Logistics

Southern California Port Congestion

  Hapag-Lloyd informs about the congestion at the ports of Los Angeles and Long Beach that has reached a critical point. I. Several container ships are anchoring

Confidence High in UK Logistics Sector

The latest U.K. Logistics Confidence Index commissioned by Barclays and Moore Stephens reveals that confidence in the U.K. logistics sector remains high but more

Kirby Corp. Announces Record 3Q Results

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability.

Vale Financials Disappoint; Iron Ore Prices, Currency Cited

Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency.

TransCanada Seeks Nod for East-West Pipeline

TransCanada Corp said on Thursday it had filed for regulatory approval of its C$12 billion ($10.8 billion) Energy East pipeline, pushing ahead with a plan to ship

ConocoPhillips Sheds Nigeria Asset, 3Q Profit Up

ConocoPhillips, the largest U.S. independent oil company, reported higher third-quarter profit on Thursday, lifted by the sale of its Nigerian business. Over the last several years,

US Natgas Exports Would Raise Energy Prices but Boost Economy

Expanded U.S. liquefied natural gas exports would mean a modest price increase for domestic consumers, but the higher costs would be offset by a boost to the economy, the U.

Iran Gas Exports to Europe Would Take at Least 5 Years

Iran would take at least five years to start exporting natural gas to the European Union if sanctions were removed, industry experts said on Wednesday. Last month,

China Aviation Oil Seeks Jet Fuel for Nov-Dec

China Aviation Oil (Singapore) is seeking up to 2.056 million barrels of jet fuel for loading over November to December, a tender document showed on Wednesday.

Vestas Wins TranCanada 15-year Service Contract

Danish wind turbine maker Vestas Wind Systems said on Wednesday it has received a 15-year service contract for the Kibby Wind Project in Maine in the United States.

OPEC: Don't Panic Over Crude Prices

Fundamentals do not reflect "this low price" - Badri. U.S. oil output will slow in 2018-2020, saysO PEC. There is no need to panic at the recent drop in oil prices,

Statoil Records Loss; Energy Prices Impact Profits

Shares fall as much as 2.5 percent; takes impairment on Canada, Angola, U.S. Norway's Statoil reported an unexpected third-quarter net loss on Wednesday, weighed down by impairments,

Total Profits Beat Street, CEO Reaches Out

Net adjusted profit down 2 pct to $3.56 bln; Oil and gas output down 8 pct to 2.122 mln boepd. French oil company Total's new chief will visit oil-rich countries

Iraqis Advance in Bid to Retake Refinery

Iraq's biggest refinery under siege since June; new push against Islamic State aims to cut supply lines. Offensive coincides with peshmerga deployment to Kobani.

UK Terminal Outage Cuts Norway's Gas Exports

An ongoing outage at Shell's SEGAL gas import terminal in Britain will reduce Norwegian gas exports by 14.9 million cubic metres (mcm) per day on Wednesday, more than previously expected,

Gazprom Looks for New Talks Opal Gasline

Russia's top natural gas producer Gazprom said on Wednesday it had failed to reach a deal on the Opal gas pipeline with the European Commission and wants to hold new talks.

CEVA and L’Oréal Extend Relationship in Indonesia

  CEVA Logistics, a leading global supply chain management company, announced a contract renewal and expanded business with L'Oréal in Indonesia, the world's leading beauty brand.

Good Performance by Dun & Bradstreet in 3Q 2014

  Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2014.

St. Lawrence Seaway Workers Threaten to Strike

Union workers on the St. Lawrence Seaway, the waterway that links the Great Lakes and the Atlantic Ocean, have given notice of a possible strike, which could start on Friday afternoon,

Liebherr Scores Several RTG Orders

DP World Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further five RTGs at its Manila facility following an order of two units

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