Summer Lull Hits Newbuilding Market

It was inevitable that at some point during the summer, the newbuilding activity would quiet down.

Shipping confidence hits three-year high

Shipping confidence reached its equal highest rating in the past three years in the three months to end-May 2017...

China steel hits nine-week peak amid crackdown, lifts iron ore

Chinese steel futures jumped more than 6 percent on Monday to their highest since March, stretching last week’s gains on concerns over limited supply as Beijing keeps up a campaign to clamp down on polluting producers.

Coal vessel queue at Australia’s PWCS terminals hits five-week high: HVCCC

The number of vessels queuing at the Port Waratah Coal Services terminals at the Port of Newcastle, Australia, rose to a five-week high of 16 ships Sunday, from 13 the week prior, the logistics coordinator for the Hunter Valley coal chain said Monday.

Hapag Lloyd-UASC merger hits snags over future share ownership – sources

A merger of Hapag-Lloyd and United Arab Shipping Company (UASC) has hit a snag, with the German shipping line and some banks seeking assurances that UASC’s top shareholder Qatar remain committed to the deal for the long term, sources say.

Greece Hits Back Against IMF as Bond Market Remains Spooked

Greece pushed back against the International Monetary Fund’s view that the government’s economic reforms are heading off track.

Big Oil Hits Sweet Spot as Projects Reap Rewards of Recovery

Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts.