The International Monetary Fund said that Asia has emerged as a global powerhouse in the process of recovering from the worldwide economic crisis, and its economic performance will likely continue to grow down the road.
Mr Dominique Strauss Kahn MD of IMF said that “Asia has emerged as a global economic powerhouse from the recent worldwide [...]
May 19, 2010, 10:40 AM EDT By James Paton May 20 (Bloomberg) — Petroliam Nasional Bhd., Malaysia’s state-owned oil and gas company, is interested in buying more stakes in Australian liquefied natural gas projects and boosting purchases of the fuel, the head of its local unit said.“We are here not for limited participation,” Petronas Australia [...]
The Board of Directors of France-based CMA CGM, the world’s third largest container shipping group, recently met under the chairmanship of M. Jacques R. Saadé to review the financial statements for the year ended 31 December 2009. In a container shipping environment where every player was severely affected by the global crisis – the [...]
01 Feb 2010JFE Steel Corporation & Marubeni Itochu Steel Inc has been awarded the following line pipe orders for Gorgon Natural Gas Project operated by Chevron Australia Pty Limited:
1. 154 KMT of DNV450 Grade line pipe for the Gorgon and Jansz Export Flowlines
2. 18KMT of DNV450 Grade line pipe for the Gorgon Domestic Gas Line
The [...]
With a combined economy bigger than India or South Korea and a total population of more than half a billion people, ASEAN has the potential to become an economic force that could rival China, India, Brazil and Russia. The absence of ASEAN from investors’ radar screens as a unified economic unit is due to the [...]
Turkish longs producer Izmir Demir Celik Sanayi AS announced that it has decided to purchase a dry bulk vessel of 53,483 DWT in order to reduce the freight costs of its exports. The purchase which will be completed in November or December 2009 will cost USD 28.2 million to be paid from the company’s own [...]
Mitsui OSK Lines Limited said that its container unit may be unprofitable for two more years as rising global capacity and slowing world trade damps rates. The unit will make a loss in the year ending March 2011.
Mr Masakazu Yakushiji EVP of MOL said that it may be able to return to profit the following [...]
Because of the weak demand, Chinese steel market prices continue to decrease.
Rebars in 16mm to 25mm was priced at CNY 3530 per tonne in Shanghai market down by CNY 50 and the price in Beijing was CNY 3550 per tonne down by CNY 30.
What’s more, Ansteel reduced the EXW prices for November as well for [...]
Guided by a commitment to serve the needs of global shippers, Maersk Line continues to expand on scope of service with a significant investment in new break bulk and out of gauge equipment.
Maersk Line recently purchased over 10,000 new build flat rack and open top containers, dramatically expanding its capacity to serve break bulk clients [...]
