After a frantic week that sent crude oil freight rates to record highs amid a bookings bonanza to ship Saudi oil to the world, rates are now easing as charterers balk at the nosebleed charges and await Saudi volume plans for April, shipping

The investor spotlight has turned toward owners of very large crude carriers (VLCCs), tankers that carry 2 million barrels of crude oil. VLCC spot deals out of the Middle East Gulf have topped $300,000 per day in one case exceeding $350,000

Brazilian miner Vale has been shipping a larger proportion of iron ore products to China at the expense of Europe and other Asian customers at a time of weak volumes, according to trade data through to the end of January, SP Globals Panjiva

The growing epidemic is expected to cause the global cross-border direct investment to decline by 5 percent to 15 percent, a senior commerce official said on Thursday. The remarks came as the COVID-19 outbreak has spread rapidly around the

China is projected to overtake Japan as the worlds largest LNG importer by 2022. Chinas decline in February imports from the coronavirus outbreak was viewed as a temporary setback as Chinas overall gas demand is met by rising imports of LNG

China is speeding up resumption of main projects in various regions, with governments at all levels rolling out supportive policies and regulations to recover work effectively while continuing to impose strict control of the COVID-19 outbre

If you want to travel on a cruise these days, think twice. On March 13, the Cruise Line International Association (CLIA) announced that cruise ship operations from and to US ports will be temporarily suspended for 30 days as a result of con

Frontline, a shipping company owned byJohn Fredriksen, recently completed the acquisition of 10 Suez tankers in Trafigura. This batch of Suez tankers has signed a sale andchartering contract with ICBC Leasing, with a total value of $ 544 mi

1.China will increase export tax rebates on almost 1,500 products from March 20, the finance ministry said on Tuesday, as the government looks to ease the pressure on companies hit hard by the coronavirus outbreak. 2.Mediterranean Shipping

In light of the ongoing global developments surrounding the COVID-19 pandemic, IBIA is looking to offer practical advice to our members to mitigate the risk of infection during bunkering operations. Given the international nature of shippin

In view of the escalating challenges we all face as a result of the Coronavirus-COVID-19 pandemic and the need to safeguard the health and wellbeing of our exhibitors and visitors while at the same time complying with WHO and Greek Governme

China will increase export tax rebates on almost 1,500 products from March 20, the finance ministry said on Tuesday, as the government looks to ease the pressure on companies hit hard by the coronavirus outbreak. The Ministry of Finance sai

Maersk has, due to the consequences of the coronavirus, suspended all crew changes until April 14, the company tells union Co-Sfart. To minimize the risk of spreading coronavirus, Maersk will not change crew on its ships over the next month

There is much in the press about the economic impact of the Coronavirus (CoVid19) outbreak on tourism and supply chain/trade disruption with China. The insurance industry is already affected for example by cruise line passengers, crew PI an

China will temporarily lower the transportation costs for import and export enterprises, as part of efforts to fast-track work resumption and keep the foreign trade sector afloat amid the novel coronavirus outbreak. Port construction fees l