Jack Ma Makes A Sudden Appearance For The First Time In 3 Months

Jack Ma resurfaced for the first time since China’s government began clamping down on his business empire nearly three months ago, appearing in a live-streamed video that sent Alibaba Group Holding Ltd.’s stock soaring but left plenty of unanswered questions about the billionaire’s fate, reports Bloomberg Quint.

Focusing on philanthropy

Ma spoke briefly on Wednesday during an annual event he hosts to recognize rural teachers. In one video of the event circulated online, China’s most famous...

https://mfame.guru/jack-ma-makes-a-sudden-appearance-for-the-first-time-in-3-months/

Marine Corps to Stand Up First Marine Littoral Regiment in FY 2022

U.S. Marines with 1st Battalion, 2nd Marine Regiment, currently attached to 4th Marine Regiment, 3d Marine Division, demonstrate expeditionary advanced basing capabilities Oct. 7 to 8, 2020, as part of Exercise Noble Fury, from Okinawa to Ie Shima and across surrounding waters. US Marine Corps Photo

The Marine Corps plans to officially form the new unit designed to execute its island-hopping strategy in the Indo-Pacific next fiscal year, according to a service spokesman.

Marine Corps Commandant...

https://news.usni.org/2021/01/20/marine-corps-to-stand-up-first-marine-littoral-regiment-in-fy-2022

China looks ready to step in again and put a cap on ocean freight rates

China’s Ministry for Commerce is again looking to step in to stabilise the container shipping market.
“Our ministry is in talks with the ministry of transport and other related departments to adopt measures to increase shipping capacity and stabilise freight rates,” said Li Xingqian, head of foreign trade, according to Lloyd’s List.
Media speculation indicates that shipping lines could be called to a series of meetings to discuss the container shortage and …

The post China looks ready to step in...

https://theloadstar.com/china-looks-ready-to-step-in-again-and-put-a-cap-on-ocean-freight-rates/

China Stranded Ship Reaches Japan With 23 Seafarers

MV Jag Anand, the Indian ship which was stranded at Chinese port of Jingtang has reached Japan on 18th January for crew change, reports news on air, the news bulletin of All India Radio. 

Stranded Seafarers Flying Back
  • Sufferings of 23 Indian crew members stuck on the ship since June last year have finally come to an end as all of them will fly back to India in the next 36 hours. 
  • Owner of the vessel, The Great Eastern Shipping Company Ltd. told Prasar Bharati that the first batch of roughly a...

https://mfame.guru/china-stranded-ship-reaches-japan-with-23-seafarers/

Chinese Shipbuilding Industry Emerged At The Top In 2020

China’s 2020 new shipbuilding orders exceeded those of South Korea and returned the country to the No.1 spot after two years, CCTV reported on Sunday, says an article published on Global Times.

Data From MIIT

According to data released by the Ministry of Industry and Information Technology (MIIT) on Friday, China’s three major indicators in the shipbuilding industry – completed ships, new orders and orders on hand – were all in leading positions worldwide in 2020 with 43.1 percent, 48.8 percent...

https://mfame.guru/chinese-shipbuilding-industry-emerged-at-the-top-in-2020/

SECDEF Nominee Austin Affirms Threat From China, Will ‘Update’ National Defense Strategy

Defense Secretary nominee Lloyd Austin responds to a question during his Senate Armed Forces Committee confirmation hearing in Washington, D.C., on Jan. 19, 2021. DoD Photo

President-elect Joe Biden’s nominee to lead the Defense Department plans to take another look at the National Defense Strategy should he be confirmed, he told lawmakers on Tuesday.

Testifying in front of the Senate Armed Services Committee as part of his nomination process, retired Army Gen. Lloyd Austin emphasized his focus...

https://news.usni.org/2021/01/19/secdef-nominee-austin-affirms-threat-from-china-will-update-national-defense-strategy

Theodore Roosevelt Strike Group CO: Interactions with Chinese Navy Not Changing Significantly

USS Theodore Roosevelt (CVN-71) transits the Pacific Ocean on Jan. 12, 2021. The Theodore Roosevelt Carrier Strike Group is on a scheduled deployment to the U.S. 7th Fleet area of operations. US Navy Photo

While the Chinese Navy is building up its fleet, it isn’t operating more aggressively toward U.S. ships in the region, according to the commander of a carrier strike group currently deployed to the Indo-Pacific.

Rear Adm. Doug Verissimo, who commands Carrier Strike Group 9, acknowledged the...

https://news.usni.org/2021/01/19/theodore-roosevelt-strike-group-co-interactions-with-chinese-navy-not-changing-significantly

China Regains Title Of World’s No.1 Shipbuilding Nation, As It Surpasses South Korea

View of ships under construction at a shipyard of Jiangnan Shipyard (Group) Co., Ltd., a subsidiary of China State Shipbuilding Corporation (CSSC), on Changxing Island in Shanghai, 3 June 2008. Chinas oldest shipbuilder, tJiangnan Shipyard (Group) Co., Ltd., completed the move to a new home on Tuesday (June 3) to make room for World Expo 2010. The shipbuilder moved from its Huangpu River site in Shanghai to Changxing Island on the mouth of the Yangtze River, which is set to become the worlds largest shipyard. Work on the 16-billion-yuan (2.3 billion US dollars) new shipyard started in 2005. It is the first phase of the Changxing shipbuilding base and has a production capacity of 4.5 million deadweight tons (DWT), with a 3.8-km coastline, four docks and three production lines.

China has made headlines all over the world last year because of the coronavirus outbreak but there is good news emanating from the country as well. The maritime industry witnessed one such good news today as China took over South Korea in terms of global shipbuilding orders.

China regained its previous title as the No.1 shipbuilder country in the world after a span of 2 years.

China Improves on All 3 Indicators

The Chinese Ministry of Industry and Information Technology, MIIT issued a statement...

https://www.marineinsight.com/shipping-news/china-regains-title-of-worlds-no-1-shipbuilding-nation-as-it-surpasses-south-korea/

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