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Pakistan’s demand for liquefied natural gas (LNG) could more than triple in the next three to five years, the chief executive of Pakistan LNG said. Last year, Pakistan imported nearly 7 tonnes of LNG, data from Refinitiv Eikon shows. This year, that could grow to as high as 15 million tonnes and to up to 25 million to 30 million tonnes over the next three to five years, said Adnan Gilani, managing director and chief executive of Pakistan LNG. Pakistan LNG is a state-owned company that buys LNG from the ...

China’s yuan will trade around current rates in the coming months as the authorities keep a tight leash on the partly-managed currency, according to a Reuters poll of currency analysts who upgraded their forecasts from last month. The yuan, also known as the renminbi, weakened about 6 percent in 2018, but has regained more than 2 percent this year as the United States and China appear to be inching towards a trade deal and the People’s Bank of China (PBOC) sets consistently higher daily reference rates. The latest Reuters poll ...

What does a weak trade deal with China look like? Impossible-to-enforce commitments like guaranteeing that China will buy up all those Iowa soybeans, as they said, instead of the ones growing in Mato Grosso, Brazil. And allowing Americans to win a case now and then against their Chinese counterparts in mainland China in the country’s new IP court. For starters, that’s a simple example of a bad deal. A “great deal” would depend on almost full capitulation by Xi Jinping. A near reversal of Communist Party industrial policy commitments, for ...

Slowing global growth and the 35-day partial federal government shutdown weighed on the U.S. economy in the first weeks of 2019, but it continued growing amid still-tight labour markets, the Federal Reserve reported. “Economic activity continued to expand in late January and February,” even as concerns took root at the U.S. central bank about a possible slowdown, the Fed said in its regular “Beige Book” compendium of anecdotes compiled from industry and business contacts around the country. The pace of growth was “slight-to-moderate” in 10 of the Fed’s 12 districts, ...

Washington is not forcing Asian companies or nations to choose between trading with the United States and China, a senior American diplomat said in Hong Kong. However, in pointed remarks that appeared to be directed at Beijing, the US Ambassador to Indonesia, Joseph Donovan, railed against “unfair protectionist measures” that “undermine growth”. “Our vision for a free and open Indo-Pacific excludes no nation. It is important to emphasise that we’re not asking anyone to choose between the US and China,” Donovan said. “Like the US, China is an Indo-Pacific country. ...

Today, Thursday, March 07 2019, the Baltic Dry Index decreased by 7 points, reaching 657 points.

Traders showed little sign of lowering their current offers, despite weak mill demand given their reluctance to commit

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

Despite several decades of efforts to even out gender inequalities, certain stereotypes remain. This International #WomensDay,

Working sustainably is a core value embedded at every level of our company. It is fundamental to maintaining our social licence

NOT AT ALL BORING FOR AAL Shipping! AAL Kembla discharging TBM in Sydney from Nansha.

MSC takes care of your cargo from pick-up to delivery, giving you a single point of contact for the entire journey.

Based on its recent analysis of the global market for digital freight platforms for ocean transportation, Frost & Sullivan recognises Kontainers with the 2019 Global Product Leadership Award for its ability to enable digital execution capabilities in all shipping and forwarder brands. The company’s multi-tenanted architecture specifically empowers small- and medium-sized enterprises (SMEs) to launch their own-branded, digital, customer-facing execution platforms cost effectively. Kontainers enjoys a first-mover advantage in helping freight carriers future-proof their businesses and create numerous monetisation opportunities. “As freight forwarding enterprises increasingly migrate to digital interfaces to ...

Kustaanmiekka is the southernmost of the eight islands that form the Suomenlinna district of Helsinki in Finland. It is an 81-metre-wide strait between Kustaanmiekka and Vallisaari island in Helsinki’s archipelago. As the strait is located right at the mouth of the capital city’s harbour, it attracts plenty of marine traffic. Most passenger ferries and cruise ships departing from the south harbour in Helsinki navigate via this route. Called ‘The Gibraltar of the North’, the area is also a popular spot among locals for its beauty and for recreational activities such ...

If elected to government, the Labor Party says it will enhance Australia’s economic sovereignty and national security by creating a strategic merchant shipping fleet. As a first step, it will appoint a taskforce to guide the establishment of the ‘strategic fleet’, which is likely to comprise up to a dozen vessels including oil tankers, container ships and gas carriers. The Australian-flagged and -crewed vessels will be privately owned and operate on a commercial basis, but could be requisitioned by government in times of need. In addition to creating the strategic ...