OPEC Chief Sees Oil Producers Closer to Re-Balancing Market

Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next month whether to extend its cuts in output beyond June, the group’s Secretary-General Mohammad Barkindo said.

World’s 1st Ship Tunnel Step Closer to Construction

Norway’s Stad Ship Tunnel project, also known as the world’s first full-scale ship tunnel, is moving toward construction process as the plan was made formal.

EU one step closer to unleash full potential of seaports

EU Commissioner for Transport Violeta Bulc said, ‘Seaports are the entry nodes of the internal market, and a key factor of Europe’s connectivity and trade.

HMM one step closer to survival as bondholders approve restructuring

Cash-strapped Hyundai Merchant Marine (HMM) moved another step further towards avoiding court receivership with...

Updated: SGX moves a step closer to buying Baltic Exchange with exclusive discussions

The Singapore Exchange (SGX) has moved a step closer to acquiring the Baltic Exchange as the two parties enter ...

Greek shipowners urge closer ties with Cyprus shipping community

Union of Greek Shipowners president, Theodore Veniamis has called for closer co-operation and the further...

Singapore moves closer to mass flow meter bunkering

The impending compulsory use of mass flow meters (MFM) to carry out bunker deliveries in Singapore port has made...