June 23, 2018, 6:03 am
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Shipping and Transportation

European, Asian LNG buyers te

by Reuters on September 12, 2013
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TOKYO - Gas buyers in Europe, Japan and other parts of Asia are teaming up to reduce the price of liquefied natural gas which officials say is threatening a recovery in the European Union and growth in the Japanese economy, the world’s third largest.

State-backed China shipbuilder

by Reuters on September 12, 2013
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SHANGHAI - A state-backed Chinese ship company plans to raise around $1.4 billion through a private share sale to buy assets that are key builders of warships, the first time Beijing is tapping the capital market to fund the expansion of its military.

US Airways, American defend pl

by Reuters on September 12, 2013
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WASHINGTON - US Airways defended its proposed merger with American Airlines on Tuesday, arguing that the deal would create $500 million in savings to consumers annually by building a stronger competitor to Delta Air Lines Inc and United Continental.

Malaysia’s Petronas exiting Ve

by Reuters on September 11, 2013
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KUALA LUMPUR - Malaysian oil company Petronas said it is exiting one of the biggest petroleum projects in Venezuela’s Orinoco belt, after what sources close to the venture and within the firm said were disagreements with Venezuelan authorities and state-run PDVSA.

Tests on Gulf oil “superskimme

by Reuters on September 11, 2013
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NEW ORLEANS - Tests on a supertanker adapted to skim large quantities of oily water from the surface of the Gulf of Mexico are inconclusive because of high seas, ship owner TMT Shipping Offshore said on Monday.

US lawmakers to overhaul harb

by Reuters on September 11, 2013
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WASHINGTON – A U.S. import tax collected only at shipping ports would be converted into a fee on goods brought into the United States by rail and highway from Canada and Mexico under legislation expected to be introduced next month in the U.S. Senate.

Norwegian Air seeks compensat

by Reuters on September 11, 2013
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OSLO - Norwegian Air Shuttle said it grounded a second Boeing Dreamliner within a week for a technical problem and will seek compensation for its troubles with the high-tech aircraft.
The airline operates two Dreamliners and lost use of both in the past week due to unrelated problems, forcing it to lease Airbus A340s on short notice, it said.

Iran releases Indian tanker

by Reuters on September 11, 2013
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NEW DELHI – Iran has released an Indian crude oil tanker that was detained last month over pollution concerns, an Indian shipping official said, ending a dispute between the countries that have historically had strong trade ties.

ICTSI ends offer for bond swap

September 10, 2013
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International Container Terminal Services Inc. (ICTSI) has closed the offer period for a bonds swap with lenders of  an obligation that the company is supposed to pay by 2020, with that of a new bond that will mature five years later.

Baltic freight index up 5.71%

by Reuters on September 10, 2013
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USA – The Baltic Exchange’s main sea freight index jumped 5.71 percent last week due to increased activity across all vessels, capesizes in particular, for a fifth consecutive day of gains amounting to 19 percent for the week.

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Front Page

Column of the Day

Unbridled brazenness

DODY LACUNA's picture
By DODY LACUNA | June 22,2018
‘Outrage over the killing of priests today in our country will persist and, if real justice is not served soon will, in all probability, combine for a growing social and political unrest with a polarized Church.’

Opinion of the Day

Tough days ahead

Jose Bayani Baylon's picture
By JOSE BAYANI BAYLON | June 22, 2018
‘It’s high stakes and tightrope walking that also means that a small miscalculation could upend everything.’