Cosco Shipping Ports warns of challenging year amid good H1 results

Cosco Shipping Ports (CSP) warned of a year full of challenges in its first half 2018 results, even as it...

Korean shipyards still struggle to cut costs amid ‘order drought’

South Korean shipyards, led by Hyundai Heavy Industries Co., are still struggling to cut costs through unpaid leave for their workers and shutting down dry docks idled amid a lack of orders, industry sources said Sunday.

Novorossiisk bunker fuel falls amid lower domestic and Turkish prices

Bunker fuel at the Russian Black Sea port of Novorossiisk tumbled Monday, amid pressure from the domestic fuel...

Edge of Disinvestment: US Shale Oil Sector Under Pressure Amid Prices Slide

US oil drillers are facing the creeping threat of disinvestment for the second time in the past three years, as...

North Sea floating storage high amid slack Asian demand

Rising light sweet crude production in Libya and west Africa, combined with slack demand for North Sea grades in...

China steel extends gains amid potential output curbs ahead of summit

China’s steel futures climbed more than 2 percent to a 1-1/2-week high on Wednesday amid unconfirmed market talk of production curbs in cities surrounding Beijing ahead of the New Silk Road summit in May, which helped to lift iron ore futures

Amid Industry Downturn, Global Shipping Sees Record-Low Growth

The massive container ships that ply the high seas bring us pineapples and mangoes in winter, and computers and cheap t-shirts all year round. But the shipping industry is a volatile, cyclical and ferociously competitive business. There are good years and