European Commission President Jean-Claude Juncker’s 13 September call for “investment screening” has raised new concerns in Athens as the country battles to meet the demands of its European creditors through the privatisation of state-owned commercial organisations.
Cosco Shipping Development Co (CSDC) has entered into a multi-partnership agreement to look into investment opportunities in the logistics industry, capitalising on China’s One Belt One Road initiative.
Leading ship finance executives see China’s massive One Belt One Road (OBOR) as very positive for shipping.
French container line CMA CGM has confirmed it is ordering nine 22,000 teu containerships.
Chinese yards have recorded 15.85m dwt in new order tonnage for the January to August 2017 period, representing a 11.3% year-on-year drop as shipowners’ appetite for newbuildings remained lacklustre amid the oversupply of ships.
Cosco Shipping Ports (CSP) continued with its strong pace of growth in August, with overall throughput going up 13% to 7.7m teu from 6.8m teu in the previous corresponding period.
China is a power with a strategic plan and Greece can only benefit from bilateral cooperation, Greek Prime Minister Alexis Tsipras said during a press conference in Thessaloniki 9 September. The Greek leader commented on Greece’s strategic partner, expressing his admiration for the strategy of “a strong and peaceful country".
A subsidiary of China Merchants Port Holdings Company (CMPH) has entered into an agreement to buy a majority stake in Zhongshan Port & Shipping Enterprise Group.
More than 10 main seaports located in China’s three Emissions Control Areas (ECAs) along the country’s sprawling eastern coastline have implemented the 0.5% fuel sulphur cap, as part of a national effort to curb harmful emissions from ships at berth.