News on China.

Three new Chinese yards discussing merger

Another three shipbuilders in China are in talks to merge, reports news outlet. This happens after two of the country's biggest yards have similarly announced plans to merge.

China's two biggest shipbuilders to merge

The two largest shipyards in China are working on a merger, which will create one of the biggest shipyards in the world. The companies inform, however, that several details still need to be ironed out before an actual merger can take place.

US and China enter trade truce

Saturday, the US and China agreed to restart negotiations of a trade deal. US President Donald Trump furthermore promised not to introduce new tariffs right now.

Huge Chinese ambitions threaten Europe's shipping sector

China has several projects in the works aimed at helping the country's shipbuilding and shipping sector. "I don't think that in the shipowners community there is a full understanding of the impact of the Chinese policy yet," says Sea Europe's Secretary General in an interview with ShippingWatch.

WTO lowers its global growth forecast significantly

The WTO has once again lowered its expectations for global growth. Next week the IMF will present its projections, which the IMF head indicates will also be lower. New customs tariffs between the US and China as well as uncertainty surrounding Brexit are key factors.

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