Latest Shipping News

Gulf tanker incidents may raise shippers' costs, cut traffic

Jul. 20, 2019 7:04 PM EDT

Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a serious risk even without war, energy and maritime experts say. On...

Gulf tanker incidents may raise shippers' costs, cut traffic

Jul. 19, 2019 8:03 PM EDT

Recent seizures and attacks aimed at oil tankers in the Strait of Hormuz will raise insurance rates for shipping companies and, if unchecked, reduce tanker traffic in the vital waterway, according to energy experts. Britain's foreign secretary said Iranian authorities on Friday seized two ships, one flying under...

The Latest: Central Command says US intensifying air patrols

Jul. 19, 2019 7:34 PM EDT

TEHRAN, Iran (AP) — The Latest on developments related to tensions between the U.S and Iran (all times local): 2:10 a.m. U.S. Central Command says the U.S. has intensified air patrols over the Strait of Hormuz in response to the Iranian seizure of a British tanker. A Central Command spokesman, Lt. Col....

2 workers die after being trapped in grain silo

Jul. 19, 2019 3:26 PM EDT

TOLEDO, Ohio (AP) — A shipping business in Ohio says two workers died after they were trapped in a silo filled with grain. The workers became trapped Friday morning inside the silo operated by The Andersons in Toledo. A Toledo fire department spokesman says rescue crews spent nearly two hours trying to...

Mail carrier convicted in scheme to deliver pot packages

Jul. 17, 2019 2:25 PM EDT

NEWARK, N.J. (AP) — A postal service worker has been convicted of intercepting packages of marijuana and delivering them to a drug dealer in return for cash payments. Federal prosecutors say Fred Rivers was convicted Tuesday on a conspiracy count but acquitted of taking bribes. The 47-year-old Newark man...

Asian stocks mixed as Wall Street ends 5-day winning streak

Jul. 16, 2019 11:22 PM EDT

TOKYO (AP) — Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. Japan's benchmark Nikkei 225 dipped 0.4% to 21,445.03 in morning trading. Australia's S&P/ASX 200 added 0.4% to 6,667.60. South Korea's Kospi dipped...

Feds: Moving land agency will save money, improve decisions

Jul. 16, 2019 7:57 PM EDT

DENVER (AP) — The Trump administration said Tuesday that it can save taxpayers millions of dollars, make better decisions and trim a "top heavy" office in Washington by moving the headquarters of the nation's biggest land agency to Colorado and dispersing scores of jobs across 11 states in the U.S. West....

The Latest: Trump administration to move land agency west

Jul. 16, 2019 5:25 PM EDT

DENVER (AP) — The Latest on the Trump administration plan to move the Bureau of Land Management headquarters from Washington to Colorado (all times local): 3:20 p.m. The Trump administration says it can save taxpayers up to $100 million over 20 years and trim a "top-heavy" office in Washington by moving...

Bayer moving 500 jobs from North Carolina to St. Louis

Jul. 16, 2019 4:37 PM EDT

JEFFERSON CITY, Mo. (AP) — German pharmaceutical giant Bayer AG is closing its crop science division headquarters in North Carolina and moving 500 jobs to the St. Louis area, Missouri Gov. Mike Parson and a company executive announced Tuesday. Lisa Safarian, Bayer's commercial operations-North America...

The Latest: Agency may move, bring jobs to 3 Western states

Jul. 15, 2019 10:34 PM EDT

DENVER (AP) — The Latest on Bureau of Land Management headquarters moving from Washington to Colorado (all times local): 7:35 p.m. A spokesman for Utah Republican Congressman Rob Bishop says Colorado, Nevada and Utah could each gain about 50 federal employees as the U.S. Bureau of Land Management shifts...