The appetite for newbuilding orders across most shipping markets has started to wane after over US$10bn was spent in the first quarter of 2018, shipping analyst VesselsValue stated in a market report. The total committed to new deliveries i

HANGZHOU - Four people are still missing after their boat lost contact off the coast of East Chinas Zhejiang province Tuesday night, local authorities said Wednesday. Seven people have been rescued as of 6 pm. Police in Xiangshan county of

Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday. The South American nation earns 96 percent of its revenue through o

A wave of stricter port restrictions in south China has left steel producers searching for alternative ports to allow them to berth vessels carrying their imported metallurgical coal cargoes. A south China steel producer, which typically be

1.Hong Kong has been recognized as the second best port city in the world by the fifth annual Xinhua-Baltic International Shipping Centre Development Index Report. According to the Index, Singapore takes the top spot, while London fa

HOUSTON - Tariff escalation among countries could have a negative impact on the global oil and gas industry and the world economy as a whole, a US energy expert said Monday. Anna Mikulska, a nonresident fellow in energy studies at the Baker

Chinas effective tariff rate has reached the level of the developed countries at 2.41 percent, fairly close to the 1.19 percent of the United States in 2017, said experts. According to the World Trade Organization (WTO), Chinas trade-weight

Supply-side structural reform measures have helped the water transportation sector achieve significant cost savings last year, according to officials. In accordance with the new port fees and billing measures published by the Ministry of Tr

MYANMAR has been holding talks with a Chinese consortium to develop a deep-sea port in Kyaukphyu, western Rakhine state, reports Xinhua. Myanmars Commerce Ministry and the China International Trust and Investment Corporation (CITIC) are exp

Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America. Panamas Minister for Trade and Industry Augusto Aroseme

1.A rescue diver from China who made a series of underwater dives to rescue three people from a sunken cargo ship will receive the 2018 IMO Award for Exceptional Bravery At Sea. 2.Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National O

A rescue diver from China who made a series of underwater dives to rescue three people from a sunken cargo ship will receive the 2018 IMO Award for Exceptional Bravery At Sea. A Panel of Judges decided that the rescue merited the highest aw

The State Council has issued a statement on expanding imports in order to improve the quality of the domestic supply, meet the upgraded consumption needs of the people, and advance the countrys trade balance. The statement points out that t

The International Maritime Organizations governing body, the IMO Council, has approved the Womens International Shipping and Trading Association Internationals application for consultative status on 5 July 2018. Consultative status gives us

A Unit of container port operator CK Hutchison Holdings and other investors may acquire a small stake in Orient Overseas (International) Ltd (OOIL) as part of Cosco Shippings purchase of Orient Overseas Container Line (OOCL). Cosco explaine