Tag "3"

Shipping: Oil tankers sheltered from gas, dry bulk weakness

Growth in oil tanker shares can run a bit longer, analysts and investors say, though they see weakness in dry bulk, liquid natural gas and container shipping extending into 2016 or beyond. The broad maritime market, as represented by the Guggenheim Invest Shipping ETF (SEA.P), has fallen 8.5 percent so far this year. The Guggenheim ETF includes companies ranging from oil tanker Nordic American Tankers Ltd (NAT.N), which has risen

China's July exports slump 8 percent, raises pressure for more stimulus

BEIJING/SHANGHAI (Reuters) – Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world’s second-largest economy. Imports also fell heavily from a year earlier, in line with market forecasts but suggesting domestic demand might be too feeble to offset the weaker global demand for China’s exports. Economists