China will allow overseas investors to establish and own shipping enterprises, according to new guidelines that aim to boost the deficit-plagued sector.

South Korea may have the reputation as the world's largest manufacturer of offshore engineering equipment, but its earning ability is no longer as strong as it used to be.

China's political advisory body on Tuesday convened a meeting to discuss development of shipbuilding.

The shipping industry may have planted the seeds of its next crisis, even as it works to finish recovering from the last one, with a rise in the number of ships now being built in Asia.

China is laying the tracks for the further development of Latin America and boosting relations with the region following President Xi Jinping's proposal for a Peru-Brazil transcontinental railway and the signing of a China-Brazil rail agreement.

According to latest data, international shipping centers moved to the east. Of the top ten international shipping centers, six were in Asia-Pacific Region, including Hong Kong and Shanghail.

As China’s commodity import decreased, the Baltic Dry Index (BDI) decreased to about 900 point in late June 2014. It had dropped by about 60% within a year, the worst record same period in history.

[ferro-alloys.com] China has strengthened its leading position in the shipping industry, with freight transport capacity and loading volumes steadily rising, official figures showed Friday.