April 24, 2017, 9:19 pm
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Shipping and Transportation

STEEL EXPORTS: Is China too to

April 24, 2017
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If Trump slaps new tariffs on steel exports from China and elsewhere, that will trigger anti-dumping and countervailing measures from these countries.

Iron ore jumps

April 24, 2017
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Chinese iron ore futures rallied 6 percent, extending hefty gains for a second session along with steel prices, after a recent selloff that market participants thought was overdone.

Troubled Taiwan shipping line

April 24, 2017
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LONDON/TAIPEI - Taiwan’s troubled Yang Ming Marine Transport Corp 2609.TW is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, according to a company source.

Oil dives, sending US crude b

April 24, 2017
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NEW YORK - Oil prices tumbled more than 2 percent on Friday, notching the biggest weekly decline in more than a month on mounting evidence that US production and inventory growth were offsetting OPEC’s attempts to reduce the global crude glut.

Daewoo Shipbuilding unlocks $2

April 21, 2017
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The bailout plus a 4.2 trillion won bailout starting in late 2015 amounts to South Korea’s biggest state-backed rescue of a single company in over a decade, state bank officials said.

China demand drives Singapore

April 21, 2017
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SINGAPORE - Crude oil sales from storage tanks around Singapore rose to an 11-month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in April.
 

Iron ore, steel extend losses

April 21, 2017
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Iron ore and steel futures in China shook off early gains to extend losses for a fourth day running on Thursday, underlining investor worries over plentiful supply of both commodities and lean demand.

Copper rises

April 21, 2017
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MELBOURNE - London copper rose on Thursday but was mired near its lowest for the year after China’s refined production surged in March, underlining ample stocks in the world’s biggest metals consumer.
 

Oil prices claw back some loss

April 21, 2017
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SINGAPORE - Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a global supply overhang might slowly retreat.

BANNED AT SEA: Cash-strapped P

April 20, 2017
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Lacking the cash to properly maintain ships, refineries and production operations - or to pay business partners on time - PDVSA can’t boost exports, which is its only option for raising more cash.

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Front Page

Column of the Day

‘Nothing from the PNP Internal Afffairs Service’

By DODY LACUNA | April 21,2017
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‘Pulitzer Prize-winning photos are framed against a lawless landscape of Filipinos in brutal submission...’

Opinion of the Day

Ignored laws

By DAHLI ASPILLERA | April 24, 2017
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‘Shouldn’t the BIR deputize Seniors or high school student volunteers? Have them go from store to store demanding evidence that they pay BIR on their income?’