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Tag Archives: shipping

When big rigs push past the safety rules

The semitrailer truck rumbled south down Houston County Road 9, a two-lane highway that rolls across the fertile farmland of southeast Minnesota, on an overcast Saturday morning in March. The roads were clear of ice and snow, and the truck’s trailer was loaded with giant bales of hay. Dale and Teresa Erickson, married for 26 years, were cruising north in ...

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Big data helps shipping lines cut fuel bills and emissions – Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported. Maersk Line, the world’s largest container carrier, cut fuel consumption by more than 13 percent between 2012 and 2014, ...

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Senators chide freight railroads on delays

Joan Lowy | Associated Press WASHINGTON — Senators and shippers complained Wednesday that widespread delays in freight rail shipments are hurting a wide array of industries and driving some companies out of business, and they expressed doubt that the railroad companies are doing all they can to fix the problem. The delays, which escalated late last year and continued through ...

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Three ships collide on Mississippi River, oil spilled

Marissa Hall | Shale Plays Media Three vessels collided late Tuesday night on the Mississippi River near New Orleans. Carlie Kollath Wells for the New Orleans Times-Picayune reports: The Coast Guard said the crash happened when the Maltese-flagged vessel Flag Gangos lost power and steering near mile marker 97.4 on the lower Mississippi River. The Flag Gangos collided around 11 ...

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As gas flows, Exxon’s $19 bln PNG plant still faces risks

BY MATT SIEGEL SYDNEY May 21 (Reuters) – ExxonMobil’s $19 billion liquefiednatural gas (LNG) project in Papua New Guinea, which is shipping its first cargo, is set to dramatically transform one of Asia-Pacific’s most unstable countries, for better or for worse. The LNG venture, which is expected to produce more than 9 trillion cubic feet of gas over 30 years, is the largest ...

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U.S. lawmakers to weigh speeding up LNG exports to help Europe, Ukraine

lng ship

(Reuters) – U.S. lawmakers will hear testimony on Tuesday from those who favor loosening restrictions on liquefied natural gas exports so that abundant American supplies could help reduce Ukraine and Europe’s dependence on Russian gas. European worries about the security of energy supplies have grown since Russian forces seized control of the Crimean peninsula from Ukraine this month. Moscow has in years past cut gas supplies ...

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‘Significant’ oil spill closes US ship channel

oil barge houston

TEXAS CITY, Texas (AP) — No timetable has been set to reopen a major U.S. shipping channel after nearly 170,000 gallons of tar-like oil spilled into the Texas waterway, but more help was being called in Monday to contain the spill and protect important shorebird habitat. A barge carrying about 900,000 gallons of the heavy oil collided with a ship ...

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Ship glut burdens LNG tanker market, slashes profits

LNG

Tue Mar 11, 2014 10:50am EDT * LNG vessel rates halve to $70,000/day * Leveraged owners struggle to turn profit * Rates will fall further -analyst * Crude, oil products tanker market recovering from downturn By Jonathan Saul and Oleg Vukmanovic LONDON, March 11 (Reuters) – Deliveries of new gas tankers have created a glut that is threatening to tip some operators ...

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