ShippingWatch

OPEC works toward deal as Saudis propose plan for higher output

OPEC seems to face better odds of reaching an oil output deal on Friday as Iran backs away from a threat to veto any agreement that would raise production, and Saudi Arabia proposes a move that close to 600,000 barrels per day to the market.

Photo: Hasan Jamali/AP/Polfoto/Arkiv

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Torm CEO after large deficit: Market has already turned

The recovery of a miserable product tanker market is well underway, says Executive Director Jacob Meldgaard in an interview with ShippingWatch after the company delivered yet another significant deficit in the third quarter.

Here is the roadmap for the liner companies' new global initiative

In as little as six months, two or three shared standards for container liner companies should be ready. That is the goal for the new global association between the world's largest container carriers, says André Simha, spokesman for the association and CIO at MSC, to ShippingWatch.

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