China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry.

A new report on Shanghai's shipping sector has revealed an encouraging set of annual operating figures and also highlighted various issues,

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.