Tag: China

July 5, 2024

A union proposal seeking to blunt China’s growing dominance in the maritime, logistics and shipbuilding sectors is finding bipartisan support among U.S. Congressional lawmakers, based on remarks made at a recent U.S. House of Representatives committee hearing. The Congressional hearing, […]

March 28, 2024

The steel-cutting ceremony for the 174,000 m3 LNG carrier H1909A of PetroChina International was held at Hudong-Zhonghua Shipbuilding on March 4. This carrier is of the second series in the LNG Phase III project of COSCO and PetroChina, part of […]

February 26, 2024

Thousands of cars from China’s BYD rolled off a ship in the German port of Bremerhaven on Monday, as the world’s biggest electric carmaker brought its challenge directly to Europe’s auto making powerhouse. The delivery was made by the BYD […]

February 14, 2024

Container volumes from ten major Asian countries to the United States reached 1.65 million TEUs in January, marking a 15.6% increase compared to the previous year, while overall US imports amounted to 2.27 million TEUs, showing a 9.9% year-on-year growth. […]

January 5, 2024

The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the newbuilding orderbook demonstrates a measured 3% year-on-year increase, standing at 126 million compensated gross tons (CGT). […]

October 26, 2023

China’s steel sector remains in the doldrums as “market players are taking a fence-sitting attitude” after the Golden Week holiday according to analysts at ChinaSteel. Iron ore prices have stabilised a few dollars either side of $120 per tonne. Yet […]

September 29, 2023

The standards, ‘Marine Methanol Fuel Waterborne Refuelling Regulations’ and ‘Marine Methanol Fuel,’ were initiated by China Marine Bunker (CHIMBUSCO), a shipping service company under COSCO Shipping. COSCO noted that apart from the release of the new standards, China Classification Society […]

September 5, 2023

Сhina’s iron ore imports have increased so far in 2023, helping sustain dry bulk market rates. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In […]

June 29, 2023

A strong Chinese economy creates a virtuous cycle for ocean shipping. The manufacture of goods fills container ships and car carriers on the way out, and directly or indirectly drives demand for bulk commodities that fill bulkers and tankers on […]

March 28, 2023

Seven months after President Joe Biden signed the Inflation Reduction Act into law, the magnitude of the challenge it will be for the U.S. to loosen China’s grip on the electric vehicle supply chain — a key objective of the […]

January 12, 2023

According to the Chinese media reports, the Beihai Rescue Bureau of the Ministry of Transport received a notification from the Shandong Provincial Maritime Search and Rescue Center that an explosion occurred on an empty oil tanker in the Rizhao sea […]

December 23, 2022

Ships are backing up along the Chinese coastline as soaring cases of covid take out port staff. With China easing its strict zero-covid policies this month, hundreds of thousands of citizens have been struck down by the illness. Beijing continues […]

November 23, 2022

Daily ocean container departures from China to all ports globally have taken another step down, according to data in FreightWaves SONAR Container Atlas, falling to minus-22% year over year on Wednesday. Ocean container departures from China mounted a recovery following […]

August 16, 2022

It wasn’t just container shipping that raked in the cash last year. Dry bulk shipping enjoyed its best year in a decade. This year is different. Container shipping spot rates have fallen, but contract rates are up, supporting average rates. […]

July 27, 2022

Sen. Marco Rubio (R-Fla.) wants the U.S. to sanction China’s purchases of oil and other energy supplies from Russia in an effort to cut off funding for that country’s war against Ukraine. China’s imports of Russian crude have surged this […]

June 8, 2022

China’s shipping industry is bracing for an uptick in demand and freight costs as manufacturing activity in Shanghai roars back to life after the city’s return to normal starting June 1, the South China Morning Post reported. Although the Port […]

January 10, 2022

Import and export operations in Tianjin are slowing after a small cluster of COVID cases was discovered over the weekend, according to third-party logistics providers in China. Meanwhile, in Shenzhen, authorities are blaming a contaminated import shipment infecting a cargo […]

December 28, 2021

Tesla Inc. is in a strong position heading into 2022, with catalysts including robust Chinese demand and new factory openings in the U.S. and Germany, according to Wedbush. Shares in the electric vehicle maker could gain nearly 30% over the […]

October 28, 2021

“Cost of shipping between the U.S. and China plunges” blared a headline in early October, citing a reported halving of rates in a matter of days. Was this the beginning of the end of sky-high trans-Pacific shipping costs, the onset […]

October 19, 2021

Airbus plans to open by year’s end a production line in the U.S. for converting used A321 passenger jets into freighters as part of an expansion strategy that will triple output by 2024 for the narrowbody aircraft and the larger […]