Tag: China

Following the Phase 1 trade deal with China, U.S. President Donald Trump announced that will shift his attention to Europe, post-Brexit Britain and India. Namely, Trump informed that will force new tariffs, shaking up relations with the above-mentioned major U.S. trading partners.

The outbreak of coronavirus has been at the centre of discussions as it has already led to a number of fatalities, while the shipping industry and stakeholders have issued advises and steps to be taken so that seafarers are protected.

According to BIMCO, the crude oil exports in Brazil hit a record for December 2019, marking a total amount of 8.7 million tonnes of crude oil exported. With China pushing Brazil to product more crude oil, country's annual export volumes increased by 5% in comparison to 2018.

During an interview with CNBC, Maersk's CEO, Soren Skou, provided his thoughts on the US-China trade war, and the recently-signed Phase 1 deal. He also commented on the slowed trade, as well as the problematic situation at the Strait of Hormuz.

Chinese oil refiners are not very possible to advance their output of cleaner marine fuels until at least Q2 of 2020, due to the fact that they must upgrade their facilities, even after the government granted tax waivers to enhance output.

Gwadar port in Pakistan has started handling cargo bound for Afghanistan. This is considered as a positive development for the China-Pakistan Economic Corridor, however experts believe that the economic sustainability of the port is far from certain.

The newly identified Coronavirus has made world headlines, as it is suspected to have caused the death of nine people and over 400 have been diagnosed with the illness. If the prevalence of the virus increases, Steamship notes that the shipping industry should first and foremost look after the health of crew members, but it can also face reporting and quarantine measures to guard against the spread of the disease, as well as issues in terms of charterparties.

Reuters reports that China has approved a long-awaited tax waiver on exports of cleaner ship fuel, helping refiners to boost output. Yet, Beijing may initially limit shipments with the aim to focus on growing its coastal marine fuel market.

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).

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.