China’s port operator Hutchison Ports inked a memorandum of understanding (MoU) with Egypt regarding the establishment of a container terminal in Egypt’s port of Abu Qir, Alexandria. The MoU was signed during a meeting in Cairo, Tuesday.
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.
Following the tensions in the Strait of Hormuz, US proposed on a maritime coalition to assist vessels transferring oil. Reuters reports that China is considering entering the coalition concerning ‘Gulf escort arrangements.’
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.
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.
According to the Taiwanese Coast Guard, a Taiwanese cargo vessel collided with a Chinese navy ship off Kinmen on Wednesday, causing minor damage to both ships. The Taiwanese vessel was damaged, but there were no injuries reported.
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.
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.
Donald Trump informed that US will start, on September 1st, putting an additional tariff of 10% on the remaining 300 billion Dollars of goods and products coming from China into the US. This does not include the 250 billion dollars already tariffed at 25%.
Fisheries-related conventions are key tools used by flag, coastal and port States to monitor and control fishing vessels and limit the risk of illegal, unreported and unregulated fishing activities, by enhancing transparency, traceability and governance.
