Cargo and Freight Shipping
Poland to invest 1.1 bn euros in gas pipelines
Feb 12, 2013 07:33 EST
Poland will invest 1.1 billion euros ($1.4 billion) as of 2014 in a gas pipeline network linking an new Baltic LNG terminal at Swinojscie with its Czech, Slovak and Ukrainian neighbours, Poland's state-owned gas transmission monopoly Gaz-System said on Tuesday.
Three foreign sailors kidnapped off Nigeria: shipping firm
Feb 08, 2013 17:36 EST
Pirates have attacked a British-flagged cargo ship off Nigeria and kidnapped one Romanian and two Russian crew members in the latest such incident to hit the region, a statement said Friday.
French/Chinese shipping groups CMA CGM, CMHI unveil tie up
Jan 25, 2013 12:08 EST
French container shipping company CMA CGM has sold 49 percent of its Terminal Link unit in Marseille, southern France, to China Merchants Holdings International (CMHI) for 400 million euros ($540 million) in the first phase of a strategic partnership, they said on Friday.
Pollution turns Hong Kong harbour from 'fragrant' to foul
Jan 11, 2013 03:03 EST
Hong Kong's name may mean "fragrant harbour", but cargo ships burning dirty fuel in what is one of the world's busiest ports add to a foul layer of pollution that kills more than 3,000 people a year.
TransCanada announces new Western Canada gas pipeline
Jan 09, 2013 12:52 EST
TransCanada announced Wednesday it plans to build a Can$5 billion (US$5.06 billion) natural gas pipeline from the North Montney gas-producing region in Western Canada to a Pacific Coast port.
Global shipping hits record volume as prices fall: UN
Dec 04, 2012 13:56 EST
International shipping volumes gained 4.0 percent in 2011 to a record 8.7 billion tonnes even as prices fell sharply owing to surplus capacity, a United Nations think tank said Tuesday.
Vietnam in sabotage claim against Chinese boats
Dec 03, 2012 23:49 EST
Vietnam's state-run energy giant PetroVietnam accused Chinese fishing vessels of sabotaging one of its boats, state media said Tuesday, the latest clash in the disputed waters of the South China Sea.
US to allow extra oil tankers to ease storm woes
Nov 02, 2012 12:41 EDT
The United States said Friday it will allow additional oil tankers from the Gulf of Mexico to enter northeastern ports to provide more fuel to the region battered by Hurricane Sandy.
India urges Asian unity in battle against pirates
Oct 03, 2012 12:06 EDT
India called Wednesday for greater regional unity to combat the threat of piracy in Asia's busy shipping lanes as it hosted a 17-nation meeting of maritime security officials.
Venetian gondolier to paddle 300km down Danube
Sep 14, 2012 11:02 EDT
He won't carry passengers but he might serenade passing cargo ships, says a 71-year-old Venetian gondolier who set off from Vienna Friday for Budapest in a bid to link the two cities by gondola for the first time.
Guantanamo detainee charged for oil tanker plot
Aug 30, 2012 10:23 EDT
US military prosecutors filed charges Wednesday against a Guantanamo Bay prisoner for training with Al-Qaeda and plotting to attack oil tankers in the Strait of Hormuz and off Yemen's coast.
Zanzibar to deregister Iranian oil tankers
Aug 13, 2012 09:03 EDT
The government in Zanzibar, a semi-autonomous part of Tanzania, will deregister Iranian oil tankers flying its flag to dodge sanctions, Maritime Transport Minister Rashid Suleiman Seif said Monday.
Sanctions-hit Iran 'expands' oil tanker insurance
Jul 28, 2012 09:48 EDT
Iran is expanding a promise to insure shipments of its oil to include both Iranian and foreign tankers, in an effort to get around EU sanctions crimping its crude exports, reports said Saturday.
Iran 'expands' oil tanker insurance
Jul 28, 2012 06:40 EDT
Iran is expanding its insurance on its fleet of 47 oil tankers through a multi-billion-dollar line of credit as it seeks to get around EU sanctions crimping its crude exports, reports said on Saturday.
Tanzania probes Iran oil tanker reflagging reports
Jul 05, 2012 11:43 EDT
Tanzania said Thursday it is investigating US accusations it reflagged Iranian oil tankers to help Tehran evade US and EU sanctions.
Saudi giant plans to merge two oil carriers
Jun 27, 2012 14:54 EDT
Saudi Arabia's oil giant Aramco on Wednesday announced plans to merge its company Vela with Saudi firm Bahri to form the world's fourth largest oil transporter.
2012 vital year for Chine's economy: upbeat Hu
Jun 15, 2012 18:55 EDT
2012 is a vital year for China as it moves into a new five-year plan, an upbeat Chinese President Hu Jintao said Friday in the first and only public speech of his three-day state visit to Denmark which ends Saturday.
Greek ship magnates stay afloat as economy sinks
Jun 07, 2012 06:33 EDT
Greece's economy may be on its knees, but as evidenced in Athens at the world's biggest maritime trade fair this week, the global titans that are its shipping magnates are still standing tall -- for now.
Sri Lanka's Chinese-built port opens for business
Jun 06, 2012 02:05 EDT
Sri Lanka's first Chinese-built port, a strong symbol of Beijing's investment in South Asia, opened for international shipping on Wednesday with the handling of 1,000 cars from India.
New canal links S.Korea capital to Yellow Sea
May 25, 2012 03:00 EDT
A $1.9 billion canal linking the South Korean capital Seoul to the Yellow Sea opened Friday after two decades of controversy which halted or delayed construction.
