China has decided to impose an additional tariff of 25 percent on 16 billion dollars worth of US goods, the Customs Tariff Commission of the Chinese State Council announced on Wednesday. The decision followed the US announcement earlier tha

Oil prices slumped on Wednesday as official data showed a smaller-than-anticipated drop in American crude stockpiles. U.S. crude oil inventories fell by 1.4 million barrels to 407.4 million last week, well below the 3-million drop forecast

The first ice-class cargo ship, Tian En, refueled in Busan, a port city in South Korea, on Monday. Tian En, carrying wind power equipment, set sail from east Chinas Lianyungang City in Jiangsu Province to a European port on Saturday. At 10:

1.OOCL will continue to operate independently upon closing of the US$6.3bn acquisition by COSCO Shipping,which will make the Chinese carrier the world’s third largest shipping line. 2.The Hong Kong Maritime and Port Board is issuing

The merger of Orient Overseas (International) Limited (OOIL) and COSCO Shipping Holdings offers can effectively combine the respective strengths of both and optimize our global network, thereby achieving greater economies of scale and syner

New ship designs and dredging will open the river up to larger vessels. Xing Yi and Liu Kun report from Wuhan. As the point at which two of the countrys major transport routes－the north-to-south Beijing-Guangzhou rail line and the Yangtze

Chinas imported iron ore market extends upward trend on sentiment. Traders continue to hold up quotations following favorable transactions yesterday, both in volumes and prices. In light of inquiries, steel mills are not very acceptable for

A new race to build multi-billion dollar liquefied natural gas (LNG) plants is gaining momentum after a long hiatus in investments as energy giants sense a widening supply gap within five years. Spending on new, complex facilities that supe

Liberia continues to deploy significant improvements to its state-of-the-art web-based client interface system, WayPoint, by enhancing certificate security features, introducing a QR Code symbol for electronic certificates and streamlining

The city of Guangzhou announced the opening of another marine shipping route at Guangzhou Container Terminal on July 31 as a cargo vessel docked at Huangpu from Inchon. The ship Acacia Libra belongs to the South Korean shipping giant Pan Oc

China Coast Guard officers have detained 3,587 people on suspicion of smuggling refined oil and cracked more than 800 such cases since last year, according to the Coast Guard on Tuesday. Meanwhile, they have broken up 18 major smuggling ope

Chinas imported iron ore market is in buoyancy in tandem with marked increase in iron ore futures market at Dalian Commodity Exchange. The production control albeit hinders some demand, while rumors about a decline of Rio Tintos shipment in

Orient Overseas Container Line (OOCL) will continue to operate independently upon closing of the US$6.3bn acquisition by COSCO Shipping, which will make the Chinese carrier the worlds third largest shipping line. An online QA posted on COSC

The global cruise ship orderbook has reached another new record, following July ship orders from Seabourn, Princess, TUI and Lindblad. The newbuild contracts pushed the forward-looking orderbook to 113 ships set to be introduced between now

1.Chinese cargo ship Tian En,which is the first ice-class cargo ship developed by COSCO set sail from east China's Lianyungang City in Jiangsu Province to a European port on Saturday by the northeast passage of the Arctic shipping ro