"Consolidation is not a game changer, it's the actual game"

Following a loss of at least EUR 5 billion and perhaps upwards of EUR 10 billion in 2016, the container carriers are now trying to save themselves by joining forces. This is pure survival but no recipe for profits, says Olaf Merk, shipping and port expert at OECD.

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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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