TRADE AND COMMODITIES

Grain of optimism for panamax period rates

PANAMAX spot rates leapt 15% in mid May and have surged more than 60% over the month, with the rally triggering owners to agree longer-term charter deals with some of the world’s major bulk carrier operators.

Chinese company commits to Queensland LNG

BG GROUP’S liquefied natural gas (LNG) project in Queensland has gained momentum after a decision by China National Offshore Oil Corporation (CNOOC) to invest in the development.

LNG raises new funds for Gladstone facility

AUSTRALIA’s Liquefied Natural Gas has completed a fund-raising exercise to support its Fisherman’s Landing project.