Ports of Los Angeles and Long Beach to raise traffic mitigation fee

The West Coast MTO Agreement (WCMTOA) recently announced that on August 1, 2017, the Traffic Mitigation Fee (TMF)...

Saudi Arabia may raise light crude price to Asia for third straight month in April

Top oil exporter Saudi Arabia could raise the price of Arab Light crude it sells to Asia in April for a third straight month after Middle East benchmark Dubai crude strengthened on OPEC cuts, four of seven respondents said in a Reuters survey of refiners

Investors raise bets on higher Brent crude prices to record high

Speculators raised their bets on a rally in Brent crude oil prices to a record high last week, data from the InterContinental Exchange showed on Monday, mirroring growing optimism in the U.S. crude market.

New orders raise hopes of recovery in shipbuilding sector

A series of new shipbuilding orders in recent weeks have raised hopes of recovery in South Korea’s troubled shipbuilding industry, boosted by rising oil prices and a global supply shortage of new ships.

Ever Harvest to raise funds for vessel acquisitions

Hong Kong’s Ever Harvest Group has proposed to issue around 350m shares to raise funds for acquiring...

Pacific Basin aims to raise $150m from rights issue

Dry bulk shipowner Pacific Basin has proposed a one-for-one rights issue in a bid to raise approximately $150.6m for strengthening its long term equity capital. ...

Hanjin Shipping sells London property for $57m to raise cash

South Korea’s Hanjin Shipping announced that it has sold its London office for KRW66.7bn ($57.2m) as the...