China has switched from driving global demand for major commodities to being a drag on growth, with July's customs data confirming the weakening trend for imports of crude oil, iron ore and copper.The exception to the trend was coal, but the sharp gain in July's imports of the polluting fuel are more a result of China having to go the seaborne market because of domestic policies that curbed
Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.The acceleration in Delta-variant COVID-19 outbreaks in several counties has slowed global container turnaround rates.
“The United States military flies, sails, and operates anywhere international law allows.”The 1982 Law of the Sea Convention recognizes the rights and freedoms of all nations to engage in traditional uses of the sea. According to the Department of Defense 2020 Annual Freedom of Navigation Report to Congress
The Port of Los Angeles hit a new volume record in June as U.S. businesses race to replenish stocks and build inventories for the back-to-school, Christmas and other holiday shopping seasons.Total volume at the Port of Los Angeles hit 876,430 20-foot equivalent units (TEU) in June, up 27% versus the year earlier, port authorities said.
Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019. In total 292.7m tonnes have been processed so far this year according to the National Bureau of Statistics China.Despite the 12.
Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019.More than 150 coronavirus cases have been reported in Guangdong province, a key manufacturing and exporting hub in southern China, since the latest wave of cases struck in late May
Three Chinese vessels, one with a manned submersible capable of descending to 10,000 meters (32,800 ft), have arrived in Indonesian waters to help retrieve a submarine that sank and broke apart last month, killing 53 on board, an official said.Indonesian navy officials and experts have acknowledged how difficult the salvage operation will be to recover the Nanggala-402 submarine lying on the sea
Oslo-listed Offshore Heavy Transport has said it has recently experienced an uptick in demand for the transportation of offshore wind equipment to China."OHT’s fleet of semi-submersible heavy transportation vessels have been busy transporting offshore wind equipment to China, supporting the huge surge in development of offshore wind farms in the fast-growing market.
China will construct a “Polar Silk Road” and actively participate in the development of Arctic and Antarctic regions, it said in its new 2021-2025 “five-year plan” published on Friday.The plan said China would “participate in pragmatic cooperation in the North Pole” and “raise its ability to participate in the protection and utilization of the South Pole”.
China passed a law on Friday that for the first time explicitly allows its coast guard to fire on foreign vessels, a move that could make the contested waters around China more choppy.China has maritime sovereignty disputes with Japan in the East China Sea and with several Southeast Asian countries in the South China Sea.
Is neo-colonialism in the Gulf of Guinea the answer to West Africa’s maritime crime crisis?In October 2020, China’s transport ministry established an ad hoc workgroup to lay down precautionary measures for ships and seafarers passing through high piracy risk West African waters.The move came as China told its vessels to up vigilance and implement a series of precautionary measures to ensure the
Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA).Chinese state companies China National Petroleum Corp (CNPC) and PetroChina - long among PDVSA's top customers - stopped loading crude and fuel at