- China seeks “historic” cooperation in Arctic sea routes as part of Belt and Road Initiative A White Paper just released has declared it official Chinese policy to develop a ‘Polar Silk Road’, and seeks international cooperation to open up Arctic sea lanes. Furthermore, in a clear statement of national overarching transportation strategy, China is ready to join with interested parties to “advance Arctic-related cooperation under the Belt and Road Initiative.” […]
- Panama Canal new toll prices encourage back haul voyages over Suez The Panama Canal Authority (ACP) has finally agreed to its new pricing structure, and the large Neopanamax container ships are to be rewarded with cheaper return voyages. Although it is currently unclear how the new pricing structure will alter the utilisation of global trade routes across the oceans, there is little doubt that the Panama […]
- American ports see record volumes as Panama Canal widening approaches first anniversary Ports across the southern US are reporting record trade volume growth of more than 10 per cent as the benefits of the huge Panama Canal widening project start to bear fruit almost one year on from its official opening. Furthermore, the recommendations from ongoing discussions on changes to the Canal’s toll structure will be released […]
