Latest: Asia Transportation News

Officials in Seoul expect China's sanctions will have an impact on the US plan to revive shipbuilding as it may be tough to get all the parts needed in America

Business in China has changed dramatically for global companies because of its weak economy, sluggish consumer demand and intensifying trade tensions.

China's Global Times says the rise in trade tensions stems from the US expanding its 'Entity List', which preceded Beijing's ramp up of controls on rare earths

There are 17 rare earths that are vital materials in products ranging from electric vehicles to aircraft engines and military radars and exports of 12 of them are now restricted

The EU has emerged as a key market for Chinese firms due to increasing competition and deflationary pressures at home and tough policies that deter their expansion in the US

The trade war between US and China is now ensnaring ocean shipping firms that move everything from holiday toys to crude oil

Delays on export license applications began in September, before Beijing's move last week to expand controls over the critical minerals used in magnets, sources say