Logistics

Port of Long Beach Names HR Director

The Long Beach Board of Harbor Commissioners on Monday selected veteran human resources executive Louis Gutierrez as the port’s Managing Director of Human Resources and Team Development.

Standards Tighten for Supplying Seafarer Food in Mombasa

Accreditation to international quality standards in the supply of food and drink to ships is becoming essential to do business, says Mohammed Muses, Managing Director

Freeport-McMoran Lowers CapEx, Mulls Job Cuts

Diversified U.S. miner and energy producer Freeport-McMoran Inc said it would lower its capital budget for mining in 2016 by 25 percent, or $700 million, as commodity prices continue to weaken.

WTO Rules Against India in Solar Dispute with U.S.

The World Trade Organization (WTO) has ruled against India in a dispute with the United States over its solar power program, Indian business newspaper Mint reported on Wednesday.

Gulf Keystone Owed $283 mln for Iraqi Kurdistan Oil

Gulf Keystone Petroleum, one of a handful of foreign oil producers in Iraqi Kurdistan, said on Thursday it was owed $283 million for oil sales and other costs from the Kurdistan Regional Government.

Vale Sheds Another Australian Coal Mine

Buyers are Glencore, Bloomfield. Brazilian mining giant Vale has continued its disposal of non-core holdings, agreeing to sell a mothballed coal mine in Australia

Total Sells North Sea Gas Pipelines

French oil major Total has agreed to sell some of its gas pipeline assets in the UK's North Sea to North Sea Midstream Partners, an affiliate of U.S.-based private equity firm ArcLight Capital,

DP World H1 Earnings Jump, Mulls Iran launch

DP World may launch operations in Iran, the company's chairman said on Thursday, as the global ports operator reported a jump in half-year earnings after buying assets from its parent company.

Dubai Swaps Signal Weak Outlook for Asia Crude

Dubai monthly spreads widen in contango; Brent-Dubai Q4 2015/Q1 2016 swap spreads rise. The Dubai crude derivatives market has weakened, signaling a more pessimistic

PetroChina H1 Profit Plunges 63 Percent

PetroChina, China's biggest oil and gas producer, reported a 63 percent drop in first-half profits, with earnings upstream and in the marketing segment hit by lower prices,

Oil Jumps 4.5 pct as Equities Rally

Global stock markets rise on Asia, Wall Street rally. Oil prices jumped more than 4.5 percent on Thursday after a rally in equity markets and an unexpected fall in U.

Rosneft, EGAS Ink LNG Supply Deal

  Rosneft Trading SA, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company (EGAS) signed a Master LNG Supply and Purchase Agreement. The document

RoRo Operations Start at APM Terminals Pipavav

  APM Terminals Pipavav (Gujarat Pipavav Port Ltd) and NYK Auto Logistics (India) today announced the commencement of RORO operations at Pipavav Port. Ford Motors

Hapag-Lloyd Swings to Profit in H1 2015

 German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV),

Cosco Pacific Profits up 12%

 Major terminal operator Cosco Pacific has reported a 12% on-year increase in net profits for the first half of this year to nearly $164.4m on good cost control

CNOOC Profits Nosedives, Eyes South China Sea

 Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first half of this year.   Net income dropped to 14.

MN 100: AEP River Operations

AEP River Operations offers the largest covered hopper fleet of any carrier. Complementing its barge operations is a fleet of over 80 boats ranging in power from  1,550 to 11,000 hp.

Hapag-Lloyd Continues on Path for Profits

Merger with CSAV is expected to deliver $100 million higher synergies than targeted, strong operating results, significant increases in transport volume and revenue

Iran to Offer 3 Gas Fields for Investment

Iran will offer three gas fields to foreign investors at a conference in London later this year, an Iranian official said on Wednesday. Development of North Pars,

Some 50 Migrants Found Dead in Boat off Libya

Some 50 migrants were found dead in the hold of a boat off the coast of Libya on Wednesday during a rescue operation which saved 430 other people, the Italian coast guard said.

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