Asia’s emerging markets, the key driver for global oil demand growth, are being hit hard by soaring crude prices and sliding currencies, raising red flags over expectations of further increases in consumption. Import-reliant economies are already aching under oil prices that have risen above $80...
https://www.hellenicshippingnews.com/asias-troubled-emerging-markets-to-shave-oil-demand-next-year/
Once was a small backward fishing town off the Arabian Sea in Pakistan’s southwest Balochistan province, Gwadar now is rising fast at the economic landscape of the country and is attracting more businessmen for emerging business opportunities. The deep-water port has become fully functional since...
https://www.hellenicshippingnews.com/rising-gwadar-attracts-more-overseas-investors-for-business/
Maritime ports in Saudi Arabia had been receiving great attention since their inception under the Kingdom’s founder King Abdelaziz, to form one of the nation’s most important economic and commercial streams, as well as playing a major role in boosting its regional and international trade. The ports...
Charities operating the last search and rescue ship aiding migrants in the central Mediterranean made an appeal to France this week for help after Panama revoked the vessel’s registration. Now, migrants aboard the charity rescue ship called Aquarius 2 will be transferred to a patrol boat in...
https://www.hellenicshippingnews.com/explained-why-is-it-difficult-to-get-rescue-ships-registered/
The fuel surcharges some container shipping companies are intending to pass on to customers as they look to meet the 2020 sulphur cap could be reduced for the mutual benefit of shipowners and operators, as well as their customers, given the technologies available for reducing fuel consumption, says...
https://www.hellenicshippingnews.com/2020-fuel-surcharges-could-be-reduced-says-fuelsave/
Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the six month period ended June 30, 2018. – In H1 2018, Total revenues increased by about 33% compared to H1 2017 . – In Q2 2018, Total revenues increased by about 20%...
Azerbaijan is keen to further leverage its transit and logistics potential by transforming the transportation system and services into one of the key comparative advantages of its economy, Azerbaijan’s Foreign Minister Elmar Mammadyarov said. He was speaking in New York at the Informal Meeting of...
India’s Mangalore Refinery and Petrochemicals Ltd has floated a tender to buy 2 million barrels of high-sulphur oil for November lifting, a tender document showed on Friday, a day after the refiner sought similar volumes from the United States. The tender will close on Oct. 3 with bids remaining...
Leading classification society ClassNK has analyzed the retrofitting status of ballast water management systems (BWMS) on its registered ships and confirmed that installation deadlines based on the Ballast Water Management Convention (BWM Convention) for many of them are highly concentrated in the...
China aims to launch iron ore options next year, a source with direct knowledge of the matter said, as the world’s top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers. China’s plan follows the opening of its iron ore futures to foreign...
https://www.hellenicshippingnews.com/china-plans-to-launch-iron-ore-options-in-2019-source/