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.

Shipping firms in China struggle to keep their heads above water

Shipping firms in China have been struggling as shipping prices have hit a record low.Shipping costs for short...

Iron ore may struggle to stretch gains on tepid China steel market

Spot iron ore prices may struggle this week to build on recent gains, with Chinese steel mills wary about...