Chinese-built Cosco vessel to help cut emissions as the battery-powered ship begins weekly service.

As the world’s ‘shipping mecca’, China is in a strong position to manufacture and install wind-assisted propulsion technology, says the CEO of a UK-based company that offers an automated sail system capable of slashing fuel use by up to 30 per cent.

Hong Kong’s largest shipping fuel supplier has achieved a first for China by refuelling an ocean-going vessel using a climate-friendly marine biofuel mix. It must continue its search for other affordable long-term alternatives, says a senior executive.

Warnings that Beijing, via Logink, could ‘gain access to and control massive amounts of sensitive’ data, including the commercial transport of US military cargo and critical market information.

Berlin had been reassessing whether to let the deal proceed amid security concerns over the sale of what has been classed as critical infrastructure.

Berlin is re-evaluating its economic relationship with Beijing amid concerns over human rights, ties with Russia and the escalation of tensions over Taiwan.

Hong Kong-based Global Shipping Business Network has the largest blockchain platform for collaboration in shipping and logistics after Maersk and IBM’s TradeLens closed.

Billionaire Li Ka-shing ’s conglomerate CK Hutchison counts businesses spanning ports, retail, infrastructure and telecommunications, with holdings in about 51 ports in 25 countries, its website shows.

Smart cities collaboration is on hold pending federal government’s new China policy and against background of ‘current relations’ between Beijing and Russia, spokesman for mayor’s office says.

An eight-member European delegation from the Inter-Parliamentary Alliance on China travelled to Taipei to discuss deeper economic and political ties with Taiwan.

Chancellor under pressure to take tougher line, while European allies fear trip will undermine efforts to talk to Beijing in ‘single voice’.

Cosco stakes in Belgium’s two largest shipping ports and one in Germany renew scrutiny of Chinese ownership of critical EU infrastructure.

Compromise decision by Olaf Scholz cabinet follows controversy at home exposing divisions on China policy and EU warnings on strong Beijing ties.

Berlin likely to allow Cosco take a smaller than planned 24.9-per cent stake in one of logistics firm HHLA’s three terminals in Germany’s largest port.

‘We must work hand in hand with partners across the supply chain to make sure we take the right steps towards decarbonising the entire production system,’ says chairman of Wah Kwong Maritime Transport Holdings.

For the second time in two weeks, a senior Chinese diplomat in the US speaks with members of the business and trade community about tensions with Washington.

Chinese and Russian purchases in particular can expect to face review and scrutiny under the EU’s investment screening mechanisms.

A global container shortage and congestion at ports around the world have driven shipping rates to sky-high levels, with a return to normal possibly extending into 2022.

The US wants Israeli-Arab support in countering Beijing’s influence over supply routes seen as a ‘matter of life and death’ for China’s economy, analysts say.

The impact is deemed as limited for the shipping lines based in the city and for the whole industry, according to analysts and Cosco.

The International Chamber of Shipping has been lobbying the United Nations to classify 2 million seafarers globally as ‘key’ or ‘essential’ workers

The coronavirus outbreak, which has sickened more than 75,000 people around the world and killed more than 2,200 patients, is adding to the woes of an industry that is already suffering from the year-long US-China trade war.

Treasury partially reverses punishment to tanker company for transporting Iranian oil after China raised issue in trade talks with Washington.

Data from shipping data provider Clarksons Research showed that the global order book for shipbuilders had fallen by 54 per cent by mid year.

For as long as they’re stuck there, effectively removed from the market, global freight rates are likely to remain supported. The impact of the sanctions was magnified by the fact that many customers avoided booking any Cosco vessels due to confusion over whether they would run afoul of the US.

The decision by Sinopec – China’s top refiner by capacity – comes at a time when Asian processors would typically be increasing run rates to cope with higher fuel demand from winter and holiday consumption.