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Latest News - page 1917

 

Air Strikes on Port of Misrata

Jan 04, 2015

Forces loyal to Libya's internationally recognised government on Saturday staged air strikes on the commercial port of Misrata, a western city allied to a group that holds the capital Tripoli, both sides said.Fighting was also reported…

USCG Search for Missing Diver South of Key Westm FLA

Jan 04, 2015

Coast Guard search-and-rescue crews are searching for a missing diver five nautical miles south of Key West, Florida, Saturday afternoon. Missing is Jim Bakazan, 50, wearing a black wet suit.Watchstanders at Coast Guard Sector Key…

2nd U.S. Navy Ship Joins Search for AirAsia QZ8501

Jan 04, 2015

USS Fort Worth joins USS Sampson (DDG 102), which has been on station since Dec. 29.Fort Worth is the littoral combat ship (LCS) on a rotational deployment to the U.S. 7th Fleet and brings maneuverability, speed and a shallow draft, which…

Vessel Sinks with All Filipino Crew

Jan 04, 2015

A Bahaman ship Bulk Jupiter with all-Filipino crew members sank on Friday in the East Vietnam Sea, some 150 nautical miles off southern Vung Tau City. Personnel of the Vietnam Maritime Rescue Cooperation Center (MRCC) rescued one and recovered two bodies of the crew members…

South Sudan Oil Revenue at $3.38 bln, Hit by Conflict and Price Falls

Jan 03, 2015

South Sudan's oil revenue last year was hit by reduced output because of conflict in the African republic and the rapid decline in oil prices, petroleum minister Stephen Dhieu Dau said in a statement seen by Reuters on Saturday.Oil is the main source of cash for South Sudan…

Mexico says Energy Price Hikes over for 2015

Jan 03, 2015

Mexico's government said on Friday that its latest 'gasolinazo,' or gasoline price spike, will be the only increase this year.The fuel price hike in the world's 10th biggest crude producer comes as slumping international oil prices have…

Euro and Oil Resume Fall

Jan 03, 2015

The euro fell on Friday, continuing the slide that saw the currency finish out 2014 at a 29-month low against the U.S. dollar, on expectations that the European Central Bank will soon embark on outright money-printing.Crude prices fell in a volatile session…

Senate Panel to Introduce Keystone XL Bill

Jan 03, 2015

The head of the Senate energy committee plans to introduce a bill next week to force approval of the Keystone XL oil pipeline, though the full chamber faces a battle in obtaining needed votes to overcome any veto by President Barack Obama…

Oil Declines in Thin, Volatile Trading

Jan 03, 2015

Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year, as strong mid-day rallies in crude fizzled.Brent was down 91 cents at $56…

Euroseas Receives Non-Compliance Notice

Jan 03, 2015

Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it received notice from the Nasdaq Stock Market LLC ('Nasdaq') dated December 30…

Generaly Rate Restoration by CMA CGM

Jan 03, 2015

In a continued effort to provide quality services, CMA CGM group hereby informs of a Rate Restoration Program:Effective February 5th, 2015:From India, Pakistan and Sri Lanka ports to North Europe, Med Sea, Scandinavia, Baltic, Black Sea…

Teekay LNG Partners' Cash Distribution Up by 1.2%

Jan 03, 2015

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended December 31, 2014, an increase of 1.2 percent over the cash distribution of $0.6918 per unit for the quarter ended September 30…

Fines for Polluting Turkish Waters

Jan 03, 2015

Pollution fines at Turkish ports and Straits have been increased with effect from January 2015.The Turkish authorities are very sensitive and aggressive on all issues concerning water pollution in the country's territorial waters.For this reason…

Shipdock Yards Adopt Damen Names

Jan 02, 2015

Amsterdam and Harlingen integrate into Damen’s worldwide network  On January 1, 2015, Shipdock Amsterdam and Shipdock Harlingen changed names to Damen Shiprepair Amsterdam (DSA) and Damen Shiprepair Harlingen (DSH) respectively. During the last two years…

EEU Starts Functioning

Jan 02, 2015

The Eurasian Economic Union (EEU) officially starts functioning on January 1.The EEU unites Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan.The new economic union envisages free flow of capital, goods services, and workforce on a common market including over 170 million people…

Logistics News

Port of Los Angeles Handles Over 1 Million TEUs in October

Port of Los Angeles Handles Over 1 Million TEUs in October

Houthis Attack Saudi Oil Pipeline Pumping Station

Houthis Attack Saudi Oil Pipeline Pumping Station

EU Wheat Drops as Focus Shifts to Ukrainian War, Argentinian Exports

EU Wheat Drops as Focus Shifts to Ukrainian War, Argentinian Exports

White House to Extend Jones Act Shipping Waiver

White House to Extend Jones Act Shipping Waiver

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Zimbabwean businessman Chivayo who was close to the ruling elite killed in helicopter crash
Canada fast tracks oil pipeline to diversify economy and divert away from US
Russia claims it has struck Ukrainian defence industry vessels and facilities