Asian shipping and logistics executives are not overly concerned about the impact of the US and China trade war and see a shift in trade patterns.
The Singapore Chamber of Maritime Arbitration (SCMA) has entered into a cooperation agreement with the China Maritime Arbitration Commission (CMAC) to promote maritime arbitration for the effective resolution of maritime disputes.
Shanghai Waigaoqiao Shipbuilding (SWS) has won an order for 10 capesize dry bulk newbuildings from China state-owned Shandong Shipping Corporation.
Southeast Chinese province of Jiangxi launched international trade operations at its biggest inland container terminal aimed at improving transportation efficiency and attracting greater container cargo volumes.
China’s Yangzijiang Shipbuilding has stayed profitable amid the weak shipbuilding market, as it looks to healthy yard utilisation up to 2020 backed by an orderbook of 114 vessels valued at $4.1bn.
China’s Wuchang Shipbuilding Industry Group has won an order to build up to four 7,200 dwt stainless steel chemical tankers for chemicals trading group Sinochem.
MacGregor and China State Shipbuilding Corporation (CSSC) have signed a letter of intent on strategic cooperation that will see MacGregor strengthen its presence in China.
The Tasmanic Winter has nearly finished its voyage from China to Rotterdam via the Northern Sea Route with 24 new vessels on board built at Damen yards in Changde and Yichang.
It has been 10 years since the onset of the 2008 global financial crisis, which also marked the start of a prolonged downturn for China’s once bustling and sprawling shipbuilding sector. Ren Yuanlin, executive chairman of Yangzijiang Shipbuilding, foresees that the outlook for Chinese yards will continue to be tough.