China News

The U.S. Treasury Department imposed sanctions on more than 20 companies in a network that it said has long sent Iranian oil to China, days after negotiators from Iran and the United States concluded a fourth round of nuclear talks.The network facilitated the shipment of oil worth billions of dollars to China on behalf of Iran’s Armed Forces General Staff and its front company, Sepehr Energy, Treasury said. Washington designated Sepehr in 2023.The U.S. sanctioned companies including CCIC Singapore PTE…

Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S. sanctions.Independent refiners in China are the main buyers of seaborne oil shipments from countries sanctioned by the United States, with offshore Malaysia serving as a key trans-shipment hub for Venezuelan and Iranian crude.Since July 2024, however, traders have also rebranded Venezuelan oil as from Brazil.

The Philippines has deployed a coast guard vessel and an aircraft to challenge and escort a Chinese research ship it said was conducting illegal marine scientific research activities within the country's exclusive economic zone.The Chinese Research Vessel (CRV) Tan Suo 3 was detected entering the country's EEZ on May 1, 2025, around 92 nautical miles off the Philippines' northern Ilocos coast, the PCG said in a statement on Monday."Their irregular movements were deemed inconsistent with the freedom of navigation and indicative of marine scientific research activities, which violate the soverei

China's Guangzhou Port, the largest shipping hub in the country's south, opened a direct route to Chancay port in Peru on Tuesday, state broadcaster CCTV reported, a move it said would reduce logistics costs and bolster trade with Latin America.Located north of Lima, Chancay recently began operations with non-stop voyages to and from Asia, accommodating the largest vessels on South America's Pacific coast.The announcement comes as Beijing aims to further strengthen its relationship with resource rich Latin America amid trade tensions with the United States.On Tuesday, the 300 metre vessel COSC

China's Foreign Ministry said on Thursday (April 24) that its structure in disputed waters is a legitimate fishery breeding facility and compliant with both domestic and international law.The South Korean government had earlier expressed "deep concern" over China erecting a sea structure off the west coast of the Korean Peninsula, Seoul's foreign ministry said on Thursday.“China is willing to work with South Korea to continue to strengthen dialogue and communication and properly handle relevant issues,” said Guo Jiakun, China’s Foreign Ministry spokesperson during a briefing in China.The structure in a disputed area of the Yellow Sea, known in South Korea as the West Sea, has raised alarm bells in Seoul over concerns China could be seeking to stake claims in the Provisional Maritime Zone,

China's military said on Thursday that it had dispatched naval and air forces to monitor and warn a U.S. guided missile destroyer that sailed through the sensitive Taiwan Strait.The U.S. Navy, occasionally accompanied by ships from allied countries, transits the strait about once a month. China, which claims Taiwan as its own territory, says the strategic waterway belongs to it.China held its latest round of war games around Taiwan earlier this month, drawing condemnation from…

On April 17, 2025, the Office of the US Trade Representative (“USTR”) published a notice of action (the “USTR Notice”) implementing its port fee proposal, first announced on February 21, 2025. The rules differ substantially from the February proposal (summarized here). The calculation of the fees has changed to a net tonnage-based fee (or for certain vessels, based on containers discharged or Car Equivalent Units). Several points have been clarified. Specialized rules apply to LNG transportation and vehicle carriers, including fees and restrictions on non-Chinese vessels.

The Office of the United States Trade Representative (“USTR”) issued a detailed notice on April 17, 2025, regarding actions and proposed actions in response to China's alleged targeting of the maritime, logistics, and shipbuilding sectors for dominance. The measures, USTR argues, will “disincentivize the use of Chinese shipping and Chinese-built ships, thereby providing leverage on China to change its acts, policies, and practices, and send a critically needed demand signal for U.S.-built ships.” Below, we break down the key elements of the notice and their potential impacts.

Danish logistics specialist deugro and its partners Siemens Gamesa Renewable Energy A/S and Amasus Offshore B.V. are moving full steam ahead with the next generation of purpose-built transport vessels for the offshore wind sector. In a key milestone for offshore project logistics, the Rotra Futura was delivered on March 30, 2025, and just four days later, her sister ship Rotra Horizon was launched from Zhenjiang Shipyards in Jiangsu Province, China. The Rotra Horizon is slated for delivery in July 2025.The delivery and launch represent a significant expansion of the “Rotra concept…

Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.China's retaliation intensified the economic turmoil unleashed by Trump's tariffs, with markets tumbling further and foreign leaders puzzling how to respond to the biggest disruption to the world trade order in decades."Recession risk is much…

U.S. President Donald Trump has signed an executive order aimed at ‘restoring American maritime dominance’ through the revival of domestic shipbuilding industry and weakening China’s grasp on the global shipping market.The Order directs the creation of a Maritime Action Plan (MAP) to revitalize U.S. maritime industries, which will provide a strategy with specific actions to restore and create sustained resiliency for the American maritime industry.Up until now, government procurement processes and over-regulation have hindered private industry’s ability to build vessels on time and on budget…

President Donald Trump's administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devastating, according to six sources.Among the changes under consideration are delayed implementation and new fee structures designed to reduce the overall cost to visiting Chinese vessels, according to the six sources with knowledge of the matter.The sources asked not to be named due to the sensitivity of the issue.The White House and the Office of the U.S.

Average container freight rates for Chinese exports have dropped 28% since the start of the year, according to BIMCO. This posts the worst first quarter development in twenty years. Based on input from twenty-three liner operators, the China Containerized Freight Index (CCFI) reflects the general export freight rate level from ten major ports.The 28% fall reduced the CCFI from 1,548 at the beginning of the year to 1,112 at the end of the first quarter, not least due to a record high fall in spot freight rates.

China said on Monday (March 31) that all crew members who went missing over the weekend after a suspected pirate attack on their Ghanian-registered fishing vessel are now “safe”.“China will continue to work with Ghana to safeguard the safety of Chinese citizens and institutions in Ghana,” foreign ministry spokesperson Guo Jiakun told a regular press conference.Seven armed people boarded the ship and fired warning shots shortly before 1800 GMT on Thursday (March 27), the West African nation’s military said in a statement…

Taiwan's defence minister dismissed on Friday China's complaints about a collision between a Taiwan navy ship and a Chinese trawler in the sensitive Taiwan Strait, vowing that Taipei would carry on military exercises undeterred.China's Taiwan Affairs Office condemned the actions of the Taiwanese landing ship as "wicked" following Thursday's collision off Taiwan's central city of Taichung. Taiwan, however, said it did not take place in "restricted" waters."The Taiwan Affairs Office always says things like this…

Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump's administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans.The proposed fees on China-built vessels could top $3 million per U.S. port call.The administration says the fees would curb China's commercial and military dominance on the high seas and promote a U.S.

Fossil fuel and agriculture industry representatives are expected to criticize the Trump administration's plan to impose big fees on China-linked ships entering U.S. ports during a hearing in Washington on Wednesday, arguing the move would hobble their ability to export everything from coal to soybeans.At issue are proposed fees on China-built vessels that could top $3 million per U.S. port call.The Trump administration says the fees would curb China's commercial and military dominance on the high seas and promote a revival in U.S. shipbuilding, but numerous other U.S.

South Korea has deployed a large stationary floating platform in a disputed section of the Yellow Sea, escalating tensions with China over a contested maritime zone where both countries' exclusive economic zones (EEZs) overlap. The move, described by Seoul as a "reciprocal measure," comes in response to a growing Chinese presence in the area, which includes numerous offshore structures that China claims are for fish farming.The deployment was confirmed Wednesday by South Korean Oceans Minister Kang Do-hyung during a parliamentary session.

The Philippines and its allies are trying to expand the Squad grouping of nations to include India and South Korea to counter China in the Indo-Pacific region, the Philippines' Armed Forces chief General Romeo S. Brawner said on Wednesday.The Squad is an informal multilateral grouping made up of Australia, Japan, the Philippines and the United States, whose defence forces have conducted joint maritime activities in the Philippines' exclusive economic zone in the South China Sea…

Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.Behind these low-profile moves, six shipping executives said, lie concerns that their ships could be commandeered by Chinese authorities or hit with U.S. sanctions in a conflict between Beijing and Washington.Beijing's emphasis on the role of Hong Kong in serving Chinese security interests and growing U.S. scrutiny of the importance of China's commercial fleet in a possible military clash…

The United States is preparing to impose docking fees at its ports on any ship belonging to a fleet that includes Chinese-built or Chinese-flagged vessels, according to a draft executive order, a move aimed to both revitalize U.S. shipbuilding while countering China’s dominance in global shipping and shipbuilding.The draft order from President Donald Trump also urges allied nations to adopt similar policies or risk facing retaliatory measures from the U.S.China’s growing control over the maritime industry has become a rare bipartisan concern in the U.S.…

“We estimate that coal shipments to China will show a 15% fall y/y during the first quarter of 2025, reaching a three-year-low. Seaborne cargoes have slowed due to weaker domestic demand and higher competition from domestic supplies and overland imports. Thermal coal cargoes have been particularly affected, though coking coal shipments have also decreased,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.During the first two months of 2025, thermal coal demand weakened due to a 6% y/y decrease in electricity generation from coal.

Iranian oil shipments into China are set to fall in the near-term after new U.S. sanctions on a refiner and tankers, driving up shipping costs, but traders said they expect buyers to find workarounds to keep at least some volumes flowing.Washington on Thursday imposed new sanctions on entities including Shouguang Luqing Petrochemical, a "teapot," or independent refinery in east China's Shandong province, and vessels that supplied oil to such plants in China, the top buyers of…