Logistics

Crowley’s Brickman Inducted into FCBFA Hall of Fame

Crowley's Jay Brickman, vice president of government and Cuba services, was honored last week with induction into the Hall of Fame of the Florida Customs Brokers & Forwarders Association (FCBFA),

Baltic Index Dips on Weaker Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, hurt by lower rates for capesize and panamax vessels.

Libya Outlines Ambitious Plans to Restore Oil Output

Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said.   Oil output is now less than a quarter of the 1.

Angola to Restructure State oil firm Sonangol

Angola, Africa's second largest oil exporter, will restructure state firm Sonangol, the oil ministry announced on Wednesday, aiming to "increase efficiency and profitability".

Philippines: Coordinated Patrols Needed to Protect Shipping

The Philippines has been discussing coordinated naval patrols on its southern maritime borders with Indonesia and Malaysia to protect shipping after attacks and kidnappings by Islamist militants,

Tullow Oil Trims CapEx, Gains Bank Extension

Banks agree to loan facility extension; Q1 West Africa output below expectations. Oil and gas producer Tullow Oil has cut its annual capital expenditure plans

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

Oil Loses Commodity Trade Crown to Unlikely Challenger

China Apr rebar turnover overtakes crude, but many wary China's soaring rebar trading will collapse. Crude oil futures, long the king of commodity trading, have

Marathon Ekes out Profit Despite Weak Crack Spread

Refiner Marathon Petroleum Corp barely eked out a profit in the first quarter, hurt by weak crack spreads - the difference between the prices of crude oil and refined products.

Crude Prices Ease after Hitting 2016 Highs

Traders take profits after steep April Brent, WTI rallies; falling U.S. production, weak dollar seen as supports. Oil futures slid after setting a 2016 high

Strong Surf Blocks Entry for Brazil's Largest Port

An agitated sea has blocked the entrance to Brazil's largest port of Santos, preventing ships from entering or leaving for more than 12 hours during peak soy export season.

ConocoPhillips Posts Q1 Loss, Cuts 2016 CapEx

ConocoPhillips, the largest U.S. independent oil company, posted a first-quarter loss, compared with a year-earlier profit, and cut its spending budget for the

Alliance Merry-go-round Spins Again

 Four carriers have announced a new OCEAN Alliance to start next year. Where does this leave those carriers left behind?   To the surprise of many it was announced

CMA CGM at the Heart of Paris Art Installation

Worldwide shipping group CMA CGM  announced that it is the main partner of the Monumenta 2016 art exhibition in Paris.    CMA CGM has decided to be at the heart of the creation of the masterpiece,

Cosco Pacific Appoints Zhang Wei as Vice Chairman

 Cosco Pacific Ltd. has appointed Zhang Wei as vice chairman and managing director, replacing Qiu Jinguang who has stepped down from the positions with immediate effect, reports Dow Jones.

Argentina's YPF to Ship Oil to China, Spurred by Subsidy

Argentine state oil company YPF a will export 200,000 barrels of oil to China in a deal spurred by a new government subsidy designed to encourage drilling in the South American country,

Baltic Index Up on Firmer Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by stronger demand for capesizes and smaller shipping vessels.

Saudis Will Struggle to Kick Oil Addiction: Kemp

"King Abdulaziz and the men who worked with him for the establishment of the state did not depend on oil and they established the kingdom without oil, and they ran this state without oil,

Statoil: Limited U.S. LNG Impact in Europe this Year

The European natural gas market is well supplied by pipeline gas from Norway and Russia, Norway's Statoil said on Wednesday, adding that it expected only limited impact from U.

Baker Hughes: US Rig Count May Stabilize in 2016

Oilfield services provider Baker Hughes Inc said on Wednesday that U.S. rig count will likely stabilize in the second half of the year after falling in the current quarter.

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