The United States has adopted an 'escalate to negotiate' strategy towards China, threatening a dramatic hike in tariffs to try to force a resumption of trade talks while the U.S. economy remains strong and as elections approach in November.U…
Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes of news business ties with the reclusive country.Japanese retail investors are…
A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped…
The Korean container shipping company Hyundai Merchant Marine (HMM) has started a new, independent Asia-North Europe service in April. The first vessel of the AEX service to call at Eurogate Container Terminal Hamburg on 12 May was ‘Hyundai Forward’ with a capacity of the 4…
South Korea said on Wednesday it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. sanctions on Tehran, which will tighten world oil markets and push up prices.Iran is the…
Trade and investment restrictions are proliferating around the world, driven by a combination of security concerns and protectionist pressures. In each instance, policymakers can usually cite a justification of why trade and investment restrictions are necessary…
Japan and China agree that a trade war will have serious consequences for the world economy, Japanese Foreign Minister Taro Kono said on Monday after a high-level economic dialogue between the world's third- and second-largest economies.Concern…
The United Nations Security Council blacklisted dozens of ships and shipping companies on Friday over oil and coal smuggling by North Korea, boosting pressure on Pyongyang as leader Kim Jong Un plans to meet with his South Korean and U.S. counterparts…
The United States targeted North Korea in a new wave of sanctions on Friday directed at one person, 27 companies and 28 vessels, according to a statement on the U.S. Treasury Department's website. The Treasury's Office of Foreign Assets Control announced the new measures…
Tanzanian President John Magufuli on Friday put a temporary ban on the registration of foreign ships in the country and ordered over 400 vessels to be investigated for allegations of involvement in criminal activity.The ban came after at…
China's imports from North Korea plunged in December to their lowest level in dollar terms since at least the start of 2014, with trade curbed by U.N. sanctions aimed at persuading Pyongyang to abandon its ballistic missile and nuclear weapons programs…
Shipping confidence held steady at its highest rating in the past three-and-a-half years in the three months to end-November 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
APL has launched a new Korea China Straits (KCS) service to serve the Asian markets of China, Korea, Singapore, Malaysia, Indonesia and the Philippines. The weekly service will link Nansha in South China to the Straits of Singapore and Port Klang as well as Indonesia…
The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use GPS (Global Positioning System) and other…
U.S.-China economic talks appeared off to a contentious start on Wednesday as senior Trump administration officials demanded a 'more fair' China trade relationship while both sides canceled news conferences previously planned to discuss outcomes…
