Author: Account

Oil Falls to 1-Month Low as Signs of Another Slump Build

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Monday marks another week in which market slumps reflect analysts’ skepticism about anything productive emerging from the Organization of the Petroleum Exporting Countries (OPEC) deal to curb output: Brent...

Chinese State-Run Dry Bulk Company Succumbs to Bankruptcy

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The news comes after Zosco’s principal, Zhejiang Transportation Investment Group(Zhejiang Transportation), in July applied to have the company liquidated, citing debt issues. While the company’s total assets are reported...

Goldman Sachs, RBC See Oil in the Low $40s or Below if OPEC Production Deal Fails

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The swinging pendulum of opinion that characterizes the daily analysis of where the oil market is going, in relation to the loose deal to reduce production, seems this week...

South Korean Government to Provide $5.7 Billion in Support to Country’s Shipping Firms

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In the wake of the collapse of Hanjin Shipping Co. Ltd. (Hanjin), the Government of South Korea Monday¬†announced that it will provide support to the country’s shipping companies in...