Australia's Port Kembla Reopens after Bulker Fire
A fire in the hold of a bulker ship on Monday briefly closed Australia's Port Kembla, the second-largest coal export port in New South Wales state, stopping shipping for eight hours.The port was shut soon after the blaze began before dawn on the MV Iron Chieftain as it unloaded dolomite, a mineral used in steelmaking which was destined for BlueScope Steel Ltd's nearby blast furnace. No injuries were…
Asian Shares, Oil Fall as US-China Trade Spat Escalates
Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.Fears of a global trade war added to pressure on oil prices, which extended Friday's big fall, while the dollar retreated from near 3-week highs against the safe haven yen.Spreadbetters suggested a subdued start for European shares, with FTSE futures off about 0.1 percent. U.S.
China's Tariffs on US Oil Would Disrupt $1 Bln Monthly Business
China's threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.In an escalating spat over the United States' trade deficit with most of its major trading partners, including China, U.S. President Donald Trump said last week he was pushing ahead with hefty tariffs on $50 billion of Chinese imports, starting…
Fire Aboard 1,000-foot Freighter in Lake Superior
The U.S. Coast Guard received a report of a generator fire aboard a 1,013 foot bulk carrier freighter in Lake Superior, at 4:20 a.m. Monday.The master of motor vessel Paul R.
Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round
Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway, the Ministry of Oil and Energy said on Monday."This licensing round confirms that the oil companies see opportunities for further profitable petroleum activity in the north…
Russia's Q3 Oil Exports via Baltic Ports Seen Falling
Russian exports and transit of Urals oil through Baltic Sea ports are seen at 19.15 million tonnes in the third quarter, down from 19.8 million tonnes in the second quarter, industry sources said.Exports of Russian Urals and Siberian light oil from the Black Sea port of Novorossiisk are expected to rise to 8.5 million tonnes in the third quarter from 8.1 million tonnes in the second quarter, the sources said.(Reporting by Olga Yagova; writing by Maria Tsvetkova; editing by Jason Neely)
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