Oil prices rebounded strongly on Tuesday amid reports that the U.S. State Department said it will require companies to cut all oil imports from Iran to zero by November. Companies that buy Iranian crude oil must completely cut those exports

China will lower tariffs on imports from some Asia-Pacific countries beginning in July, according to an announcement released Tuesday by the Customs Tariff Commission of the State Council. The list of over 8,500 goods and items applicable t

On Marine Money latest magazine issue- The Bankers Issue Out Now! In this years Shipping Portfolio League Table 2017, The Export-Import Bank of China beats DNB, KfW IPEX-Bank and BNP Paribas to become the worlds largest shipping bank and th

The Emirates Sana container ship left Xiamen for the United Arab Emirates on June 18, marking the launch of a new foreign trade route at Xiamen port. Built in 2006, the 100,000 ton cargo ship is 304 meters long and capable of carrying up to

A freight vessel carrying 1,815 commodities from Incheon, South Korea, including cosmetics, electronic toothbrushes and sneakers, arrived at Yantai port on June 21. The arrival of the vessel came on the same day as the citys first internati

Pacific Basin Shipping, Hong Kongs leading bulk specialist, yesterday closed a US$325m revolving credit facility secured over 50 of the companys owned ships. We are very pleased with the terms of this important new milestone transaction for

1.ILLUSION PLUS, Chinese-built super yacht and the largest super yacht in Asia, started the seatrails after departing from the port in Yantai, China, and successfully finished its sea trial on 24th June, 2018. 2.China Merchants Po

Under the terms of the MoU, the Liberian Registrys technical competence will be employed to help shipyards and shipowners improve their innovative strategies. The CCS MoU has a particular focus on innovation and technology within the intern

Secretary for Commerce and Economic Development Edward Yau says Hong Kong is worried about the worsening trade row between China and the US given that 17 per cent, or HKD60 billion (US$7.6 billion) worth of Chinese exports in question passe

Chinese companies have invested billions of dollars in planned steel and coal projects as they chase new markets by shifting production to south-east Asia. In the past four years, Chinese steel companies have funded 32 million tonnes of ann

Worldwide Cruise Terminals, manager and operator of Hong Kongs Kai Tak Cruise Terminal achieved a new local record-setting highest throughput day of 15,307 cruise passengers on 15 June 2018. On the day the Terminal hosted two mega cruise sh

1."Chinese seafarers career happiness index" has been released in Dalian Maritime University on June 25,the international seafarer day, which is jointly?conducted by the Institute of Shipping Development of Dalian Maritime University and Xin

US boat makers Wednesday urged President Donald Trump to immediately withdraw high tariffs on alloy aluminum sheet imports from China, saying these harmful policies will cost American industries dearly. The administration claims their trade

OPEC Secretary general Mohammad Sanusi Barkindo has said that OPEC deal with several non-OPEC nations in 2016 saved the oil industry. Speaking ahead OPECs annual meeting in Vienna on Wednesday, Barkindo said the impact of the December 2016

Shanghai steel futures climbed 1% on June 21, recovering from a two-day slide, after China said it was considering to use monetary policy measures to support its economy amid rising trade tensions with the United States. Chinas state radio