March 31, 2017, 8:24 am
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Shipping and Transportation

Oil prices extend gains

March 17, 2017
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TOKYO- Crude oil prices rose on Thursday in early Asian trading, extending gains from the previous session after official data showed U.S. stockpiles had eased from record highs.

Wheat rises on US crop woes

March 17, 2017
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SINGAPORE- Chicago wheat futures rose for a second session on Thursday, buoyed by a weaker dollar and concerns over potentially crop-damaging cold and dry weather in the United States.

ICTSI wins award for 1-Stop TA

March 17, 2017
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International Container Terminal Services, Inc.’s (ICTSI) implementation and multi-stakeholder engagement of the 1-Stop Terminal Appointment Booking System (TABS) at the Manila International Container Terminal (MICT) was adjudged the best public relations (PR) program by the Public Relations Society of the Philippines (PRSP), and conferred to ICTSI the 2016 Grand Anvil, the highest honor given by the country’s largest organization for PR professionals.
 

OPEC says oil stocks still inc

March 16, 2017
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LONDON- OPEC said oil inventories have risen despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in an effort to clear a glut and support prices.

Oil price rebounds

March 16, 2017
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TOKYO- Oil prices rebounded from three-month lows on Wednesday after industry data showed a surprise drawdown in U.S. crude stockpiles and as Goldman Sachs put a positive spin on OPEC’s compliance with output cuts.

Iron ore jumps 5%

March 16, 2017
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Iron ore futures in China surged more than 5 percent on Wednesday as steel prices rose to their strongest in more than three years on hopes of firm demand as Beijing spurs infrastructure spending and property sales rise.

Copper marks time ahead of Fe

March 16, 2017
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MELBOURNE- London copper marked time on Wednesday ahead of the outcome of a U.S. Federal Reserve meeting that is expected to dictate the direction of the dollar, with dissipating concerns over mine supply dragging on prices for the metal.

Iran’s biggest cargo line mull

March 16, 2017
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LONDON/ANKARA - Iran’s top cargo shipping company has held meetings in London to discuss a possible listing on the London Stock Exchange, but has so far been thwarted by U.S. sanctions that still scare banks off Iranian business, four Iranian and two Western sources said.

China: Chile trade meeting no

March 16, 2017
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BEIJING - China said that a meeting in Chile to discuss a possible regional Pacific trade deal is not strictly about the languishing Trans-Pacific Partnership (TPP), as China tries to distance itself from one-time U.S.-led trade pact.

EU business leaders seek expan

March 15, 2017
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European business leaders and employers, particularly those engaged in international shipping trade, have a raft of recommendations aimed at putting the country’s maritime sector at par with global maritime powers.

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Front Page

Column of the Day

Escape from true healing

By DODY LACUNA | March 31,2017
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‘The power to forgive and the grace to accept it are not inside us.’

Opinion of the Day

A barbaric fraternity

By DAHLI ASPILLERA | March 31, 2017
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‘On the case of a mauled-to-death frat recruit, how shocking to hear Judge Perla Cabrera-Faller’s verdict that no one is to blame for the death of Marc Andrei Marcos...’