Port Hedland Iron Ore Exports to China Soar in August

Port Hedland. File photo: Shutterstock/

SYDNEY, Sept 3 (Reuters) - Iron ore exports to China from Australia's Port Hedland rose 15 percent to 33.9 million tonnes in August from July, as BHP Billiton and Fortescue Metals Group operated at maximum production rates despite a softening market, figures released on Thursday showed. The August increase over July sent total iron ore exports from the world's biggest iron … [Read more...]

China Building Two Aircraft Carriers, Taiwan Defense Ministry Says

China's first aircraft carrier

  By J.R. Wu TAIPEI, Sept 3 (Reuters) - China is building two aircraft carriers that will be the same size as its sole carrier, a 60,000-tonne refurbished Soviet-era ship, according to a new Taiwanese Defence Ministry report on the capabilities of the People's Liberation Army (PLA). Little is known about China's aircraft carrier programme, which is a state secret, … [Read more...]

Chinese Navy Ships Make First Appearance in Bering Sea

CNS_Haikou_(DDG-171)_in_Rim_of_the_Pacific_(RIMPAC)_Exercise_2014

By Phil Stewart WASHINGTON, Sept 2 (Reuters) - Five Chinese Navy ships are sailing in international waters in the Bering Sea off Alaska, the Pentagon said on Wednesday, in an apparent first for China's military that came as U.S. President Barack Obama toured the U.S. state. Pentagon spokesman Captain Jeff Davis said it was the first time the United States had observed … [Read more...]

European Commission Signs Off On Shell’s Bid for BG Group

Teekay's Petrojarl Knarr FPSO is on charter to BG Group. Photo: BG Group

  Sept 2 (Reuters) - BG Group Plc said the European Union's antitrust regulators had approved Royal Dutch Shell Plc's $70 billion takeover bid for the oil and gas producer. The deal, which will help Shell compete better with world No. 1 oil major ExxonMobil, has already received the green light from regulators in the United States, Brazil and South Korea. BG and … [Read more...]

Greek Coast Guard Nabs Arms Smuggling Ship Bound for Libya

Photo (c) Shutterstock/ Iablonskyi Mykola

ATHENS, Sept 2 (Reuters) - Greek authorities have seized a freighter carrying an undeclared shipment of weapons en route from Turkey to Libya, coast guard officials said on Wednesday. A coast guard patrol boat raided the vessel on Tuesday, 20 nautical miles northeast of Crete. The freighter, with a crew of seven and which had sailed from the Turkish port of Iskenderun, was … [Read more...]

Huntington Ingalls Wants Dibs on Obama’s Icebreakers

The medium icebreaker USCGC Healy cruises through the Arctic Ocean Aug. 19, 2015, in support of the Geotraces mission. U.S. Coast Guard Photo

  WASHINGTON, Sept 1 (Reuters) - Huntington Ingalls Industries Inc, which builds aircraft carriers and U.S. Navy warships, on Tuesday said it was keen to bid to build new icebreakers for the U.S. Coast Guard, after President Barack Obama pushed for quicker work on the program. The company's Ingalls shipbuilding unit, based in Pascagoula, Mississippi, built the newest … [Read more...]

President Obama Wants More Heavy Icebreakers

The Coast Guard Cutter Polar Star is the United States only operational heavy icebreaker. U.S. Coast Guard Photo

  By Roberta Rampton ANCHORAGE, Alaska, Sept 1 (Reuters) - President Barack Obama on Tuesday proposed a faster timetable for buying a new heavy icebreaker for the U.S. Arctic, where quickly melting sea ice has spurred more maritime traffic and the United States has fallen far behind Russian resources. The move, part of a push to convince Americans to support … [Read more...]