Latest News

BEIJING: A cargo ship laden with cement sank after losing power and hitting a reef off Ningbo-Zhoushan Port, China, in...

BEIJING: China’s shipping conglomerates China Merchants Energy Shipping (CMES) and Sinotrans & CSC Group are going to merge their operations...

JEDDAH: NYK has established its first exclusive roll-on/roll-off (ro-ro) terminal in Saudi Arabia at King Abdullah port (KAP). KAP RORO...

BEIJING: Freight rates for very large crude carriers (VLCCs) face a roller-coaster ride on uncertain cargo volumes and vessel supply...

ATHENS: Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced its results for the second quarter...

BEIJING: The total costs of the damages wrought by the giant explosions at Tianjin port last month could be as...

BEIJING: A long running dispute between Cosco Dalian Shipyard and Dalian Deepwater Developer has been resolved in the yard’s favour...

MOSCOW: Russia has banned imports of all agricultural produce from Bulgaria as of Sept. 1 over forged certificates from the...

TEHRAN: Iranian ambassador to Bangladesh Abbas Vaezi has voiced Tehran's readiness to export oil and gas to Bangladesh. Vaezi said...

RIYADH: The recently formed Saudi Arabian Industrial Investments Company (SAIIC) has appointed Rasheed M Al-Shubaili as its chief executive officer...

RIYADH: Saudi Arabia stocks were higher after the close on Thursday, as gains in the Insurance, Multi Investment and Retail...

TEHRAN: Iran’s exports to Europe registered a 49.7 percent increase in terms of value year on year and stood at...

BEIJING: E-commerce China Dangdang Inc., a leading Chinese web retailer of books, music, video and other media, reported continued sales...

SHANGHAI: Shanghai Securities Journal has cited figures from TX Investment Consulting claiming 2,483 out of the 2,593 domestic registered mutual...

BEIJING: Chinese border patrol officials seized 620 wild turtles and tortoises ,510 of them considered endangered , that were found...

BEIJING: Police in China have successfully cracked an underground wild life smuggling operation. A haul of more than 1,500 whole...

SHANGHAI: Recently, an American-made passenger aircraft, imported through leasing trade, has successfully settled down in Dalian, Liaoning Province to implement...

BEIJING: China's crude steel output continued to decline after recording its first half-year drop in two decades, the latest data...

SHANGHAI: Irish aircraft leasing firm Avolon Holdings Ltd said it agreed to be acquired for about $2.5 billion by Bohai...

SHANGHAI: Alibaba Group Holding Ltd Chairman Jack Ma and Vice-Chairman Joseph Tsai are planning to raise more than $2 billion...