Japanese shipbuilders cut fiscal 2018-19 steel demand forecast on lower orders

The Shipbuilders Association of Japan has reduced its steel demand forecast for the 2018-19 fiscal year...

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.

SeaIntel: Each Alliance Should Close a Service to Cut Asia-Europe Capacity Influx

Each container carrier alliance will need to close one service in the Asia-Europe trade line so as to cut the significant capacity increase driven by expected phase-in of the new large vessels into the trade, according to SeaIntel Maritime Analysis.

Greece plans to cut corporate tax in 2020 if fiscal targets exceeded – paper

Greece has agreed with its international creditors on a plan to cut the corporate tax rate by 3 percentage points to 26 percent in 2020 if it outperforms on its bailout-prescribed fiscal targets, the leftist Avgi newspaper said in its Sunday edition.

Saudi crude price cut to add to Asia light oil glut: Russell

Saudi Aramco’s decision to cut prices for lighter grades of oil for customers in Asia is a sign of just how seriously the world’s top crude exporter is taking its battle with U.S. shale and other producers outside last year’s move to cut output.

Saudi Arabia Cut Crude Exports in January After OPEC Agreement

Saudi Arabia reduced crude exports in January as the world’s largest oil shipper led OPEC nations in their historic production cut to rebalance the market.

Bullish Crude Bets Cut by Most Ever as Price Falls Below $50

Money managers cut bets on rising West Texas Intermediate crude by a record amount during the week ended March 14, while wagers on a further price drop doubled as oil remained below $50 a barrel.