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In its initial stage, the railway will have 77 stations and allow trains to travel at 120 km per hour.

In the first four months of this year, cargo throughput and container throughput showed double-digit growth year on year.

On a trade forum in China recently, experts disclosed dry & bulk cargo seaborne demand was still strong and it would maintain annual growth of 6% in the next five years.

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.