
Rainbow Heavy Industries to shut down Shanghai-based subsidiary
China’s Jiangsu Rainbow Heavy Industries (RHI) will shut its offshore design subsidiary Shanghai Ouwei...
Mitsui OSK Lines to shut Singapore bulker operation
Mitsui OSK Lines (MOL) is shutting down its Singapore dry bulk shipping unit following what it described as a...
Iron Ore Slump No Bar to Supply as China Mines Shut
The world’s biggest iron ore producers are targeting record shipments as lower output costs offset plunging ...