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Transportation Marine

  • LONDON, June 28- Swiss container line MSC is working with vessel-sharing partner Maersk to find ways to share data after a cyber attack on the Danish company, MSC said on Wednesday. MSC said it was prepared to divert ships away from affected Maersk terminals. "We are working together to find other means to transmit data between the two companies.

  • COPENHAGEN, June 28- Shipping giant A.P. Moller-Maersk, which handles one of seven containers shipped globally, said on Wednesday that it was working on a recovery plan a day after being hit by global cyber attack Petya. "We have contained the issue and are working on a technical recovery plan with key IT partners and global cyber security agencies," Maersk said in a...

  • WASHINGTON, June 27- Two former and one current executive of the shipping company Wallenius Wilhemsen Logistics AS have been indicted on charges of fixing the prices of some international ocean shipping, the U.S. Justice Department said on Tuesday. Former executives Arild Iversen and Anders Boman were indicted in November 2016 along with current executive...

  • COPENHAGEN, June 27- Shipping giant A.P. The attack came as computer servers across Europe and in India were hit by a major ransomware attack. The company handles around 25 percent of all containers shipped on the key Asia- Europe route.

  • COPENHAGEN, June 27- Shipping giant A.P. The attack came as computer servers across Europe and in India were hit by a major ransomware attack. The company handles around 25 percent of all containers shipped on the key Asia- Europe route.

  • *China aims to become lowest-cost seller of FLNG plants. LONDON, June 27- China plans to pour almost $7 billion into floating liquefied natural gas projects in Africa, betting on a largely untested technology in the hope that energy markets will recover by the time they start production in the early 2020 s. China, however, is making a strategic push into FLNG, aiming...

  • SEOUL, June 23- Korea Gas Corp will early next month receive its first liquefied natural gas cargo under a long-term supply deal with U.S. exporter Cheniere Energy, two sources at the South Korean company said on Friday. The 74,000- tonne LNG cargo was loaded from Cheniere's Sabine Pass export terminal in Louisiana and is scheduled to arrive at the port of...

  • DETROIT, June 19- United Parcel Service Inc said on Monday it will levy surcharges on U.S. residential packages during its crucial peak holiday season this year as it seeks to combat the spiraling costs of delivering e-commerce packages. Atlanta- based UPS, the world's largest shipping company, said residential packages, large packages and those exceeding...

  • *Crude being stored in old tankers around Singapore, Malaysia. SINGAPORE, June 16- Traders are increasingly storing oil in aging supertankers in Southeast Asia as they grapple with a supply overhang that has left the system clogged with unneeded fuel despite an OPEC- led drive to cut production to prop up prices. These vessels are in addition to around 30...

  • *Crude being stored in old tankers around Singapore, Malaysia. SINGAPORE, June 16- Traders are increasingly storing oil in ageing supertankers in Southeast Asia as they grapple with a supply overhang that has left the system clogged with unneeded fuel despite an OPEC- led drive to cut production to prop up prices. These vessels are in addition to around 30...

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • CAPE TOWN, June 15- A South African court ruled on Thursday that a seized ship carrying a Moroccan cargo of phosphate from the disputed Western Sahara should remain in port until the case goes to trial or security is posted, a lawyer for the Polisario independence movement said. The Polisario Front alleges the 50,000 tonne shipment en route to New Zealand was...

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  • ATHENS, June 12- Piraeus Port, operator of Greece's biggest port and majority-owned by China's COSCO Shipping, has agreed to team up with the operator of Shanghai port, the world's largest container port, to promote container shipping traffic. Piraeus, COSCO Shipping and Shanghai International Port Group have agreed to cooperate in project planning, staff...

  • *UAE, Saudi Arabia are vital trade routes for Qatar. DOHA/ LONDON, June 12- Qatar and container lines have launched new shipping services via Oman in an effort to sidestep a port ban in neighbouring countries and secure a food lifeline after other Gulf states severed ties with Doha last week. Saudi Arabia, the United Arab Emirates and some other Arab countries cut...

  • LONDON, June 12- Swiss-based MSC will offer a new shipping service to Qatar from Oman, the worlds No.2 container shipping line said on Monday, a week after Gulf states imposed port and trade restrictions on Doha.