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ASEAN “Super Shuttle” starts with a 1% load

Davao - M/V “Super Shuttle RORO 12”,the vessel servicing the Davao-GenSan-Bitung route left for the Indonesian port Sunday, loaded with only one percent of its 500-TEU (twenty-foot equivalent unit) total cargo capacity. The route was launched by Philippine President Rodrigo Duterte and Indonesian President

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First Britain-China direct freight train arrives back in China / GALLERY

Yiwu - The first freight train to run from Britain to China arrived in the city of Yiwu in eastern China on Saturday, completing its 12,000-km (7,456-mile) journey.

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Iran exports to Europe up by 300%

Tehran - Iran’s exports to the European Union have increased by over 300 percent after the implementation of the historic 2015 nuclear agreement between Iran and the P5+1 group of countries.

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Iron ore has further to fall to knock out unconventional supplies

London - The problem for industry participants is how to wrestle with the factors that have driven, or are likely to drive, prices for the rest of the year.

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S. Korea’s external earnings to fall 2.7% if China exports drop 10%

Seoul - South Korea’s external earnings will fall by 2.7 percent if exports to China contract by 10 percent, a report by a state-run think tank showed Sunday.

German economy booms as protectionist threat goes pop / ANALYSIS
World’s top two shipyards signal more orders

World’s top two shipyards signal more orders

Seoul - The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring. Daewoo Shipbuilding & Marine Engineering Co. averted a payment crisis this month after bondholders agreed to a debt revamp

Diana closes US$80.5 million public offering

Diana closes US$80.5 million public offering

Athens - Diana Shipping,a global shipping company specializing in the ownership of dry bulk vessels, today closed its previously announced underwritten public offering of a total of 20,125,000 common shares, par value US$0.01 per share, at a price of US$4.00 per share

Livorno, profits at €10.7 million

Livorno, profits at €10.7 million

Livorno - With profits for the year after taxes at €10.7 million,a budget surplus of €47.4 million, of which €14.4 million are available, the Port Committee of Livorno’s Port Authority approved the final balance sheet for 2016 today

Civitavecchia, Di Majo approves the budget

Civitavecchia, Di Majo approves the budget

Civitavecchia - The Port Committee approved the 2017 forecast budgetof the Port System Authority of the North Central Tyrrhenian Sea with 18 voting in favour and two against. The nay vote of Civitavecchia’s Mayor Antonio Cozzolino was due to the lawsuit between the City and the Port Authority over the agreement of 2015