Traders cancel light cycle oil cargoes ahead of China tax: sources

Traders are rushing to cancel loadings in North Asia of a range of oil products for sale to China, ahead of a planned Chinese consumption tax that will make the trade uneconomic.

Saudi Arabia may raise light crude price to Asia for third straight month in April

Top oil exporter Saudi Arabia could raise the price of Arab Light crude it sells to Asia in April for a third straight month after Middle East benchmark Dubai crude strengthened on OPEC cuts, four of seven respondents said in a Reuters survey of refiners

Flood of light crude to Asia may push prices of regional grades lower

A flood of light crude oil set to arrive in Asia will likely push prices for regional grades lower, crimping revenues and potentially creating a supply surplus since local refiners are ill-equipped to process all of the flow.

HKND gets green light to start Nicaragua canal project in 2016

China’s HKND Group has announced that it will start the Nicaragua canal project by the end of 2016,...

Is There a Light at the End of the Tunnel for Boxships?

The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry.

Light at end of tunnel for dry bulk?

The bad news: there will be at least two and a half years more of pain for the dry bulk sector.The good news...

Light at the end of the tunnel for Chinese shipyards?

Continuing losses at major Chinese yards have been so persistent that it is not really news anymore. However, ...