The European Union and China are expected to set up a working group to deepen cooperation on reforming the multilateral trading system, said a senior EU trade diplomat on Wednesday. This joint decision is likely to be finalized at the upcom

Officials from home and abroad took part in the Global Forum on Green Shipping in Shanghai on Wednesday and discussed topics ranging from how the environmental impact of shipping can be reduced to how maritime safety and efficiency could be

There has been a structural increase in LNG import demand into China. There was a gradual increase in demand from the start of 2016 through the middle of 2017. From 2017 through to the present the contribution of global ton mile demand comi

Alaska officials said they remain confident that China will help the state achieve its decades-old dream of building a pipeline to carry now-stranded natural gas from the North Slope to markets, despite growing US-China trade tensions. Chin

China National Offshore Oil Corp (CNOOC) has signed a production-sharing contract (PSC) with Roc Oil (Bohai) Co and Smart Oil Investment for an oilfield in the South China Sea, domestic news site stock.qq.com reported on Tuesday. According

The appetite for newbuilding orders across most shipping markets has started to wane after over US$10bn was spent in the first quarter of 2018, shipping analyst VesselsValue stated in a market report. The total committed to new deliveries i

HANGZHOU - Four people are still missing after their boat lost contact off the coast of East Chinas Zhejiang province Tuesday night, local authorities said Wednesday. Seven people have been rescued as of 6 pm. Police in Xiangshan county of

Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday. The South American nation earns 96 percent of its revenue through o

A wave of stricter port restrictions in south China has left steel producers searching for alternative ports to allow them to berth vessels carrying their imported metallurgical coal cargoes. A south China steel producer, which typically be

1.Hong Kong has been recognized as the second best port city in the world by the fifth annual Xinhua-Baltic International Shipping Centre Development Index Report. According to the Index, Singapore takes the top spot, while London fa

HOUSTON - Tariff escalation among countries could have a negative impact on the global oil and gas industry and the world economy as a whole, a US energy expert said Monday. Anna Mikulska, a nonresident fellow in energy studies at the Baker

Chinas effective tariff rate has reached the level of the developed countries at 2.41 percent, fairly close to the 1.19 percent of the United States in 2017, said experts. According to the World Trade Organization (WTO), Chinas trade-weight

Supply-side structural reform measures have helped the water transportation sector achieve significant cost savings last year, according to officials. In accordance with the new port fees and billing measures published by the Ministry of Tr

MYANMAR has been holding talks with a Chinese consortium to develop a deep-sea port in Kyaukphyu, western Rakhine state, reports Xinhua. Myanmars Commerce Ministry and the China International Trust and Investment Corporation (CITIC) are exp

Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America. Panamas Minister for Trade and Industry Augusto Aroseme