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Middle East crude rises as Asia ships more oil to US

Middle East crude rises as Asia ships more oil to US Oil traders and refiners scrambled yesterday to move prompt crude oil and product supplies from Asia to the US West Coast, anticipating tighter markets with the closure of BPs massive Prudhoe Bay oilfield. The shipments gave more lift to Middle East sour crude prices and regional jet fuel differentials, traders said. US refiner Tesoro Corp booked the 80,000-tonne crude oil tanker Cape Avila from Oman to the West Coast in early September, shipbrokers said. More : gulfnews.com

Container lines to raise prices on Asia-U.S. route

Container lines to raise prices on Asia-U.S. route Shipping lines serving the busy route from Asia to North America will further increase the price of container shipments to the U.S. East Coast in the upcoming peak season to cover higher costs. The Transatlantic Stabilization Agreement carrier group said in a statement that its member lines would raise a planned peak season surcharge of $400 per 40-foot container from Asia to the U.S. East Coast and U.S. Gulf Coast to $500 effective July 15 and to $600 from Aug. 15 until Nov. 15. The increased charge will apply to all containers moved through the

It’s a gas: Oz preferred LNG supplier to Asia, US west coast

It's a gas: Oz preferred LNG supplier to Asia, US west coast AUSTRALIA would be the preferred LNG supplier to Asia and the west coast of the United States for at least the next five years, federal Resources Minister Ian Macfarlane said yesterday, ensuring the nation billions of dollars worth of export revenues. Speaking to The Australian on his return from an official visit to the US and Mexico, Mr Macfarlane said the oil and gas industry in the US was "very upbeat" about Australia's prospects of becoming a supplier. "At the price for natural gas current in the US, there is

Shipping Lines Raise Rates for Asia-Bound Vegetables

Shipping Lines Raise Rates for Asia-Bound Vegetables Evergreen Marine Corp., Hapag-Lloyd AG and nine other container shipping lines said they will increase rates next month for transporting chilled vegetables to Asia from the U.S., after refrigeration costs climbed. The 11-member Westbound Transpacific Stabilization Agreement will raise rates by $300 for every 40-foot container of potatoes, onions and other vegetables starting on May 15 and $240 per 20-foot box, according to an e-mailed statement today, which didn't disclose the actual shipping rate. The rate was last raised in May 2005, it said. Evergreen, Neptune Orient Lines Ltd. and other sea carriers

Alameda-Based Cutter Heading To Southeast Asia

Alameda-Based Cutter Heading To Southeast Asia An Alameda-based U.S. Coast Guard cutter will leave for Southeast Asia Monday morning to participate in a series of international training exercises with the goal of fostering cooperation between the navies and Coast Guard forces of each participating nation. Hosted by Indonesia, Singapore, Brunei, Thailand, Malaysia and the Philippines, Cooperation Afloat Readiness and Training focuses on improving combat-oriented operational interoperability among the participating forces, according to the Coast Guard. The separately established South East Asia Cooperation Against Terrorism program concentrates on improving maritime security skills and was initiated in 2002 in an effort to combat