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Sunday, December 15, 2019

Economy

EU decision makers recognise key role of sectoral social dialogue for maritime transport

On 4 June, the Commission services DG MOVE and DG EMPL organized a joint High-Level Conference on “a social agenda for transport”. The conference gathered EU decision-makers, experts and social partners to have an intensive...

Pooling agreements – an acceptable employment arrangement?

In this short note we consider whether the entry of a ship into a pool can be regarded by financial investors (lessors and lenders) as a reasonable alternative to employment on time charter. What are...

Can China’s “silk road” save iron ore?

Although unlikely to boost demand this year, wethink OBOR could potentially provide new sources of commodity demand in the coming years. We think that if the initiative energizes global infrastructure development beyond our base...

Price Pressures In China Rising Aside Of Volatile Food Prices: Capital Economics

Capital Economics is of the view that price pressures in China are rising, aside of the usual volatility in food inflation. Data released earlier today showed that consumer price inflation edged down to 1.2 percent...

Italy economy minister says confident Greece deal will come soon

Italian Economy Minister Pier Carlo Padoan said on Tuesday he was confident a deal would soon be found to keep Greece in the euro zone and even if it did exit, the currency bloc...

Middle East freight rates remain elevated on tight tonnage supply

Freight rates for chemical tankers in the Middle East market have gone up sharply in the last two weeks amid strong demand to move chemical products ahead of Ramadan period and tight tonnage availability,...

Very strong first quarter for port of Rotterdam

In the first quarter, goods throughput in Rotterdam was 7.2% up on the same period of last year. Dry bulk (particularly ores and coal) fell by 5.1%. Container throughput increased substantially, by 5.1% in...

Goldman Says Iron Rally on ‘Borrowed Time’ as China Imports Sink

Iron ore imports by China contracted in May from April and the same month a year earlier, highlighting weakening demand in the largest buyer as Goldman Sachs Group Inc. repeated a forecast for a...

China Oil Imports Seen Rising in Affirmation for OPEC Policy

China is forecast to accelerate its crude imports this month after slowing in May from a record. The Asian nation will start buying more to take advantage of low prices and ample supply to fill...

OPEC Ministers Find Key to Happy Union as Iran Met With Silence

About the only surprise to come from OPEC’s decision on June 5 to leave oil output unchanged was that everyone got along. “I have been in OPEC for some many years, and it is the...