Tag: Shipping
Chinese, Australian ports jammed as demand for coal, iron ore soar
Chinese coal demand up 10 per cent in 2017 Rising demand in China for coal and iron ore have caused bottlenecks in China’s commodity supply chain. Placed end-to-end, there are enough cargo ships waiting outside Chinese and Australian ports to stretch more than 40 miles. Outside some Australian ports, some vessels are waiting to load […]
New service making Western Canadian natural gas to Ontario, U.S. more competitive
By 2020 TransCanada expects an additional delivery of 1 billion cubic feet of natural gas per day to key markets TransCanada Corporation announced its Canadian Mainline will began shipping additional Western Canada Sedimentary Basin natural gas to markets in Eastern Canada and the U.S. as part of its Long-Term Fixed Price (LTFP) service, according to […]
Shippers brace for new rules to cut deadly sulphur emissions
EU, China pushing for stricter sulphur emissions rules, sooner By Roslan Khasawneh and Keith Wallis SINGAPORE, Oct 4 (Reuters) – The global shipping industry is bracing for a key regulatory decision that could mark a milestone in reducing maritime pollution, but which could nearly double fuel costs in a sector already reeling from its worst […]
Saudi shipper Bahri plans to increase VLCC fleet to 46
Bahri exclusive shipper for Saudi Aramco By Marwa Rashad DUBAI, July 17 (Reuters) – National Shipping Company of Saudi Arabia (Bahri) is planning to increase its fleet size to around 46 ships by the end of 2018, a senior executive said on Sunday. The figure would likely make the company, the exclusive oil-shipper of […]
Shipping pollution worsens air over China, killing thousands -study
Shipping pollution overshadowed by vehicles, factories By Alister Doyle OSLO, July 18 (Reuters) – A boom in shipping is aggravating air pollution in China and other nations in East Asia, causing thousands of deaths a year in a region with eight of the world’s 10 biggest container ports, scientists said on Monday. Often overlooked […]
Oil glut means 1,300 offshore support vessels lying idle worldwide
Oil glut, exploration slowdown a boom for ship preservation companies By Aradhana Aravindan and Keith Wallis SINGAPORE, May 31 (Reuters) – Not everyone in shipping is bemoaning the industry’s worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around southeast Asia are busier than they have […]
Pressure builds on shipping industry to set carbon targets
Shipping industry to set carbon targets By Jonathan Saul and Nina Chestney LONDON, May 5 (Reuters) – Disagreement among nations means no carbon emissions targets have been set for the international shipping industry, but voices from within the industry are calling for global curbs to be set soon, before countries or regional blocs take matters into their […]
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