China pushing new Silk Road to Europe

In H1 2024, Rotterdam remained Europe’s largest container port with 2.2% growth, while Antwerp-Bruges stayed second, amid volatile port growth trends.

The Port of Rotterdam has announced that a power outage affecting the Brielle to Hoek van Holland area has not yet disrupted shipping operation.

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.

The New Silk Road, popularly known as part of China’s Belt and Road Initiative, is helping world trade avoid world trouble spots, including overland alternatives to hazardous maritime routes