Norway gas export plummets as Sleipner outage shuts Nyhamna plant
Norway’s gas exports to Europe fell sharply on Monday as a shutdown of the offshore Sleipner hub also stopped operation…
Taiwan’s FPCC Offers More Spot June Gasoil, Sources Say
Taiwan’s Formosa Petrochemical Corp (FPCC) has offered more prompt June spot 10ppm sulphur gasoil cargoes via a sale tender, three…
EU’s wobbly budget rules can bolster shaky economy
Europe’s new budget rules can work only if Brussels can stretch them. Eleven countries including France, Italy and Belgium, posted…
US construction spending slips again in April
U.S. construction spending fell unexpectedly for a second consecutive month in April on declines in non-residential activity, though outlays for…
Euro zone manufacturing sees potential signs of recovery in May, PMI shows
The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed…
India’s May factory growth slipped to 3-month low but remained sturdy, PMI shows
India’s manufacturing growth slowed to a three-month low in May as a heatwave prompted some companies to reduce working hours,…
Japan’s Q1 capex rises, suggesting upward revision to poor GDP
Japanese companies raised spending on plant and equipment in January-March, helped by demand for automobiles and labour-saving investment and suggesting…
The Republic of the Marshall Islands Registry Witnesses Increased Share in the Greek Shipping Market
The Republic of the Marshall Islands (RMI) ship registry has increased its share in the Greek shipping market, as it…
Maersk upgrades earnings guidance amid bullish market fundamentals
The container shipping market has been roiled by the ongoing ship diversions around southern Africa that are now causing congestion…
Baltimore import bookings rebound as port’s full ship channel to reopen soon
Evergreen Marine’s neo-Panamax service from Asia will start making regular calls to Baltimore by mid-July, and the port’s container terminal…