Pacific Commander Davidson Asks Congress to Fund ‘Regain the Advantage’ Plan Aimed at China

Pacific Commander Davidson Asks Congress to Fund ‘Regain the Advantage’ Plan Aimed at China

Adm. Phil Davidson participates in an honors ceremony at the Pukeahu National War Memorial Park in New Zealand in 2018. US Navy Photo

The head of U.S. forces in the Pacific has asked Congress to support several new initiatives to increase American military power in the region beyond what has been set aside in the Fiscal Year 2020 budget request, according to a March 22 letter obtained by USNI News.

U.S. Indo-Pacific Command commander Adm. Phil Davidson asked for support for new capabilities that...

https://news.usni.org/2019/04/18/pacific-commander-davidson-asks-congress-to-fund-regain-the-advantage-plan-aimed-at-china

Port of Riga, Port of Qingdao sign partnership agreement

Last week, the Ministry of Transport of Latvia and companies from the transport sector took part in the China International Logistics Week in Xi’an. One of the most important events was the International Logistics Exhibition ‘China Western International Logistics Expo 2019, during which the Freeport of Riga signed a cooperation agreement with the Port of Qingdao in China.

The target of signing the cooperation agreement is to enable the partnership between the two ports in trading, logistics and...

https://safety4sea.com/port-of-riga-port-of-qingdao-sign-partnership-agreement/

German seaports increase the volume of cargo in 2018

German seaports handled 304.7 million tons of seaborne goods during 2018. This is an increase of 1.7%, in comparison to 2017, as the German Federal Statistical Office (Destatis) announced in the beginning of this week.

In addition, the number of goods which German seaports received from other ports rose by 2%. Moreover, the shipping of goods from German seaports over the world’s oceans grew slightly by 1.8%.

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As Destatis informed, the number of containers...

https://safety4sea.com/german-seaports-increase-the-volume-of-cargo-in-2018/

Switzerland to join BRI project

Switzerland will sign an accord backing China’s Belt and Road Initiative when President Ueli Maurer visits China this month, cementing ties with a major trading partner as other Western countries view the gargantuan project with scepticism.

President Xi Jinping’s new Silk Road initiative has been controversial particularly in Washington, which views it as a way to spread Chinese influence abroad and saddle countries with unsustainable debt, a charge Beijing rejects.

Locked in a trade war with...

https://container-news.com/switzerland-join-bri-project/

Chinese iron ore is close to the end, Bimco says

Chinese iron ore is close to the end, Bimco says
BIMCO’s Chief Shipping Analyst, Peter Sand, launched the analysis ‘It’s the steel production, stupid!’, announcing the end of China iron ore cape run. The analysis focuses on the fact that Chinese imports of iron ore are continuously decreasing, whereas the nation’s crude steel production keeps growing.

Specifically, Peter Sand noted that

China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry.

Additionally, the Chinese...

https://safety4sea.com/chinese-iron-ore-is-close-to-the-end-bimco-says/

China must further reform to ensure a sustainable growth, report says

China must further reform to ensure a sustainable growth, report says
The Chinese economy is still slowing down as it rebalances, with headwinds including trade frictions and a weak global economy undermining exports and creating new uncertainties. Policy should highlight long-term strategies to advance the economy towards improving economic efficiency and ensuring that future growth is sustainable, greener and more inclusive, a new report from the OECD says.

The latest OECD Economic Survey of China analyzes the factors behind the economic slowdown as well as...

https://safety4sea.com/china-must-further-reform-to-ensure-a-sustainable-growth-report-says/

Switzerland to support China’s Belt and Road initiative

Switzerland will support China’s Belt and Road Initiative (BRI) as President Ueli Maurer visits China during April. This will ensure ties with a major trading partner as other Western countries view the gigantic project with scepticism.

Switzerland considers BRI as a way to support economic development, especially in central Asia, Reuters reports. The agreement is expected to be finalized this month, as President Xi Jinping has Mr. Maurer to visit China on April 28 and 29. Swiss business and...

https://safety4sea.com/switzerland-to-support-chinas-belt-and-road-initiative/

Belt and Road delivers crucial capital, US-China trade relationship roundtable

Belt and Road delivers crucial capital, US-China trade relationship roundtable

Commentary: Belt and Road delivers crucial capital

By Yaseen Anwar in Singapore

China’s Belt and Road initiative provides access to capital for connected emerging markets that have not had the necessary investment grade ratings to tap international bond markets. Infrastructure, the core of Belt and Road funding, is and has been the engine of growth for most economies. But these emerging markets have never had the...

https://www.allaboutshipping.co.uk/2019/04/16/belt-and-road-delivers-crucial-capital-us-china-trade-relationship-roundtable/