On 18 January 2022, the Fair Trade Commission (KFTC) said it has imposed a fine of KRW 96.2 billion (about $80.7 million) on Korean and foreign carriers along with corrective order. The companies...

The Biden administration is assessing if Alibaba's cloud business presents a threat to U.S. national security. Alibaba's cloud business in the U.S. has an annual revenue of about $50 million, a fraction of...

The practice of issuing signed paper certificates to document compliance with maritime rules and regulations may be nearing its end. The accompanying inspection reports stated that some of the certificates requested did not...

The Omicron variant, which is spreading far faster than previous versions of the coronavirus, is not likely to help countries achieve so-called herd immunity against COVID-19, in which enough people become immune to...

France LNG Shipping has signed a long-term charter deal for a new LNG carrier. This new vessel will have 174,000-cubic metres LNG capacity. HSHI will deliver the new LNG carrier in 2025. French ship-owning...

Crude oil futures were lower in mid-morning trade in Asia Jan. 20. Oil prices have climbed spectacularly since the start of the year. US crude oil stocks, meanwhile, reportedly rose 1.4 million barrels...

Many of the same “trends” appear again and again because, to put it simply, technology takes a long time to mature before most of us actually want to buy it. That applies this year...

Governments looking to ease curbs, dial back stimulus Economy "functions right through" COVID - Fed's Powell Easing pandemic protocols risks creating complacency Omicron less virulent, but vaccination rollouts still key China remains a...

3.1 tonnes of CO2 are emitted for every tonne of bunker fuel burned Market-based measures for carbon include fixed carbon taxes; cap-and-trade carbon credit systems; and direct subsidies. estimated effective carbon price range...

People can order four at-home tests per residential address, to be delivered by the Postal Service. Tuesday more than 750,000 people were accessing the website at the same time. Biden announced last month...