LONDON, Oct 19 (Reuters) - British Prime Minister Theresa May stressed the importance of international maritime law in a meeting with Chinese Premier Li Keqiang on Friday, May's office said in a statement. "The Prime Minister reiterated the UK's firm commitment to the rules-based international system, including the importance of freedom of navigation and maritime security, … [Read more...]
Trade War So Far ‘Positive’ for Shipping Companies, But 2019 Looks Less Promising
By Sam Whelan, Asia Correspondent (The Loadstar) - The US-China trade war has seemed “positive” for transpacific shipping lines, so far, with importers rushing to beat tariff deadlines. But there is growing concern that a prolonged dispute would leave shippers with question marks on whether to reorganise their supply chains. APL chief executive Nicolas Sartini … [Read more...]
Iranian Supertanker Offloads Oil at Storage Facility in China Ahead of U.S. Sanctions
By Chen Aizhu and Meng Meng BEIJING, Oct 9 (Reuters) - A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday, according to Refinitiv Eikon data and a shipping agent with knowledge of the matter. Iran, the third-largest producer in the Organization of Petroleum Exporting Countries … [Read more...]
Qatar Said to See $40 Billion Income Gain From Gas Expansion
By Mohammed Aly Sergie (Bloomberg) -- Qatar will generate $40 billion in additional export revenue once it completes its natural gas expansion project in 2024, according to a person with direct knowledge of the matter. Rising income from sales of liquefied natural gas will leave the government with a budget surplus of about $44 billion in 2024, with the bulk of the … [Read more...]
Japanese Carrier Drills with British Warship Heading to Contested South China Sea
By Tim Kelly ABOARD THE KAGA, Indian Ocean, Sept 27 (Reuters) - Japan's biggest warship, the Kaga helicopter carrier, joined naval drills with Britain's HMS Argyll in the Indian Ocean on Wednesday as the frigate headed toward the contested South China Sea and East Asia. Britain, Japan and close ally the United States have found common cause in countering growing Chinese … [Read more...]