In fact, a new deep-sea port will constitute the core of a new economic partnership between China and Myanmar after the two countries reach a series of infrastructure deals as part of the Belt and Road Initiative (BRI).
In fact, a new strain of coronavirus, which causes a type of pneumonia, was first detected in December 2019 in the central city of Wuhan. Although confirmed cases are concentrated in Wuhan, the outbreak is understood to have spread to Beijing, Shanghai and Shenzhen as well in Japan, Thailand and South Korea.
On Saturday 18 January, a new organization named as “Sino-Hellenic Investors’ Confederation” made its official launching ceremony. Specifically, the confederation goals to facilitate Chinese investors in Greece, while give a boost to both countries’ cooperation.
Reuters reports that oil prices hit high on Friday, January 17, but were little changed during the week as the sluggish economic growth in the world’s biggest crude importer, China, raised concerns over fuel demand and countered optimism from the signing of the China-U.S. trade deal.
The Maritime Safety Agency in China has recently issued Guidelines for Supervision and Management of Air Pollutant Emissions, aiming to standardize the implementation of the January 1, 2020 sulphur cap. The Guidelines define inspection procedures in regard to fuel oil in use on ships, and provisions for alternative measures.
Maersk CEO Soren Skou warned that strict EU enforcement of competition rules prevents the development of the global champions, that are necessary to compete with Chinese and US companies. As he explained, with that way Europe risks being outperformed by a Chinese company.
Port of Shanghai marked another high record container throughput during 2019, handling 43.3 million TEUs. Namely, the port noted a 3% increase in its cargo throughput, in comparison with the 42.01 million TEUs of 2018. This is the 10th year in a row that the port maintains its top position as the busiest container port in the world.
President Donald Trump signed a partial trade deal with China on January 15, in attempt from the world’s two largest economies to contain an economic struggle. According to the deal, the Trump administration aspires to address American concerns over Chinese trade abuses.
The International Group of P&I Clubs has published its Annual Review which provides an overview of the Group, key activities and areas of engagement.
A massive explosion took place at a petrochemical plant in Zhuhai, China, on January 14. After the explosion a massive fireball surrounded the petrochemical plant.
