, the same court ordered the roughly...

  • SINGAPORE, July 13- Oil major BP Plc is shipping diesel from the United States to Australia in an unusual shipping flow, several industry sources told Reuters on Thursday. The Jupiter Express carrying about 35,000 tonnes of diesel loaded from BP's Cherry Point, Washington refinery on June 29 and is currently headed to Botany Bay, New South Wales in Australia,...

  • An act of kindness from President Donald Trump

    President Trump attempts to help a Marine put his hat back on while on his way home from the G-20 Summit.

  • ISTANBUL, July 10- NITC, Iran's leading oil tanker operator, said on Monday its shipments to Europe were increasing daily and the company plans to upgrade its fleet to support expansion. International sanctions on Iran were lifted in January 2016 and NITC is looking to come in from the cold after years of isolation. Iran has steadily reconnected with buyers...

  • SHANGHAI/ HONG KONG, July 10- COSCO Shipping Holdings Co Ltd saw its stock climb on Monday after bidding $6.3 billion for a Hong Kong peer, a deal that would see it become the world's third-biggest container shipper and underline China's supply-chain ambitions. The offer for Orient Overseas International Ltd comes as China's government pushes to raise the...

  • SHANGHAI/ HONG KONG, July 10- COSCO Shipping Holdings Co Ltd saw its stock climb on Monday after bidding $6.3 billion for a Hong Kong peer, a deal that would see it become the world's third-biggest container shipper and underline China's supply-chain ambitions. The offer comes as China's government is outspoken over its desire to raise its profile in global...