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France seals multi-billion dollar deals with China

Paris - France signs billion of euros in contracts. Airbus alone sells 300 planes worth 30 bln euros. Macron wants more coordinated EU approach to China.

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Exxon says high-sulfur fuel oil demand to decline 25 percent

London - The International Energy Agency has forecast high-sulfur fuel oil demand to fall 60 percent next year, while marine gasoil demand to more than double.

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“LNG supply glut, price slump should raise questions over future projects”

London - Clyde Russell: “The spot price for LNG delivered to Northeast Asia LNG-AS dropped to $4.65 per million British thermal units (mmBtu) in the week to March 21, the lowest since May 2016.”

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Korean shipyards to hire workers despite ongoing belt-tightening mode

Seoul -South Korea’s major shipbuilders are planning to recruit new workers despite the ongoing belt-tightening mode on hopes that the industry is on track towards recovery.

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Germany to inject more money into Deutsche Bahn rail network

Berlin - The German government wants to inject some 50 billion euros ($57 billion) into upgrading the national rail network over the next decade, mass-selling Bild newspaper reported on Sunday.

Miami, Coast Guard offloaded more than 27,000 pounds of cocaine
Cruise ship reaches Norway port after near disaster, dramatic rescues
STX Engine fined for violating subcontract law
Thousands of Moroccan teachers stage protest over pay terms
Thousands of motorbikers protest at Philippines’ new plate regulation
Iraqi parliament sacks local governor after Mosul boat capsize
Genoa Port Authority will open an office in China

Genoa Port Authority will open an office in China

Genoa - Genoa Port Authority plans to open a branch in China. The president of the port, Paolo Emilio Signorini, told The MediTelegraph after signing the cooperation agreement with the Chinese CCCC group, which took place in Rome on Saturday.

Viking Sky towed to port after nearly 500 people rescued
Houston petrochemical impacts key port

Houston petrochemical impacts key port

Houston - Fallout from a petrochemical fire outside Houston continued for a sixth day on Saturday, with emergency workers struggling to remove volatile fuels from exposed tanks and ship traffic disrupted on the nation’s busiest oil port

Hapag-Lloyd’s results improve in 2018

Hapag-Lloyd’s results improve in 2018

Hamburg - Hapag-Lloyd has disclosed its annual report. Based on the audited figures, the group net result increased to EUR 46 million for the year 2018 and was 13 million euros higher compared to the previous year (2017: EUR 33 million)

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