Pacific Basin tripled its deficit in 2016

The deficit grew in 2016 for Hong Kong-based dry bulk carrier Pacific Basin, which took a hit from all-time low rates. The carrier has raised fresh capital to pad itself for a 2017 which also looks set to be difficult.

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Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

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