China

Chinese ship that collided with Taiwanese vessel remains unidentified

The Taiwanese Coast Guard investigated the incident concerning a Taiwanese cargo vessel that collided with a Chinese navy ship off Kinmen. Fu Shih-hour, the cargo ship’s captain, stated to Bloomberg that the Chinese vessel tried to persuade him sail to the mainland port of Xiamen.

Shanghai to set up cruise demonstration zone

Shanghai will establish a demonstration zone for cruise tourism, approved by China’s Ministry of Culture and Tourism, the municipal authorities said Tuesday. This comes in line with the city’s plans to set itself as a hub for cruise tourism. 

US – China trade war affects intermodal container activity

According to Intermodal Association of North America (IANA), its activity was weak during the second quarter of 2019. IANA’s estimate concerning the intermodal container activity highlights the deepening of the freight recession that railroads and trucking companies saw in the 2019 second quarter.

China purchases US soybeans for first time since June

Reuters reports that the US Department of Agriculture informed of private sales to Chine of 68,000 tonnes of soybeans for the 2019/20 marketing year, the first such purchase by a private buyer since the trade war the US and China commenced more than a year ago.

Shipyards mergers in South Korea, China to control global shipbuilding

The two major mergers of South Korean Hyundai Heavy Industries Co. and DSME, and Chinese shipyards China Shipbuilding Industry Corp. and China State Shipbuilding Corp., are expected to control nearly half of the global shipbuilding market, forging a new reality for the global shipping industry.

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