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DOHA, Qatar - Royal Dutch Shell, China National Petroleum Corp (CNPC) and Qatar Petroleum (QP) signed a 30-year deal on Sunday for gas exploration and production in Qatar, the holder of the world's third-largest gas reserves. Officials signed the agreement under which Shell, as operator, will hold a 75 percent equity stake, with CNPC holding the remainde...
China's trade surplus in 2010 will fall steeply, commerce ministry spokesman Yao Jian told a news conference on Monday. He also said the yuan had been rising against the euro and that this would have an impact on Chinese exports. China recorded a $196.1 billion trade surplus last year. After narrowing surpluses in the first months of 2010, including ...
FRENCH carrier CMA CGM's PEX3 Asia-Gulf of Mexico service will begin calling on Alabama Port of Mobile and Busan in Korea from May 20, a statement from the company said. "With these additional calls, the group is now offering excellent port coverage for its customers in south east Asia, south, central and north China as well as Korea," said Alain Schmid,...
DETROIT - General Motors Co executives want their own auto-financing arm so they can offer more competitive lease and loan deals, according to a person briefed on their plans. The executives want to buy back the auto financing business from the former GMAC Financial Services or start their own operations, said the person, who asked not to be identified be...
BP Plc engineers desperately explored options on Sunday to control oil gushing from a ruptured well deep under the Gulf of Mexico after a setback with a huge undersea containment dome fueled fears of a prolonged and growing environmental disaster. The spill is spreading west, further from Florida's beaches but toward the important shipping channels and ri...
SINGAPORE – Oil prices fell to near $76 a barrel Wednesday in Asia as investors weighed growing global crude demand against a fragile euro. Benchmark crude for June delivery was down 10 cents to $76.27 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The June contract fell 43 cents to settle at $76...
BEIJING: The United States wants to work with China to expand the global economy and promote the development of the green economy, said a US Commerce Department official Wednesday in Beijing. Cameron Kerry, General Counsel of the US Department of Commerce, said at a news briefing at the US embassy that the two countries faced an important time in their re...
BEIJING - Chinese Vice Premier Zhang Dejiang met Thursday with Vice President of the European Commission for Digital Agenda Neelie Kroes in Beijing, and agreed to enhance cooperation in the information industry. Hailing the 35-year diplomatic ties between China and the European Union (EU), Zhang said the two sides had enjoyed increasing cooperation since ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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