China

China and Myanmar to develop new deep-sea port

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).

Coronavirus outbreak in China

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.

Sino-Hellenic Investors’ Confederation officially launched

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.

Oil stable as economic growth in China raises concerns

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.

China publishes guidelines to ensure sulphur cap implementation

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.

EU antitrust policy could benefit China and the US, Maersk CEO warns

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: World’s busiest container port for 2019

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.

Watch: US, China sign phase 1 trade deal

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.

IGPI issues its Annual Review

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.

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