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| Formosa Petrochemicals imports and exports likely deferred following Mailiao fire | |  | | Taiwan's Formosa Petrochemicals Corp will defer several export cargoes of gasoline and diesel from end-August and is in talks to delay several crude import parcels, after a fire forced the closure of its refinery, its spokesman said on Wednesday.
Formosa exports 210,000-240,000 tonnes of term and spot gasoline cargoes
a month and has contracts with trading firms and Vietnam's state oil
importer Petrolimex. |
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| US steel Imports Down in June, Up for Year | |  | | U.S. steel imports declined by 13.6 percent in June compared with May but were up by nearly 130 percent from a year earlier, government figures show.
“These import data show that the steel market has not recovered its
strength in 2010,” said David Phelps, president of the American
Institute for International Steel. |
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| Iran\'s NITC stores crude on two tankers at sea | |  | | Private Iranian tanker operator NITC is storing crude oil on two tankers at sea which will discharge in the coming days, NITC chairman Mohammad Souri told Reuters.
"If we are talking about the number of NITC tankers at the moment, it is
only two for crude oil. |
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| Maersk Hikes India-South America Rates | |  | | Maersk Line will seek a general freight rate increase on cargo moving on its services from the Indian subcontinent and the Middle East to South America West Coast and Central America (excluding Cuba).
Effective Sept. 1, the planned increase will be $250 per 20-foot and $500 per 40-foot equivalent unit. |
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| Emirati port official says Japanese tanker damaged in Persian Gulf was likely in a collision | |  | | The chief official at the port where a Japanese tanker was docked a day after it was damaged at the mouth of the Persian Gulf said Thursday investigators now believe the ship was involved in a collision, backing away from an earlier theory that natural causes were to blame. |
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| India yet to decide on Shipping Corp stake sale | |  | | The Indian government is yet to take a decision on a stake sale in Shipping Corp of India, while share sales in Dredging Corp of India and Cochin Shipyard are also yet to be decided, a top government official said. |
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| GE Shipping posts 11% rise in Q1 net | |  | | Great Eastern Shipping Company Ltd (GE Shipping) has earned a net profit after tax of Rs 105.94 crore for the quarter ended June 30, 2010 compared with Rs 126.28 crore for the quarter ended June 30, 2009.
Total income has decreased from Rs 629. |
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| New Bulk Carrier Maizuru Bishamon Delivered | |  | | On July 29, NYK took delivery of a new 88,000 DWT bulk carrier, Maizuru Bishamon, which was built at the Marugame Shipyard of Imabari Shipbuilding Co. Ltd. (location: Marugame City, Kagawa Prefecture). |
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| Hornbeck Offshore Announces Second Quarter 2010 Results | |  | | Hornbeck Offshore Services, Inc announced yesterday results for the second quarter ended June 30, 2010. |
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| Suspected pirates plead not guilty to new charges | |  | | Eleven Somali nationals accused in separate pirate attacks on U.S. Navy ships off Africa have pleaded not guilty in Virginia to a new indictment. The U.S. |
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