TRADE AND COMMODITIES

Cosco lashes ore producers

CHINA’s largest shipping company said the global dominance of the three major iron ore producers “could be very harmful to the industry”.

Middle East crude exports face slow return to growth

GLOBAL crude oil trading should rise by 1.5% annually to 2014 as the world recovers from the global recession, but Middle East exports may not return to 2008 levels during that period.

Singapore government takes over at the helm of stalled LNG project

THE Singapore government has taken over the development of the country’s first liquefied natural gas terminal as the credit crunch delays its completion until 2013. The LNG terminal was being developed by a consortium between Singapore’s PowerGas and GDF Suez.