Newport Shipping has come up with an innovative new concept in managing ship repair projects, providing a business-friendly solution for shipowners, while also aiming to get an edge in the looming retrofit market.
In another landmark for overland connections under the Belt and Road Initiative (BRI) between China and Europe the first freight train exclusively destined for Antwerp arrived at the Belgian port on Saturday.
The shock victory by the Malaysian opposition Pakatan Harapan in the country’s General Election on Wednesday have put a question mark over Belt and Road Initiative projects with China in the Southeast Asian nation.
The treaty signed by Panama and China last year on maritime transport will enter into force on 17 May. The agreement will promote maritime and port development of Panama and China, strengthen the Ship Registry and support the Chinese Maritime Authority in the maritime safety issues of Panama-flaggedvessels sailing in its waters.
After some months of rumblings, the European Union and Italian authorities have opened an investigation into suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Piraeus, a trade gateway between Asia and Europe.
Chinese companies have signed agreements to invest $1bn in Khalifa Port Free Trade Zone (KPFTZ), Abu Dhabi in the UAE.
In something of a role reversal from when they overtook European shipbuilders in the 1960’s and 70’s Japanese yard executives are questioning subsidies and resulting low priced orders taken by competitors in China and South Korea.
Tariffs, or rather the prospect of trade disruptions because of them, are “rocking the boat” in a big way.