Trader Mercuria extends newbuilding push with product tanker pair
Order is the trader’s second new vessel contract this year
Vopak eyes Asian advantage with new $1.35bn Canadian LPG terminal
Dutch group takes final investment decision on ‘large-scale’ facility
Wilhelmsen and RoundFort Capital unveil ‘ground-breaking’ funding model for port and canal fees
Partners believe new service could free hundreds of millions of dollars of working capital
Guangzhou Shipyard inks $465m worth of product tanker contracts in Athens
Chinese yard seals four-ship deal with Eastern Pacific and another pair with Vietnam’s Asia Pacific Shipping
Asian factory activity expands in May on robust global demand
Asian factory activity expanded in May as manufacturers benefited from broadening global demand, private surveys showed on Monday, adding to…
Cut rates – then what? Five questions for the ECB
The European Central Bank (ECB) looks set to cut rates for the first time since 2019 on Thursday, but what…
Moody’s raises China’s growth forecast to 4.5% for 2024
Moody’s raised China’s growth forecast for 2024 to 4.5% from 4.0%, it said in a statement released on Monday, noting…
US manufacturing and construction cool more than expected
ISM remains in contraction territory In Monday’s US data flow we have a surprise drop in the May ISM manufacturing…
Venezuela’s May oil exports rise 30% during US wind-down period
Venezuela’s oil exports recovered in May from a low figure the previous month as state oil company PDVSA’s customers rushed…
Russia’s May pipeline gas exports to Europe jump 39%, calculations show
Russian energy giant Gazprom’s average daily natural gas supplies to Europe in May rose by 7.3% from April and 39%…