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Maersk partners up with Alibaba

Danish shipping major Maersk Line has partnered up with the Chinese e-commerce company Alibaba to allow users to book ship places online. Maersk launched a pilot program on Alibaba OneTouch portal on December 22, 2016, moving a step forward t...

05/01/2017 Read

API sees energy fix for world's problems

American Petroleum Institute (API) President and CEO Jack Gerard released the State of American Energy 2017 report on Wednesday, highlighting a positive future for the industry and its role in alleviating poverty both in the U.S. and globally in his...

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Drewry: Recovery of multipurpose shipping rates in sight

The multipurpose shipping market is expected to see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to shipping consultancy Drewry. Dry cargo demand is weak but stren...

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Oil hits 18-month highs as markets eye output cuts

LONDON (Reuters) – Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut....

04/01/2017 Read

Swim or Sink: Outlook prompts Asia shipping lines to face mergers

Kyunghee Park, (Bloomberg) — Swim or sink: That’s the message shipping executives in Asia are taking into the new year. Faced with a prolonged trade slowdown and depressed freight rates, the region’s container lines are set for f...

04/01/2017 Read

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