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Republicans Set to Challenge Obama

Jan 05, 2015

Republicans take full control of the U.S. Congress this week with an agenda of trying to force approval of the Keystone XL oil pipeline and push back on President Barack Obama's sweeping policy shifts on Cuba and immigration.After years of battles over the budget and other issues…

Kvaerner, Longview Power Reaches Settlement

Jan 05, 2015

Kvaerner North American Construction Inc. (a subsidiary of Kvaerner) has executed agreements today, with each of Longview Power, LLC, Siemens Energy Inc. and others regarding the disputes between them in both the arbitration proceedings concerning…

Search for Air Asia QZ8501 Continues

Jan 05, 2015

USS Fort Worth (LCS 3) arrived in the search area on Jan. 3, 2015 and has commenced search efforts for Air Asia flight QZ8501 at the request of the Indonesian government. It is the second US Naval Ship to join in the search.Seen the picture…

Search Suspended for Missing Crew of Cemfjord

Jan 05, 2015

The search for eight crew missing from the cement carrier, ‘Cemfjord’ which capsized and sank in the Pentland Firth has been suspended this evening, with no sign found of the missing crew.The lifeboats completed their search areas earlier this afternoon and returned to shore…

NAVTOR Expands into Asia

Jan 05, 2015

E-navigation specialist NAVTOR has set course for Asia, with the news that the Egersund, Norway-based business has opened an office in Singapore. The move comes in response to growing regional demand for simple, efficient and cost effective ENC distribution solutions…

Dana Gas Receives $60 mln from Egyptian Gov't

Jan 04, 2015

Egypt's government has paid Dana Gas $60 million, part of overdue receivables totalling $212 million, the Abu Dhabi-listed firm said in a statement on Sunday.Egypt has delayed payments to oil and gas firms as its economy has been hammered…

Idaho Earthquake Causes Damage, Power Outages

Jan 04, 2015

A moderate earthquake rattled a broad swath of Idaho early Saturday, damaging property and causing power outages near its epicenter in the city of Challis, which has endured a string of temblors over the past weeks, authorities said.The quake was measured at a magnitude of 4…

2nd 'Ghost Ship' Rescue Prompts EU Pledge on Migrants

Jan 04, 2015

A cargo ship abandoned by its crew with 359 Syrian refugees on board was towed ashore in Italy on Saturday in the second such rescue this week, prompting calls for stronger European Union action in the face of new tactics by human traffickers…

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…

Logistics News

Russian Oil Freight Rates to India Remain High

Russian Oil Freight Rates to India Remain High

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Baltic Index Hits Almost Five-Year High

Baltic Index Hits Almost Five-Year High

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Bild: German police investigate a new grid sabotage attack
US Judge again blocks Postal Service’s mail-in vote restrictions
UAE shares rise as PMI shows solid growth for August