The bulls are expected to take firm charge of the oil and gas sector for some time to come, and it’s no wonder, what with the high and sustained crude oil prices and the unrelenting global demand for energy, especially that emanating from emerging markets. …
A two-day international ports forum, with the participation of more than 25 countries representing over 200 ports and 140 port related organizations, begins on Thursday, March 8 in Colombo at the BMICH. The International Association of Ports and Harbors (IAPH) founded in November 1955 under …
Karachi—Out of total edible oil consumption Pakistan importing Malaysian palm oil worth $2 billion a year which needs to be reciprocated through import of Pakistan rice and other commodities to balance the trade between the two countries. This was pointed out by Pakistan delegation currently …
INCHCAPE Shipping Services (ISS) is commencing operations in Saudi Arabia, to build a presence in one of the largest industrial and project-orientated economies in the Middle East. In creating the new entity, the company has signed a joint venture agreement with Al Bakri Group in …
SOUTH Korea’s Hanjin Shipping is to take delivery of the first of nine 13,092 TEU, the Hanjin Sooho, built by Hyundai Heavy Industries (HHI), which will phase into CKHY Alliance NE6 service with a maiden voyage on April 1. The second and third vessels, Hanjin …
THE aggregate loss clocked up by Malaysian shipping line MISC since 2007 has ballooned to MYR3,305 million (US$1,6 billion), making it the biggest loser among its rivals. For the whole of 2011, MISC Berhad suffered an operating loss of MYR661 million (US$215 million) in liner …
FRENCH shipping line CMA CGM says it is revising its services on the Asia-US east coast trade. “The strengthening of our Asia/USEC loops means three departures a week and a wider geographical coverage. These are two major steps to better serve our customers and improve …
MALAYSIA’s MISC Bhd has scrapped its Straits-Middle East Halal service and the Malaysia East Asia (MES) service, the last of its intra-Asia services in late February. Alphaliner reports that the moves come as MISC prepares to make a final exit from its entire container shipping …
Iran stops exporting oil to uk based companies. Crude oil rises to 9 months high amidst increased tension Iran tension. # Feb 22: Crude oil prices jumped USD2.60 to USD105.84 per barrel. Source: STARBIZ # Feb 23: Crude oil prices gained 3 cents to USD106.28 …