Sunday, May 26, 2019

Tag: Ports

Malaysia-China sign historic 14 agreements worth RM144b

PM Najib Razak says it is the biggest ever recorded with his official visit overseas and a historic achievement for both countries. Malaysian and Chinese companies made history today with the signing of 14 agreements worth RM144 billion. Prime Minister Najib Razak said the amount was the biggest ever recorded in...

Shipping giant’s bankruptcy could have terrifying ripple effects on the economy

LOS ANGELES (AP) — The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves. The South Korean giant filed for bankruptcy protection on Wednesday and stopped accepting...

Estonian, Latvian and Lithuanian Baltic Sea ports face historic lull

The ports of Estonia, Latvia and Lithuania are facing a lull in activity, with cargoes from the east into Europe and from the West into Russia finding new routes to circumvent Baltic ports. This according to Russian news journal PolitRussia, which suggests it could also have catastrophic consequences for the...

China’s New Silk Road Into Europe Is About More Than Money

Beijing is spending billions on new ports and rail lines, but its ambitions for Europe are as much about geopolitics as commerce. China is actively building out the European portion of its ambitious new “Silk Road” plan, with port deals from Greece to the Netherlands, railroad investments in Greece, Serbia,...

India’s $500 Million Bet on Iran

New Delhi hopes a giant new Iranian port will help meet its energy needs — and outflank Pakistan. India's plan to spend $500 million on a new port complex on Iran's Indian Ocean coast caps a decade-long quest to find a way to get sorely needed supplies of energy. But...

World’s longest rail tunnel to open in Switzerland under Alps

EU heads to take 57km maiden voyage in €11bn Gotthard base tunnel on Wednesday. Measuring 57 km in length, situated 2.3km deep under the Alps and having cost €11bn to complete, Switzerland’s Gotthard base tunnel is more than just the world’s longest and most expensive tunnelling project. At a time of...

The Belt and Road Initiative

The Belt and Road Initiative refers to the Silk Road Economic Belt and 21st Century Maritime Silk Road, a significant development strategy launched by the Chinese government with the intention of promoting economic cooperation among countries along the proposed Belt and Road routes. The Initiative has been designed to...

China Sees Itself at Center of New Asian Order

Beijing Builds Roads, Pipelines, Railways and Ports to Bind Itself to Region. HORGOS, China—In a valley flanked by snow-capped peaks on China’s border with Kazakhstan, a vision of Beijing’s ambitions to redraw the geopolitical map of Asia is taking shape. This remote outpost, once a transit point for Silk Road...

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