Myanmar is negotiating with a Chinese consortium to develop a deep-sea port in Kyaukphyu (Rakhine state, western Myanmar) on the Bay of Bengal as part of the planned Kyaukphyu Special Economic Zone (SEZ), informs Xinhua. The negotiation between Myanmar’s Commerce Ministry and the China International Trust and Investment Corporation (CITIC) is expected to reach an […]
Japanese government plans to invest in port development in three Indian Ocean nations — Myanmar, Sri Lanka and Bangladesh — as part of Prime Minister Shinzo Abe’s “free and open Indo-Pacific strategy”, informs The Jakarta Post. The project aims at securing the sea lanes linking Asia and Africa via the Middle East. The three sites […]
Australia, the United States, India and Japan are in talks about establishing a joint regional infrastructure scheme as an alternative to China’s One Belt One Road concept, writes Reuters. The unnamed senior U.S. official has been quoted as saying that the plan is still “nascent” but is being seriously discussed adding that it is on […]
Chinese COSCO Shipping aggressively invests in ports and logistics hubs, writes Nikkei Asian Review and tells about its recent acquisitions of the Spanish port operator Noatum and an inland logistics hub in Khorgos, Kazakhstan. Whereas the Noatum deal has been widely highlighted in the media, including Port.Today, the deal with Kazakhstan’s terminal passed largely unnoticed. […]
The Container Supply Chain Conference within TOC Europe 2017 held in Amsterdam this week has brought up the question of the impact of China’s concept of One Belt One Road on future container trade and infrastructure projects in Eurasia. Hercules Haralambides, professor of Maritime Economics and Logistics at Erasmus University Rotterdam, presented a holistic overview […]
Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with China attracting investment to the country’s port and shipping infrastructure, during his visit at the Belt and Road Forum for International Cooperation, inform Greek media. The Forum will be held in Beijing on May 14-15, with the attendance of 28 state leaders, […]
The first ever UK-China container train departs today from DP World London Gateway for the city of Yiwu in Zhejiang province, eastern China, reports BBC. The unique rail freight service will pass through the Channel Tunnel and thereafter cross 7 countries – France, Belgium, Germany, Poland, Belarus, Russia and Kazakhstan – making 12,000 km in […]
One of the leading global port operators Singapore-based PSA has invested in China United International Rail Containers Co., Limited (CUIRC), a Sino-Foreign joint venture (JV) with a mandate from the government of the People’s Republic of China to develop and operate 18 railway container terminals within the country, announces PSA’s press release. The investment has […]
Yingkou Port, in the northeastern province of Liaoning, has seen a rise in freight volume despite the sluggish local economy, thanks to the Belt and Road Initiative, writes Chinese news agency Xinhua. According to the port management company, during the first 9 months of 2016, the port registered combined sea-rail freight transport volume of over […]
