China

World’s first electric ship now sailing in China

El primer barco totalmente eléctrico.

China has launched its first all-electric cargo ship. The 230-foot-long ship runs a mere eight miles per hour, but the vessel has zero emissions of waste gas pollutants. The irony, however, is that the ship is going to haul coal, more than 2,000 tons worth, in the inland section of the Pearl River.

The all-electric ship is powered with enough lithium batteries to power 40 cars—a battery capacity of 2,400 kilowatt hours. After two hours […]

Foreign trade grows in China during January

Despite the good results in the first month of the year, the opinions are measured from the Chinese government. Wang Dongtang, deputy director general of the Ministry of Commerce Foreign Trade Department, told Xinhua that “uncertain and unstable factors are increasing. The difficulties facing China’s foreign trade are not short term.”

For Wang, the increase in commercial protectionism (mainly from the United States), weak foreign demand and domestic production higher costs are potential constraints to […]

Latin America seeks Chinese investment

Ceremonia de apertura del VII Foro Internacional de Inversión en Infraestructuras y Construcción.

In the Chinese city of Macao the VII International Investment Forum on Infrastructure and Construction was held, which was attended by Latin American leaders to present potential business opportunities in their countries to Chinese investors.

The Minister of Transport and Public Works of Costa Rica, Carlos Villalta: the Planning and Development Minister of Bolivia, René Orellana: the Deputy Minister of Foreign Affairs of Uruguay, José Luis Cancela, participated in a display panel project, on sectors […]

Australia and China sign free trade agreement

Australia y China firman un tratado de libre comercio

Australia and China signed a free trade agreement after more than ten years of negotiations. Its aim is to boost growth and job creation by reducing tariffs in various sectors.

The trade ministers of Australia, Andrew Robb, and China, GAO Hucheng, signed the treaty in Canberra. Beijing has called it the most liberal it has negotiated. Robb emphasized that the agreement will open the Chinese market to Australian investment in primary sector products and services.

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Maritime link forges trade between Panama and China

China es el más importante proveedor de mercancías de la Zona Libre

China has become the second largest customer of the Panama Canal, opening the gateway to the Asian market for Panamanian products.

Trade between China and Panama is 99% in favor of Chinese sales in the Panamanian market, while Panama’s exports total about $40 million, said Wang Jian, deputy representative of the Office of Business Development of China in Panama, speaking to Elpais.com.

Panama has no diplomatic relations with China and remains a strategic partner of […]

Big shipping group alliance under observation

La alianza propuesta por Maersk Line de Dinamarca, Mediterranean Shipping Company de Suiza y la francesa CMA GGM Group, están a la espera de la aprobación de las autoridades internacionales

International regulators are concerned

The maritime regulators of the United States, China and the European Commission met in Washington to discuss and consider the progress of the P3 Alliance, the proposed expansion of the G6 and the possible consequences on international trade.

The alliance between the major lines, coming as a result of declining demand and falling freight rates, may cause a significant impact on the transport of containerized goods.

A special meeting organized by […]

Maersk makes a jump from China to Chile

The Maersk Line subsidiary, MCI, has again surprised the shipping industry by setting up its second reefer box factory outside China When it opens in December, Maersk Container Industry (MCI) San Antonio will be the first factory outside China producing insulated reefer containers. Currently, the insulated container producers – CIMC, MCI and Singamas – all have their production facilities in China. MCI San Antonio will also be the first reefer container factory in South America, […]