According to an article published in Freight Investor Services, Dalian Commodities Exchange (DCE) ended the week on high with a late uptick seen in the afternoon session.
Increase in...
USS Wasp (LHD-1) at the Port of Brisbane, Army Maj. Gen. Roger Noble, deputy chief of Joint Operations (left) and Rear Adm. Fred Kacher, commander, Expeditionary Strike Group 7 (right) begin the closing ceremony for Exercise Talisman Sabre on July 27, 2019. US Army Photo
No country, including the United States, is capable of going it alone, trying to meet the economic and military challenges of the Indo-Pacific region, said Australia’s defense minister.
“Deterrence is a shared responsibility,”...
Greece and China have opened a new era by transforming their relationship into an even more dynamic and mutually beneficial cultural and economic partnership, Greek Prime Minister Kyriakos Mitsotakis told Xinhua here in a recent written interview.
“The cornerstone of the relationship between our two countries can be summarized in two words: mutual respect,” the Greek leader said, adding that the two countries have enjoyed a harmonious and friendly relationship since the very beginning of the...
https://container-news.com/greece-china-new-era-dynamic-cultural-economic-partnership/
Chinese Suntien Green Energy Co. Ltd, a wind power producer and piped gas distributor, plans to develop a $1 billion liquefied natural gas (LNG) receiving terminal in north China by end-2022, after its investment plans won state approval, Reuters reports.
The company, supported by the Hebei provincial government, will follow other Chinese companies that aim to operate and own a receiving facility for the super-chilled fuel, of which China is the world’s second-largest buyer.
During a Hong Kong...
https://safety4sea.com/chinese-wind-power-company-to-construct-1b-lng-terminal/
Allen Leatt
IMCA to give opening address at the International Underwater Operations & Offshore Industry EXPO 2019 China
The International Marine Contractor’s Association’s (IMCA) Chief Executive Officer, Allen Leatt will address the opening ceremony of the fourth International Underwater Operations & Offshore Industry Expo and participate in the sixth International Diving & Salvage and Marine Engineering Technology Forum in November.
UO Expo 2019, organised by the China Diving & Salvage...
According to an article published in Reuters, South Korea’s top refiner SK Energy chartered a supertanker to ship U.S. crude to South Korea for a record $10 million.
Increase in freight ratesAs freight rates continue to surge after U.S. sanctions on Chinese firms, SK Energy has chartered a supertanker to ship U.S. crude to South Korea for $10 million.
The company fixed the Very Large Crude Carrier (VLCC) Maxim to load between November 8-12, three shipping sources said. It was the highest-priced...
http://mfame.guru/sk-energy-charters-supertanker-for-record-10-million/
The vessel is now on schedule to start operating on the Dublin to Holyhead route in early 2020.
https://worldmaritimenews.com/archives/285565/stena-estrid-wraps-up-sea-trials-in-chinas-yellow-sea/
U.S. Marines with Combat Logistics Battalion (CLB) 8, Combat Logistics Regiment 2, 2nd Marine Logistics Group, carry simulated casualties to a MV-22 Osprey during motorized operations course as part Integrated Training Exercise (ITX) 1-20 on Marine Corps Air Ground Combat Center Twentynine Palms, Calif., Oct. 6, 2019. US Marine Corps Photo
The Navy and the Marine Corps have been assessed as “marginal” in their ability to meet the challenges from rival powers in Beijing and Moscow, as well as...
By Ann Koh and Serene Cheong (Bloomberg) –The trade war and China’s economic shift made 2018 a tough year for global shipping and will continue to reverberate through the industry, according to the United Nations Conference on Trade and Development. Maritime shipping volumes grew just 2.7% to 11...
In September, 201,273 TEUs of containers were directly traded between Taiwan and China, decreasing 8.4% year on year from 219,731 TEUs, the former’s Ministry of Transportation and Communications (MOTC) unveiled on Oct. 25. In the first nine months (January-September), a total of 1,833,242 TEUs were transported between the economies, down 2.82% from 1,886,450 TEUs.
Looking at container volumes shipped out of major ports in Taiwan, Kaohsiung was responsible for 900,909 TEUs, down 7.99%; Keelung,...
https://container-news.com/cross-strait-box-traffic-falls-in-jan-sept/