Six crew members with a sinking cargo ship were all saved by rescuers sent by local transport administration authorities on Saturday in waters east of Luchao Port in Shanghai. The accident happened earlier Saturday at about 17:00 local time

1.China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from July 6 has preserved a potential weapon should the trade war with Washington deepen. 2.A U.S. cargo ship cont

Yantai Port Group in East Chinas Shandong province handled a total cargo throughput of 160 million tons, with a year-on-year growth of 16.6 percent, in the first half of this year, local media reported on Thursday. Additionally, Yantai port

Chinese oil giant China National Petroleum Corp (CNPC) and Brazils state-owned oil company Petrobras are closer to forming a strategic partnership to finish a major refinery project. The companies announced Wednesday in a Brazilian securiti

Iron ore futures market at Dalian Commodity Exchange continued to run with narrow fluctuation and theres little impact from US tariff. Traders held quotations firm and tended to raise prices for Brazilian resources. Partial mills expressed

1.Shanghai rebar steel futures rose on July 4 after China said it will intensify the closure of outdated and excess steel capacity from this year through 2020 as part of its anti- pollution plan. 2.As the US and China prepare to ra

Chinas imported iron ore market edged down in the morning due to retreat in yesterday overnight futures market. Iron ore futures at DCE hovered at RMB455/tonne today along with narrow vibration, and traders expressed they would adjust price

Chinas omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from July 6 has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijings desire t

A U.S. cargo ship containing soybean exports bound for China is steaming toward the country in hopes of beating a 25 percent tariff on U.S. soybeans expected to be implemented Friday. Bloomberg reports that the ship, Peak Pegasus, is expect

Positioned as the largest free trade zone (FTZ) in Africa, the China-established Djibouti FTZ is expected to open on Thursday, attracting wide attention in the country strategically positioned in the China-proposed Belt and Road initiative.

Oil prices went down on Thursday as official data showed U.S. crude inventories rose unexpectedly last week. The Energy Information Administration said on Thursday that U.S. crude inventories rose by 1.2 million barrels in the week ending J

London Crude oil futures remained mixed during morning trade in Europe Thursday, as US President Donald Trump again tweeted critical comments against OPEC, blaming the oil producer group for the rise in gasoline prices. At 1059 GMT, ICE Sep

Bjorn Hojgaard, chief executive of Anglo Eastern Group, Hong Kongs largest ship manager, has thrown his weight behind a proposal to halve corporate tax rates for ship leasing companies and maritime support firms to 8.25%. In May this year H

The Ocean Alliance is changing its Middle East services to offer a total of four loops serving Asia and Middle East ports by merging the existing ME2 product into the ME1 to form a single loop. Service coverage will continue to include main

Despite narrow fluctuation of iron ore futures market, imported iron ore market remained steady and some traders raised quotations of low alumina resources and iron ore lumps by RMB3-5/tonne. Traders showed strong desire to quote and boost