Large national Chinese companies have bought more shares in European ports over the past ten years and now own capacity corresponding to 10 percent of all European container capacity, according to a review from OECD.
A new waste policy in China could mean that in the near future the country might reject up to five million containers of waste material. This could impact those carriers which have traditionally sailed waste to China, reports Drewry.
The Chinese government's efforts to reduce pollution in the world's most populous country are good news for gas carriers. In 2017, China's LNG imports grew by 50 percent, and demand could continue this year, projects JP Morgan.
Cosco and China Shipping will be the world's largest terminal operator in a few years after their merger. This year, China's billion-dollar investments in the Belt and Road have highlighted the country's power and competitors should take note, writes law firm.
Shanghai's container port, which ranks among the largest worldwide, has now opened the world's largest automated container terminal. The terminal will, in time, be able to handle 6.3 million teu, report several media.
A new silk road. This is how the companies and countries behind a new train link from Finland to China describe the new transport route. Sending containers on the new train will be three times faster than on a ship.
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.
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.
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.
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.