‘No magic potion’ for rates as Frontline cannibalises own product tankers, Barstad says
Frontline CEO explains why forward bookings are simultaneously worse than second quarter but better than recent averages
Clarksons reveals painful demand hit on product tankers from crude ‘cannibals’
Analysts say dirty ships switching into clean trades explains some of the recent rate weakness
Maersk Ship Demasts Iconic Sailing Ship and Damages Port Entering Fremantle
A well-known three-masted training ship Leeuwin II was extensively damaged as well as parts of the Fremantle, Australia port as…
Moody’s raises India’s growth forecasts, Fitch affirms rating
Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country’s…
French preliminary inflation at 2.2% in August, slightly above forecasts
French consumer price inflation eased in August compared to a year ago, mainly due to lower petroleum product prices and…
S.Korea exports seen extending gains, inflation to hit BOK target
South Korea’s exports are expected to have risen for an 11th straight month in August, a Reuters poll showed on…
Carriers on India-US trades return to canvassing for contract support: forwarders
Forwarders say carrier executives are seeking volume-linked pricing expectations after dictating terms over the last two months or so.
Energy, tech projects filling project cargo pipeline
EPCs report revenue gains and hefty project backlogs as manufacturing and traditional and alternative energy projects gain momentum.
Transforming Central America’s workforce and productivity with gen AI
The region’s companies would need to take coordinated action to capture value from generative AI. Seven strategies could help them…