February 20, 2017, 2:20 pm
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Shipping and Transportation

OPEC cuts will not impact Sau

January 27, 2017
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TOKYO- Last year’s agreement between OPEC and non-OPEC countries to cut output will not impact Saudi Arabia’s oil supplies to Japan, Aabed Al-Saadoun, deputy minister for company affairs at Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, said on Thursday.

South Korea sees more shippin

January 26, 2017
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SEOUL- South Korea said on Wednesday it will continue with corporate restructuring efforts in 2017, with plans focusing on shipping and shipbuilding companies struggling with shrinking global demand.

Aluminum nears 2-year high

January 26, 2017
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London aluminum futures held close to 20-month highs in Asia on Wednesday, buoyed by reports of possible capacity cuts in China, while copper steadied near its highest in almost two months.

Global shipping sector slowly

January 26, 2017
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TOKYO- Orix Corp would consider deals to the scale of $1 billion each to buy shipping loans from European banks, an executive said, as the Japanese financial conglomerate plans to increase exposure to a slowly recovering shipping sector.

Oil eases on rising inventory

January 26, 2017
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SINGAPORE- Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers.

China steel mills resist Rio’s

January 26, 2017
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Rivals BHP Billiton and Vale SA have in the past secured premiums for their high-grade products, the source said. But unlike Rio, which is seeking the premium from all Chinese clients, BHP and Vale only asked certain customers, the source added.

Saudi oil output, exports to d

January 26, 2017
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DUBAI/LONDON- Saudi Arabia’s oil output is likely to drop to around 9.9 million barrels per day in January and exports are down from December, according to industry sources and shipping data, as the OPEC heavyweight plays its part in a global supply-cut deal.

AS DRY BULK SHIPPING DOWNTURN

January 25, 2017
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LONDON- Giuseppe Bottiglieri Shipping Company, one of Italy’s biggest shipping firms, has sought court protection in the country from its creditors as it looks to restructure its debts, providing more evidence of fallout from a near-decade long sector slump.

Copper climbs on weaker dollar

January 25, 2017
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LONDON- Copper rose on Monday, buoyed by dollar weakness and hopes that U.S. President Donald Trump’s incoming administration would make good on a pledge to boost infrastructure spending in the world’s largest economy.

Iron ore surges with steel

January 25, 2017
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Chinese steel and iron ore futures rallied on Tuesday as investors chased prices higher after a four-day retreat, betting demand will pick up following the Lunar New Year break as Beijing moves to spur economic activity.

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Front Page

Column of the Day

Trillanes to Duterte: Sign waiver of bank secrecy law addressed to BPI

By ELLEN TORDESILLAS | February 20,2017
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‘Trillanes did not fall into the trap of Duterte diverting the issue with his personal insults to him.’

Opinion of the Day

More on the DeLima-Trillanes team

By DAHLI ASPILLERA | February 20, 2017
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‘Sen. Trillanes to President Duterte: “Disclose your bank account deposits!’