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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…

HMAS Launceston Assists Ill Mariner

Jan 02, 2015

HMAS Launceston assisted in the medical evacuation of a critically ill Chinese mariner from a Chinese fishing vessel, 80 nautical miles south-east of Christmas Island in the Indian Ocean on the afternoon of 1 January, 2015. The request…

USCG Assist Fishing Vessel near Gloucester

Jan 02, 2015

Coast Guard crews assisted a disabled fishing vessel 35 miles east of Gloucester, Massachusetts, on Thursday.At about 4 p.m., Wednesday, the three person crew of the fishing vessel Kristin and Michael notified watchstanders at Coast Guard…

GAC Norway Joins 2014 Gaselle List

Jan 02, 2015

GAC Norway AS has been added to the 2014 Gaselle List, a nationally-recognised catalogue of Norwegian businesses that have proven sound finances and sustained growth over a number of years.Introduced by the newspaper Dagens Naeringsliv,…

Seawall Reinstatement at Royal Hong Kong Yacht Club

Jan 02, 2015

For approximately four months, seawall reinstatement works will be carried out at the Yacht Club inside Causeway Bay Typhoon Shelter within the area bounded by straight lines joining the following coordinates (WGS 84 Datum) from (A) to (D) and the adjacent shoreline:(A) 22 deg…

Wärtsilä Engines for Cutter Dredgers

Jan 02, 2015

One of the world's largest non self-propelled cutter dredger vessels, which is also one of the largest of all cutter dredgers in the world with 5200 kW of cutter power, will feature Wärtsilä engines, both to generate power and to drive the dredging pump…

WTO is 20

Jan 02, 2015

20 years ago, on 1 January 1995, the WTO opened its doors for business. Since then this organization, and the system of transparent, multilaterally-agreed rules that it embodies, has made a major contribution to the strength and stability of the global economy…

North Dakota's Bakken Club Evicted; Says Oil Drop Not a Factor

Jan 02, 2015

An exclusive private club in the heart of North Dakota's oil country has been evicted amid a spat with its landlord over building maintenance and unpaid rent, but the club's owners say it has nothing to do with low oil prices and they will reopen at another site…

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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Son of Sri Lanka's ex-president arrested on corruption charges
US Senate Democrats ask Postal Service to stop work on new mail-in voting regulations
Panama Canal defers Neopanamax draft reduction