SINGAPORE / Reuters Freight rates for very large crude carriers (VLCCs) on Asian routes from the Middle East could fall to a new low for the year next week as too many ships chase the number of available cargoes, ship brokers said on Friday. That came as average rates from the Middle East to Asia have fallen close to last …

SINGAPORE / Reuters China is on pace to overtake the United States as the world’s biggest oil importer this year, cementing its status as Asia’s most pivotal oil market actor that will increasingly dominate the region’s fuel trade. For the first time, China imported more crude oil in the first half of the year than the US, government statistics showed. …

DUBAI / Emirates Business As South Korea prepares for the largest winter sporting event in its history, LG Electronics (LG) focused on improving automated services at the main hub for the world’s travelers – Incheon International Airport (IIA). LG put into service a number of Airport Guide Robots and Airport Cleaning Robots at the award-winning airport to assist travelers arriving …