Mitsui OSK Lines (MOL), Japan’s largest shipowner, has expressed its confidence in its self-developed wind propulsion system, announcing today plans to install its Wind Challenger hard sail on a further seven dry bulk and multipurpose […]
BEIJING, May 22 (Reuters) – China’s breakneck build-out of solar power, fuelled by rock-bottom equipment prices and policy support, is slowing as grid bottlenecks pile up, market reforms increase uncertainty for generators, and the best […]
LONDON, May 22 (Reuters) – The London Metal Exchange (LME) copper price hit a record nominal high of $11,104.50 per metric ton on Monday. The London market is playing catch-up with its U.S. peer CME […]
Two unidentified merchant vessels have reported an attack off Yemen. Maritime security consultancy Ambrey said it received a report that a ship was suspiciously approached 68 nautical miles southwest of Yemen’s port city of Hodeidah […]
Raw materials are the great overlooked in the global technological competition. In 1992 the father of China’s economic revolution, Deng Xiaoping, said that ‘the Middle East has the oil, but China has the rare earths’. […]
The refloat and transit of the stricken Dali containership from its current location to a terminal in Baltimore is slated for Monday morning. Optimum conditions call for the transit of the 9,962 teu ship to […]
A fact sheet posted on the White House website this week announced that U.S. President Joe Biden is directing his trade representative to increase tariffs under Section 301 of the Trade Act of 1974 on […]
“We are very concerned,” says WTO chief Ngozi Okonjo-Iweala. It is now well-known that Beijing has distorted certain markets in part by introducing massive subsidies. For example, China now produces electric vehicles that are widely […]
The dramatic escalation between Israel and Iran has sidelined the most significant disruption of global energy trade over the last year. Since mid-November 2023, the Houthi have launched dozens of attacks to commercial vessels, firing […]
The Biden administration moved Tuesday to block China’s access to the American market for clean energy technology by doubling duties on solar cells and effectively quadrupling the price of electric vehicles from China. The actions […]
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