June seaborne iron ore imports to reach 98.22 mln Tons; local mills to ramp up output to reap large margins. Chinas June seaborne iron ore imports are on track to rise to a record high, data on Thomson Reuters Eikon showed, stoking concerns

Oil prices kept rising on Thursday after official data showed a much-bigger-than-expected decline in U.S. crude stockpiles. The U.S. Energy Information Administration (EIA) said in a weekly report on Wednesday that the countrys crude stocks

The China Institute for Free Trade Ports with Chinese Characteristics was officially launched by the Hainan provincial government on June 27 in Haikou, capital city of Hainan province, to support the islands free trade port development. In

China has ramped up purchases of liquefied natural gas (LNG), pulling in rare cargoes from Cameroon, Egypt and Europe, trade data shows, as the worlds most populous nation shores up supplies to avoid power shortages during a prolonged heat

1.Although the country's merchant fleet needs more sailors, low wages and social status, poor conditions and long absences from friends and family are deterring recruits. 2.The amount of containers delivered in Taicang port saw growth

The imported iron ore market remains unchanged today. Iron ore futures market was buoyant overnight and extends an upward trend in the morning, thus traders tend to hold prices and focus on sales. Partial steel mills expressed that they mai

Although the countrys merchant fleet needs more sailors, low wages and social status, poor conditions and long absences from friends and family are deterring recruits, as Jiang Chenglong reports. The Belt and Road Initiative, Chinas drive t

1.China'Stronger Than Last Year' For Carnival Corp.Donald said he still believes China will eventually be the largest cruise market in the world, and putting in new hardware (ships) still made sense. 2.China Merchants Heavy Indus

The amount of containers delivered in Taicang port saw growth of over a quarter year-on-year in May, ranking first for growth among the main ports in China, according to an announcement by the management committee of Taicang port. The port

Natural gas will be the fastest growing energy of China in next 30 years, along with supply-side reforms and changing road economic improvement, predicted an industry report. The demand for natural gas in China could surge exponentially to

Chinese steel rebar futures held near a four-week low on June 27 as traders worried that a growing trade row could crimp physical demand even as production continues to rise. The most-active rebar futures on the Shanghai Futures Exchange ed

Hong Kong-headquartered intra-Asia specialist SITC has made another foray into the newbuildings market with a brace of 2,400 teu containerships from Chinas Yangzijiang Shipbuilding. SITC will pay a total US$58m for the two vessels, which ar

ITASCA, Illinois-headquartered global supply chain solutions company AIT Worldwide Logistics has opened a new full-service station in the Qingdao on Chinas eastern seaboard. Located in Shandong province, AIT-Qingdao is the organisations sev

Hong Kongs Orient Overseas Container Liner (OOCL) has announced the cancellation of its Asia-Europe sailings on the eastbound and westbound WM1 service due to the expected low demand in the West Mediterranean region during the summer holida

Imported iron ore market remained firm today. Influenced by the downward trend of iron and steel futures market, steel mills are in cautious stance in procurement, mainly digesting inventories. Traders were eager to sell and the continuous