March 27, 2017, 6:51 pm
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Shipping and Transportation

TO PREVENT SILTATION, NOT SIGN

March 27, 2017
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The Department of Environment and Natural Resources has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world’s top exporter of the raw metal after a major crackdown.

Copper lower as world’s top

March 27, 2017
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LONDON - Copper fell on Friday, ending the week 2 percent lower after workers agreed to end a strike at the world’s top copper mine in Chile.

Hapag-Lloyd says prospects bu

March 27, 2017
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FRANKFURT - German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve.

Asian spot LNG prices prices

March 27, 2017
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MILAN - Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders.
 

Oil rises in late trade

March 27, 2017
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NEW YORK - Oil rose modestly on Friday in a spate of late-day activity, but fell on the week as concerns persisted over an excess of crude.

S. Korea’s Daewoo gets fresh $

March 24, 2017
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SEOUL - South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd, which has built up huge losses from offshore projects and risks missing debt repayments.

Iron ore hits 10-week low

March 24, 2017
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Iron ore futures in China dropped to their lowest in more than two months on Thursday, pressured by a continued slide in steel prices amid concern over slower demand in the world’s top consumer.

China gasoline exports jump

March 24, 2017
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BEIJING- China’s gasoline exports in February climbed to their second-highest monthly level on record as refiners increasingly turn to exports to Asian markets to drain a domestic supply glut that almost wiped out imports altogether.

Oil bounces off Nov lows

March 24, 2017
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SINGAPORE- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.

Japan exports up; surplus with

March 23, 2017
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TOKYO- Japan’s exports grew the most in more than two years in February, rebounding from a Lunar New Year slowdown in January, as a widening trade surplus with the United States potentially raises tensions in the face of rising U.S. protectionism.

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Front Page

Column of the Day

Duterte immobilized

By DODY LACUNA | March 24,2017
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‘He should deter the AIDS outbreak victimizing the youth whom he has pledged to protect always.’

Opinion of the Day

Reviving Laguna de Bae (2)

By DAHLI ASPILLERA | March 27, 2017
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‘Industry and residents must be disciplined; penalized. “We are doing all these for the local subsistence fishermen.” – Jaime Medina, LLDA general manager.’