Despite recent cold weather in Texas disrupting oil and gas production, a comeback in US shale may already be on the horizon given the increasingly bullish fundamentals of the global oil market. Goldman Sachs have revised up their 2021 oil forecasts to around $72/bbl WTI and $75/bbl Brent by Q3. This is significantly higher than the EIA short term estimates of $49/bbl and $52/bbl respectively for the same period. For the time being both grades are trading firmly above $60/bbl.
On July 30, the worlds largest 24000TEU container ship Ever Ace built by Samsung Heavy Industries for Evergreen Marine made its maiden voyage to Qingdao Port, Sh......
Evergreen Marine Corp. reportedly doled out year-end bonuses of as much as 40 months wages to some of its employees on Thursday. According to local media reports......
Pacific International Lines (PIL, the Group), today announced the Groups unaudited financial results for financial year 2019 (FY 2019) and first half 2020 (1H 20......
Duringthe process of using ECDIS installed onboard, there are lots of questions and doubts raised by the mariner, this may cause confuse when PSC inspection and ......
If you thought that with just an up-to-date engine room and a skilful crew you can set sail on your ship to high seas then you were wrong. A ship along with its ......
On November 2, 2020, Shanghai Shipping Exchange officially launched Shanghai (Export) Containerized Freight Index based on Settled Rates (SCFIS). SCFIS represent......
2020 has been a year with challenges. A.P. Moeller - Maersk had to adapt to unfamiliar and uncomfortable situations and constant change. Therefore Maersk announc......
On the morning of April 17, the unveiling ceremony of China Merchants Jinling Shipyard (Nanjing) and China Merchants Jinling Shipyard (Jiangsu) was held in Yizhe......
Singapore-based dry bulk owner Berge Bulk announces that it had signed agreements with Anemoi Marine Technologies Ltd a global leader in wind-assisted propulsion......
On the afternoon of November 1, 2021, China COSCO SHIPPING Corporation held a meeting of middle-level and above managers. The company announced the decision on t......
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