Odfjell SE signs Term Sheet with Chemical Transportation Group to acquire 5 stainless steel newbuildings

Odfjell SE (Odfjell) has signed a Term Sheet with Chemical Transportation Group, Inc (CTG) whereby Odfjell will...

Atlantic Navigation buys seven new offshore vessels against long term charters

Atlantic Navigation Holdings (Singapore) Limited has approached a Chinese shipyard to buy seven new vessels to...

Term of the Day: Container Freight Station (CFS)

A Container Freight Station or CFS is a shipping dock where a cargo is loaded into, or unloaded from containers...

Iron ore seen at $80 long term as China steel output growth slows -CISA

Iron ore is likely to hover around $80 a tonne in the long term amid limited growth in China’s steel...

Short term oversupply of LNG ships, but strong demand ahead

The LNG carrier market is not facing a shipping glut despite falling spot rates and 100...

Essar Oil offers term diesel, supply may increase

Essar OilBSE -0.60 % has offered a rare term contract to sell up to 210,000 tonnes of diesel over August to...

Near-Term Outlook

We expect Chinese steel production will come under a small amount of pressure within the next few weeks.