Container shipping: Solid demand growth reduces spot rate volatility

As freight rates are coming back from the abyss, their actual rise seems to be magnified beyond their actual performance. Some container spot freight rates are up more than 100% from the very low levels of last year, but may still be at a loss-making leve

Hydrex Mobdock Reduces Singapore Sterntube Spill

It is estimated that damaged ship sterntubes are leaking some 57 million tonnes of lubricating oil in to the...

Cosco reduces price and extends deferral on Sevan rig

Sevan Drilling and Cosco Corporation have reached an agreement over the deferral of the construction agreement for...

China Reduces Brazil’s Iron Ore Purchase Amount

According to official data from Brazilian Customs on 22th April, China’s iron or import volume increased by 2.93% year-on-year in March. However, the import volume from Australia climbed while that from Brazil declined.