By Steve Scherer and Isla Binnie ROME/MADRID, June 11 (Reuters) - Spain offered on Monday to take in a humanitarian ship stranded in international waters with 629 migrants aboard, prompting Italy's new anti-establishment government to claim victory in its bid to get European partners to help more on immigration. Italy and Malta had both refused to let the Gibraltar-flagged … [Read more...]
Shell’s Massive Prelude FLNG Goes ‘Live’ Off Western Australia
Royal Dutch Shell's massive Prelude floating liquefied natural gas platform has gone 'live' off the coast of Australia after taking on board its first gas. The LNG was imported by the LNG carrier Gallina, arriving from Singapore, marking what was also Prelude's first ship-to-ship (STS) transfer. The loaded LNG will give Shell the opportunity to test Prelude's LNG export … [Read more...]
Shipping’s 2020 Low Sulphur Fuel Regulation to Hit Airlines
By Alex Longley and Benjamin Katz (Bloomberg) -- From the window of a jet plane, it can be hard to see ships crawling across the seas. Yet what’s burning in those engines thousands of feet below may determine the fate of airline profits in the next few years. In about 18 months’ time, the world’s oil refineries are going to have to supply shipping companies with … [Read more...]
Hapag-Lloyd Scaling Back Iran Business
FRANKFURT, June 11 (Reuters) - German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed sanctions on Tehran. Hamburg-based Hapag-Lloyd, the world's fifth largest container company, said it had initiated a process to stop handling products … [Read more...]
Inmarsat Soars After Satellite Company Rejects EchoStar Bid
By Kim Robert McLaughlin (Bloomberg) -- Inmarsat Plc rose as much as 12 percent after the British satellite company last week said it had rebuffed a takeover proposal from EchoStar Corp. A “highly preliminary” offer was turned down by the board after discussions with its advisers, Inmarsat said in a statement on Friday. “It very significantly undervalued Inmarsat and its … [Read more...]
