Ocean shipping rates into both US coasts are on the rise going into peak season demand. Along with ongoing import growth due to a strong US economy, market watchers also cite tighter regional trade shifts, tighter vessel supply, fuel prices

Oil prices went down on Wednesday as official data showed that U.S. crude inventories rose unexpectedly last week. The West Texas Intermediate for September delivery decreased 2.03 U.S. dollars to settle at 65.01 dollars a barrel on the New

AbriefinterviewwithConsulGeneraloftheConsulateGeneralofPanamainShanghai The Panama Maritime Technology Seminar (Dalian) was conducted in Dalian Maritime University (DMU) on August 6, 2018. The seminar invited Nicolas Saval Zimmermann, Consu

Chinas imported iron ore market gradually stabilizes as the speculation on news about stricter production control in Tangshan fades. Traders are keen to sales amid steel mills regular procurement; port trades remain more active as compared

China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada. The opening ceremony was graced by Bruce Ralston, Minister of Jobs, Trade Technology,

BP aims to open more gas stations in China, as the country has further opened up its market to foreign companies. Chinas new version of negative list for foreign investment, effective since July 28, has broadened the market access to foreig

Oil prices went down on Tuesday as the market was pressured by a strengthening U.S. dollar. The dollar has risen drastically as the recent financial crisis in Turkey has weighed on the euro, the Turkish lira and other emerging market curren

1.The world's seventh-largest container liner,Evergreen Marine,booked a bottom line deficit in the second quarter.The loss came despite the fact that the company increased its revenue. 2.China imported a record amount of coal in the m

The uncertainty about what will happen to bunker prices after 2020 is creating something of a dilemma for tanker owners. We explore whether they should opt for scrubbers or not. As shipowners are normally able to pass on the additional cost

For 53-year-old Pan Guohua, his job is similar to the sport of diving: Both require a perfectly clean entry. But for Pan, it is definitely tougher. He needs to direct a 400,000-metric-ton giant vessel to dock at a speed no faster than 3 cen

Steel production in China reached a new high in July, the third monthly record in the last four months. According to the latest figures released by the National Bureau of Statistics total crude steel production was 81.24 million tonnes in J

COSCO (China Ocean Shipping Company) Netherlands, a giant Chinese merchant vessel, is sailing on the Indian Ocean towards Greece and plans to finally reach Valencia, Spain on Aug. 31. It is the first time for the multifunctional vessel, whi

1.China seeks feedback on use of LNG as marine fuel.The ministry addressed the letter seeking comments to shipping companies,port and maritime authorities as well as oil companies, asking them to submit their opinions on the promotio

Chinas imported iron ore market strengthens on Monday boosted by frequent price hikes of billet prices in Tangshan. News about the stricter production control for Fengnan district of Tangshan starting from Aug 12 drove up billet prices duri

State-owned PetroChina could pull the plug on winter spot LNG cargo purchases from the United States amidst the Chinese governments proposed tariffs. Bloomberg cites sources close to the matter as saying that the Chinese company would turn