Logistics

Higher Capesize Demand Pushes up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.

France's Fuel Supply Improving After Depot Blockades Cleared

The fuel supply situation in France is improving after a week of disruption and shortages caused by strikes and all but one of the country's fuel depot blockades has been cleared,

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

EU Okays Spain's Aid to Close 26 Coal Mines

EU regulators on Friday said Spain's plans to grant 2.13 billion euros ($2.4 billion) to help manage the closure of 26 uncompetitive coal mines complied with EU rules on state aid.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

Saudi Offers More Oil to Asia Ahead of OPEC Meet

Saudi offers more oil to Asia after field maintenance; output from Shaybah oilfield to hit 1 mln bpd in next 2 weeks. Saudi Arabia is offering extra crude to customers in Asia,

Shell: Refining Margins Remain Under Pressure

Shell Refining Co's refining margin is expected to remain under pressure owing to weak recovery in crude oil demand. The company's refining margin has come off from the peak of an average U.

Asia-N.Europe Box Freight Rates Soar 37 pct

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 37 percent to $720 per 20-foot container (TEU) in the week ending on Friday,

Strike Idles 38 Oil Tankers at Fos-Lavera

Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbour, up from 12 the previous day,

Oil Prices Ease from Seven-Month Highs

Analysts see oil prices in a $40-$50 range; supply disruptions slowly helping to clear oil glut. Oil futures fell below $49 on Friday, moving further away from a seven-month high hit a day earlier,

Saudi Aramco Discovering More Oil, Continues CapEx

Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand,

Strike Extended until Monday at Le Havre

French CGT union members at the CIM, an oil storage and supply services company which handles about 40 percent of French crude imports, have voted to extend their

Siem Renews Contract for Seven Reefers

 Norwegian liner Siem Shipping Inc. has won a one-year contract renewal for a regular weekly service from Ecuador to St. Petersburg, Russia. The contract extension

Zim Sinks to Red

 Israeli ocean carrier ZIM Integrated Shipping Services Ltd. (ZIM) has sunk to the red in the first quarter of 2016 after staying in the black for almost a year.

Cargo Services Hires Hadley as Accounts Manager

Cargo Services Inc., an Indiana owned and operated global freight-forwarder, announced that Andrew Hadley has joined the company as national accounts manager. In

Gazprom Sees 2016 Export to Europe at Around 165 bcm

Russia's Gazprom plans to export around 165 billion cubic metres of gas to Europe this year, the firm's deputy chief executive Alexander Medvedev told reporters on Thursday.

Nigeria: Military Move Would Not End Delta Pipeline Attacks

 A military confrontation will not end a series of attacks on oil and gas facilities in Nigeria's Delta region, a state committee said on Thursday.   "There is

Lower Large Dry Bulk Rates drag Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday dragged down by lower demand for larger vessel segments.

French Labor Seeks to Strangle Energy Supply Chain

The hardline CGT union sought to tighten its grip on France's energy supplies and transport network on Thursday as its stand-off with the government over planned

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