Brent crude eases toward $107, eyes on Libya
China exports fall for 2nd straight month in March, while U.S. crude stocks rise, at a record on the Gulf coast (EIA). Libya's oil guards take control of Hariga port, Zueitina pending and OPEC sees lower demand for its crude in 2014. Separately, Brent to fall to $107.17. Oil prices slipped towards $107 a barrel on Thursday as weaker data from China and OPEC stoked concerns that growth in global oil demand was easing while markets watched for elusive evidence of a resumption in Libyan exports. Chinese exports unexpectedly fell for a second straight month in March and imports dropped sharply, intensifying expectations of weaker manufacturing and slowing growth in the world's No. 2 economy. Crude imports fell to a five-month low, but rose 2 percent on last year.
Superyacht Shipyard Expansion for Yacht Solutions
Yacht Solutions at Italthai Marine has expanded its facility and tripled its superyacht yard capacity in response to the overwhelming demand for space in Thailand’s first dedicated superyacht facility in Bangkok. Since the partnership began in January between Yacht Solutions and Italthai Marine (ITM) at Samut Prakarn in Bangkok Yacht Solutions has received more enquiries for shipyard work than ever before and has already undertaken work on 43-meter SY Douce France, 45-meter MY Big Fish, 52-meter MY Elysium, a 60-meter Oceanco MY, 62-meter SY Lamima and 40-meter MY Amoha.