China

Report to Congress on Great Power Competition

The following is the Oct. 7, 2021 report, Renewed Great Power Competition: Implications for Defense—Issues for Congress.

From the report

The emergence of great power competition with China and Russia has profoundly changed the conversation about U.S. defense issues from what it was during the post-Cold War era: Counterterrorist operations and U.S. military operations in the Middle East—which were moved to the center of discussions of U.S. defense issues following the terrorist attacks of...

https://news.usni.org/2021/10/08/report-to-congress-on-great-power-competition

Interview: U.K. Royal Navy’s First Sea Lord Talks AUKUS, British Carriers in the Pacific

Chief of Maritime Staff Adm. Hiroshi Yamamura, left, First Sea Lord Adm. Tony Radakin, and Chief of Naval Operations (CNO) Adm. Mike Gilday sign a Trilateral Head of Navy Joint Statement aboard the Royal Navy aircraft carrier HMS Queen Elizabeth (R08), near Annapolis, Md., on Nov. 20, 2019. US Navy Photo

The U.K. Royal Navy has been at the forefront of London’s push to the Pacific and a key component of a growing network of navies operating together in Asia. First Sea Lord and Chief of the Naval...

https://news.usni.org/2021/10/07/interview-u-k-royal-navys-first-sea-lord-talks-aukus-british-carriers-in-the-pacific

Biden Administration Should Make Guam’s Defense Center of Indo-Pacific Strategy, Expert Says

USS Nimitz (CVN 68) enters Apra Harbor prior to mooring at Naval Base Guam for a scheduled port visit on June 24, 2020. US Navy Photo

The defense of Guam should be the centerpiece of the Biden administration’s focus on countering threats from China in the Indo-Pacific, an expert on missile defense said Wednesday.

“Make the main thing the main thing,” Thomas Karako, director of the missile defense project at the Center for Strategic and International Studies, said. He stressed the island’s...

https://news.usni.org/2021/10/07/biden-administration-should-make-guams-defense-center-of-indo-pacific-strategy-expert-says

Evergrande saga raises questions over global stability

Evergrande saga raises questions over global stability

Thursday 7 October 2021 – Vol.12 Ed.40.4

Commentary: Renminbi must depreciate following Evergrande fallout

By Freya Beamish in London

The collapse of Lehman Brothers helped trigger the global financial crisis. Evergrande is not a Lehman moment. But the web around Evergrande and other developers is complex, with holders of property assets peppered across the economy. Preventing distress from spreading will be difficult and decisive early action...

https://allaboutshipping.co.uk/2021/10/07/evergrande-saga-raises-questions-over-global-stability/

SECNAV: New Navy Strategic Guidance Emphasizes Deterrence in the Pacific

Secretary of the Navy Carlos Del Toro discusses his strategic guidelines with Naval Academy midshipmen during a Forrestal Lecture on Oct. 5. USNI News Photo

ANNAPOLIS, Md. — The Navy’s approach to China is to deter, not to fight a war, Secretary of the Navy Carlos Del Toro told Naval Academy midshipmen on Tuesday night.

Instead, the Navy needs to work with allies to help countries China threatens and ultimately show China that it has no maritime allies, which will, in turn, discourage Beijing...

https://news.usni.org/2021/10/06/secnav-new-navy-strategic-guidance-emphasizes-deterrence-in-the-pacific

OceanWaves: How to navigate the port congestion minefield

This fireside chat recap is from FreightWaves’ OceanWaves Summit.

TOPIC: Shipper strategies to counter congestion

DETAILS: A look at how importers can minimize import shipment delays and what the prospects are for future ocean freight pricing, given all-time-high anchorage levels. Also, how long could current peak conditions actually last?

SPEAKERS: Nerijus Poskus, vice president of global ocean, Flexport, and Greg Miller, senior editor, American Shipper and FreightWaves

BIO: Poskus leads long-term...

https://www.freightwaves.com/news/oceanwaves-how-to-navigate-the-port-congestion-minefield

OceanWaves: Los Angeles port boss lays out congestion-fighting plan

container shipping

This fireside chat recap is from FreightWaves’ OceanWaves Summit.

TOPIC: Port perspective on managing import surge

DETAILS: Ocean carrier arrivals are surging, while the capacity of rail, trucking and warehousing is limited. How can the Port of Los Angeles dig out with a record number of ships waiting at anchor? And how long could this last?

SPEAKERS: Gene Seroka, executive director, Port of Los Angeles, and Greg Miller, senior editor, American Shipper and FreightWaves

BIO: Seroka interacts with a...

https://www.freightwaves.com/news/oceanwaves-los-angeles-port-boss-lays-out-congestion-fighting-plan

Dry bulk shipping rates hit $80,000 per day as buyers scramble for coal

dry bulk shipping

Yet another sign of stress for energy supplies and global supply chains: Spot rates for large dry cargo ships just topped $80,000 per day for the first time since 2009, and freight derivatives for the fourth quarter — a period when rates for these vessels normally pull back — just spiked.

Not long ago, it was a different story. On Sept. 20, headlines were dominated by Chinese property developer Evergrande and its impending collapse; fallout to construction and steel demand would assumedly hit...

https://www.freightwaves.com/news/dry-bulk-shipping-rates-hit-80000-per-day-as-buyers-scramble-for-coal

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