Zim joins box building ranks

COSCO SHIPPING Ports has acquired 12.5% and 30% stakes in Thai Laemchabang Terminal and Hutchison Laemchabang Terminal for US$ 110m.

EU Member States have voted to impose tariffs on Chinese battery electric vehicles (BEVs) as talks with Beijing continue.

Under new rules from the US Trade Representative, ship-to-shore cranes ordered before May 14, 2024, and arriving by May 14, 2026, will avoid a 25% tariff on imports from China.

Government imposes 100% tariff on EVs and 25% tariff on some steel products from China.

Kazakhstan is developing a new trade route from China to Russia via the Irtysh River, with a port and railway planned, aiming for completion by 2026.

Under China’s new subsidy scheme, shipowners can receive financial support for scrapping vessels aged between 15-30 years depending on the vessel type, as well as investing in alternative vessel propulsion.