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

The service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic, according to the second annual shipper satisfaction survey of Drewry and the Eu

Seeing some 1.5 million passengers in 2017, Shanghais Wusongkou International Cruise Terminal (WSK) has become Chinas central cruise hub. The entire country saw 2.39 million passengers last year, giving Shanghai close to 60 percent of the m

1.Chinese shipping giant Cosco, having sent 10 ships along the Northern Sea Route to western Europe through the Arctic Ocean north of Russia, now plans to send 10 more this summer, reports Norway's Independent Barents Observer. 2.

Omnitek Engineering commenced shipments of the companys natural gas engine components to its exclusive distributor in China, Omnitek Beijing, for the conversion of large marine engines from diesel to natural gas. In addition to marine engin

Chinas first self-developed submarine pipeline survey vessel was officially delivered on Wednesday in south Chinas Guangdong Province. The vessel, code-named Offshore Oil 791 is 65.2 meters long, with the maximum load of 1,200 tonnes and a

As the US and China prepare to ratchet up their trade dispute the World Trade Organizations latest report on G20 trade measures reveals a surge in trade-restrictive practices implemented between October 2017 and May 2018. The report, issued

JAKARTA - Passengers trapped for a night on a stricken ferry off the Indonesian island of Sulawesi were rescued early on Wednesday, an official said, as the death toll rose to 29. Images from the scene showed terrified passengers clinging t

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. But prices ended well below the days peaks as a

CHINESE shipping giant Cosco, having sent 10 ships along the Northern Sea Route to western Europe through the Arctic Ocean north of Russia, now plans to send 10 more this summer, reports Norways Independent Barents Observer. The report, whi

On the morning 3rd July, 2018, our company built for Korea owner one unit 15000DWT Self Unloading Coal Carrier, a special transferring vessel named JK GUNJANG. It sail smoothly advance one month compared with contract delivery date. At the