The German cabinet on Tuesday approved China’s Cosco buying a 24.9 per cent stake in HHLA, a container operator at Germany’s Hafen Hamburg port. The nod came despite calls from several quarters urging Chancellor Olaf Scholz to not let the Chinese company buy stakes in the firm.

Germany allows Chinese company to buy stakes in container operator at its largest port

Freight rates for US crude tankers bound for Asia were bid up to a more than three-year peak this week as US sanctions on a Chinese transport giant cut vessel availability, traders and shipbrokers said.

Oil shipping rates from US to Asia hit 3-year high, quieting November trade - Sources

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