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China

News on China.

Bulk recovery faster and stronger than expected

Growth in the dry bulk market is surprisingly strong and driven by Chinese appetite for iron ore as well as the large Capesize vessels, assesses JP Morgan ahead of the release of many third quarter reports.

SeaIntel projects massive overcapacity

The container market is behaving significantly different than usual this year in relation to China's Golden Week. There are far fewer blank sailings than usual, and rates have plunged since this summer.

Rumors of Chinese yard merger intensify

Speculation about whether China's two largest yard groups will merge have gained strength after two subsidiaries under China State Shipbuilding Corp stopped trading on the stock exchange.

China's behemoths boost the country's maritime vision

China's escalating acquisition of ports and carriers is a sign of its commitment to its political vision of becoming a maritime superpower, prompting concern among European carriers, which have allegedly called for political attention to the matter – both nationally and within the EU. Next week's meeting of the Box Club will no doubt also revolve around the issue.

China tightens sulfur regulations in more ports

Chinese authorities have designated more ports as being in special zones where ships are required to use low sulfur fuel, and the country weighs tightening the sulfur emission limits even further starting in 2018, reports Seatrade Global.

Cosco to invest a billion dollars in tankers

Cosco's tanker division plans to expand its fleet with investments totaling USD 1 billion, reports Tradewinds. The investments will concern vessels set for delivery between 2019 and 2020.

Cosco to launch large shipping investment fund

Cosco Shipping Group plans to launch a large financing fund for targeted investments in shipping. The fund will be split into a yuan fund and a dollar fund and will focus on, among other things, struggling companies.

New giant Chinese city could boost dry bulk imports

Chinese plans for a brand new megacity spells good news for bulk carriers which transport iron ore, aluminum, and copper. In a new analysis, Wood Mackenzie projects a surge in demand for metals for construction.

Analysts: China not likely to be lifeline for dry bulk

Dry bulk carriers should not pin their hopes on the current boom in China's economy. Stimuli from fiscal policy were the drivers of increased demand and now it seems the country's government will try and slow down the housing market, two analysts tell ShippingWatch.

Clarksons Platou more optimistic about dry bulk

Clarksons Platou expects more stable rates and gradually growing confidence in the dry bulk market. The firm thus says 'buy' to dry bulk shares rather than viewing the shares as candidates for selling.

China sets lowest growth target since 1990

China's political leadership is guiding the country's economy onto a new, slower track. The goal is for domestic consumption to play a bigger part in the economy, whereas growth was previously based on export and investment.

China fines 14 carriers for illegal price practice

Several container carriers have received penalties in China for failing to provide correct information about their freight rates to the Chinese ministry of transports. The carriers fined include CMA CGM and Hamburg Süd. But the size of the fine is fairly modest.

China invests big-time in new Angolan port

A new port in Angola in West Africa is financed by a major Chinese loan and being built by a Chinese company. The first phase is expected done in late 2017 and will feature a repair yard and a free trade zone.

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