U.S. oil prices settled higher on Monday as comments from the Iraqi oil minister cast doubt over a possible output increase by the Organization of the Petroleum Exporting Countries (OPEC) producers. Iraqs oil minister Jabar al-Luaibi said o

On 4 June 2018, the 26th Posidonia International Shipping Exhibition kicked off in Athens, the capital of Greece.Greek Prime Minister Alexis Tsipras attended the opening ceremony and Zou Xiaoli, the Chinese ambassador to Greece, visited the

1.China has offered to purchase nearly US$70 billion of energy, agricultural and manufactured products from the US in the first year of a deal that would require the Trump administration to suspend tariffs on Chinese products. 2.G

Worldwide Cruise Terminals, manager and operator of Hong Kongs Kai Tak Cruise Terminal, signed a tripartite memorandum of understanding with the Hong Kong University of Professional and Continuing Education programme and the University of P

A total of 15 steel makers, mainly in eastern and northern China, lifted steel products prices on June 7, spurred by bullish outlook in a rising market. Shandong Laigang Yongfeng Iron and Steel Co., Ltd in eastern China adjusted up rebar pr

Russian giant Gazprom and its Chinese partner CNPC discussed the issues regarding cooperation in the gas sector, including the status of the project for gas supplies via the eastern route (Power of Siberia). It was noted that the project wa

The China-Myanmar crude oil pipeline has carried a total of 8.9 million tonnes of crude oil into China after one year of operation, according to its operator in southwest Chinas Yunnan Province. Meanwhile, China has imported more than 18 bi

China has offered to purchase nearly US$70 billion of energy, agricultural and manufactured products from the US in the first year of a deal that would require the Trump administration to suspend tariffs on Chinese products. The New York Ti

German marine transportation specialist United Heavy Lift has said it has taken the management of a new the newly built DP2 Deck Carrier Vessel, MV Zhi Xian Zhi Xing from Shanghai-based Zhixian Transportation. The German firm has also manag

1.Lloyd’s Register granted the approval in principle (AiP) to Shanghai Waigaoqiao Shipbuilding for its LNG dual-fueled 210,000 DWT bulk carrier design. 2.China's bulk commodity market continued to grow in May with stable expansion in s

51 foreign investors have taken advantage of the opportunity to enter the Chinese market for iron ore futures since the opening up of trades for foreign investors on the Dalian Commodity Exchange (DCE). The move aims to play a piloting and

Damen Marine Components (DMC), part of Dutch group Damen Shipyards, said its production facility in Jiangyin, China, has received the official ISO 9001-2015 and ISO 14001-2015 certification following an audit earlier this year. DMC has had

Oil prices ended higher on Thursday amid rising concerns about the sharp decline in crude exports from Venezuela. The West Texas Intermediate for July delivery added 1.22 U.S. dollars to settle at 65.95 dollars a barrel on the New York Merc

1.Elite Cruises could start service from Qingdao, China, by the end of this year, adding another player to a dynamic Chinese cruise market. 2.China Customs demands shippers submit cargo data.Shippers of imports, exports and transshipment

BEIJING - Chinas bulk commodity market continued to grow in May with stable expansion in supply and sales, industrial data showed. The China Bulk Merchandise Index (CBMI), a gauge of domestic bulk commodity market growth, stood at 103.3 per