Iran is readying the first commercial exports of its West Karoun crude oil grade for May or June, two sources familiar with the matter said, even as fresh economic sanctions against the country loom.Iran has already been shipping samples of…
China's exports rebounded more strongly than expected in April after a surprise drop the previous month, suggesting global demand remains relatively resilient and providing a cushion to the economy amid a heated trade dispute with the United States…
Oil prices are at more than three-year highs, driven by an expectation that renewed U.S. sanctions on Tehran over the country's nuclear program will disrupt Iranian crude flows.But without the Europe Union, or Iran's other big crude customers…
China's top economic official will visit Washington next week to continue trade talks with Trump administration officials, the White House said on Monday, after two days of talks in Beijing last week failed to produce a breakthrough.'We are…
The total gross tonnage of the Danish ship registry recently surpassed 20 million GT for the first time in history.Denmark, which has been steadily climbing the ranks as a shipping nation, is currently the world's 12th largest register.The fleet…
MOU has been signed to collaborate on development of new inland container terminal, promoting Egypt's sustainable economic growth. The three partners will bid for a government contract for the project, later this year. The proposed inland…
Sri Lanka's state-run investment body has approved a $500 million liquefied natural gas plant by China Machinery Engineering Corp near a Chinese-controlled port and industrial zone, the development strategies minister said on Friday.The state…
Brazil's soybean exports hit record volumes last month, grain exporter association Anec said on Thursday, citing a weak domestic currency and trade tensions between the United States and China for bolstering business for local farmers.Brazil's April soybean exports reached 11…
The chairwoman of South Africa's state-owned logistics utility Transnet has resigned along with two other board members, the public enterprises ministry said on Thursday.The firm has been accused of irregularities in the awarding of contracts…
Ethiopia and Sudan have agreed on a deal that will allow the Horn of Africa nation to take a stake of Port Sudan, Ethiopia's Foreign Ministry said on Thursday.The deal was reached on Thursday in Khartoum in a meeting between Ethiopia's Prime…
The Trump administration’s proposed tariffs on $50 billion of Chinese imports, coupled with retaliation promised by China, would reduce U.S. gross domestic product by nearly $3 billion and destroy 134,000 American jobs, according to a new study…
South Korean exports declined in April for the first time in 18 months, unable to keep up with 2017’s brisk pace as global demand softened, adding to worries about the country’s trade outlook amid the risk of a deepening U.S-China trade conflict…
Prime Minister Justin Trudeau on Monday said any move by the United States to impose tariffs on Canadian steel and aluminum would be a 'very bad idea' guaranteed to disrupt trade between the two nations.Trudeau told reporters in Vancouver he…
In January and February the Maritime Disruptors Academy premiered when students and employees in the shipping industry actively engaged on how to make the most of new technology and ways of thinking. Given that the entire Danish maritime cluster will be part of the change the next Academy…
The ITF has welcomed the positive outcome of the third meeting of the Special Tripartite Committee of the ILO (International Labor Organization) in Geneva. The STC has agreed on a new amendment to the Maritime Labor Convention (MLC) 2006 and…