×

Transportation Marine

  • 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...

  • SHANGHAI, July 10- COSCO Shipping's and Hong Kong's Orient Overseas International Ltd's shares leapt on Monday after the Chinese shipping giant made a $6.3 billion offer for its smaller rival on Sunday. Should the deal go through, COSCO Shipping will become the world's third-largest container shipping line after Denmark's Maersk Line and Switzerland's...

  • *COSCO Shipping making offer with Shanghai Port. COSCO Shipping is offering HK $78.67 for each OOIL share, a premium of 37.8 percent over OOIL's closing price of HK $57.10 on its last trading date, the companies said in filings with the Hong Kong and Shanghai stock exchanges on Sunday. OOIL's controlling shareholders had on Friday agreed to sell their 68.7...

  • BANJUL, July 7- Chinese and French companies are bidding to help Gambia build up its Atlantic port Banjul to be what industry sources say could be a rival to neighboring Senegal's Dakar. It would be one of the first major structural changes in Gambia following the end of President Yahya Jammeh's more than 20- year rule in January. State-owned China...

  • BANJUL, July 7- Chinese and French companies are bidding to help Gambia build up its Atlantic port Banjul to be what officials hope will rival neighbouring Senegal's Dakar. State-owned China Communications Construction Company says one of its subsidiaries has made a bid for a 140 million euro contract Gambia has launched to redevelop the port.

  • SHANGHAI, July 7- Maersk said it was too early to predict the financial impact of last month's global Petya cyber attack that hit the shipping giant's computers and delayed cargoes, but added that normal operations had resumed at its ports. Moller-Maersk, Danish owner of the world's biggest container shipping line, operates 76 ports via its APM Terminal...

  • COPENHAGEN, July 3- Danish shipping giant A.P. Moller-Maersk said it had restored its major applications, as it brings its IT systems back online after being hit by a major cyber attack last week. The Maasvlakte II terminal in Rotterdam would be able to make import deliveries starting Monday, it said.

  • WASHINGTON, June 30- President Donald Trump's administration has dropped plans for an executive order that will require all U.S. food aid to be transported on American ships after members of Congress protested, congressional and aid sources said on Friday. The White House did not immediately respond to a request for comment. Aid groups, and members of Congress...

  • SINGAPORE, June 30- Asian demand for crude oil from the Atlantic Basin and the Americas is set to rise as low prices drive Japanese and South Korean buyers to snap up cargoes to arrive ahead of peak winter consumption. The loading of oil shipments from Europe and the Americas to Asia tapered off in June after surging between March and May, but the recent price slump...

  • SINGAPORE, June 30- Asian demand for crude oil from the Atlantic Basin and the Americas is set to rise as low prices drive Japanese and South Korean buyers to snap up cargoes to arrive ahead of peak winter consumption. The loading of oil shipments from Europe and the Americas to Asia tapered off in June after surging between March and May, but the recent price slump...

  • LONDON, June 29- Global shipping is still feeling the effects of a cyber attack that hit A.P. Several port terminals run by a Maersk division, including in the United States, India, Spain, the Netherlands, were still struggling to revert to normal operations on Thursday after experiencing massive disruptions. Anil Diggikar, chairman of JNPT port, near the Indian...

  • WASHINGTON, June 29- The United States plans to sell Taiwan $1.42 billion in arms, the first such sale under the administration of Donald Trump and a move sure to anger China, whose help the president has been seeking to rein in North Korea. "support for Taiwan's ability to maintain a sufficient self-defense capability," but there was no change to the United States'...