Diana Shipping stalwart Zafirakis emerges as seller of product tanker to OceanPal spin-off
Veteran executive has operated a tanker company under the radar for five years
Salvage Team Prepares to Remove Oil from Grounded Bulker in South Africa
The South African Maritime Safety Authority (SAMSA) expects that pumping of the oil from the grounded bulker Ultra Galaxy will…
US manufacturing output beats expectations with 0.4% rise in June
Production at U.S. factories increased more than expected in June, contributing to a solid rebound in output in the second…
Trump victory could erase European corporate earnings growth, Goldman says
A re-election of Donald Trump as the next U.S. President could ‘wipe out’ corporate earnings growth in Europe next year,…
Fed should be patient on next move, JP Morgan’s Dimon says
The U.S. Federal Reserve should exercise patience with its next interest rate move to account for the chance of inflation…
Fed’s Kugler cautiously optimistic inflation headed to 2% target
Federal Reserve Governor Adriana Kugler on Tuesday expressed cautious optimism that inflation is returning to the U.S. central bank’s 2%…
US-China trade talks break down over Inflation Reduction Act energy tax credits
China’s Ministry of Commerce on July 15 announced it would be escalating a trade dispute with the US regarding the…
China’s Rongsheng buys 4.4 mln bbls Oman, Canadian oil for Oct arrival
Chinese refiner Rongsheng Petrochemical 002493.SZ has bought 4.4 million barrels of Oman and Canadian crude oil exported from the recently…
Embrace gen AI with eyes wide open
Despite some very real risks, former Fortune CEO Alan Murray argues that the stunning advances made possible by generative AI…