China, Greece Agree to Push Ahead with COSCO’s Piraeus Port Investment

ATHENS, Nov 11 (Reuters) - China and Greece agreed on Monday to push ahead with a 600 million euros investment by COSCO Shipping into Greece's largest port, Piraeus, as part of efforts to boost its role as a hub in rapidly growing trade between Asia and Europe. The agreement, part of 16 trade deals signed between Greece and China, came during an official visit by Chinese … [Read more...]

Singapore Pushes Shipping to Adopt Cleaner Fuels

By Roslan Khasawneh SINGAPORE, Nov 8 (Reuters) - Singapore is pushing the shipping industry to use cleaner fuels such as liquefied natural gas (LNG) in a bid to reduce the city state's carbon emissions, the Maritime and Port Authority's (MPA) chief said on Friday. The country is introducing incentives for ships to install engines that use alternative fuels with lower carbon … [Read more...]

Texas Coast Supertanker Terminal On Track for Late 2022

By Devika Krishna Kumar NEW YORK, Nov 7 (Reuters) - Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule, with the project expected to be in service by late 2022 or early 2023. The company has also made advances on the regulatory and permitting … [Read more...]

Big Oil Stuns Brazil in Back-to-Back Auction Flops

By Marianna Parraga, Gram Slattery and Marta Nogueira RIO DE JANEIRO, Nov 7 (Reuters) - Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up promising offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA. The only block awarded in Thursday's bidding … [Read more...]

BHP Says It’s Been Unaffected by COSCO Sanctions

LONDON, Nov 7 (Reuters) - The sanctions imposed by the United States on subsidiaries of Chinese state-owned group COSCO have not affected the world's biggest dry bulk shipper BHP , the mining company said, after carrying out due diligence to check. In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian oil exports, Washington … [Read more...]