ShippingWatch

The Silk Road could hold opportunities for shipping

Drastic times call for drastic measures as well as the need for alternative solutions to keep business afloat. For the portion of the shipping industry which is located in Asia, China's revival of the classic "Silk Road" could be one of these solutions.

Photo: POLFOTO/AP/Eugene Hoshiko

SINGAPORE

Although this is the year 2016, one way out of the crisis in the shipping industry could be found in a network more than 2,000 years old. In recent years, China has been reviving the Silk Road under the name "One Belt, One Road," and this is an opportunity that the shipping industry should seize, note analysts.

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