Taiwan adds two ports for China trade

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

The port, previously a coal and ore terminal, has been transformed into a fully automated container terminal.

Four seafarers from the sunken cargo ship Fu Shun remain missing off Taiwan’s coast after Typhoon Gaemi, with the captain’s body found.