China Unveils New Policies to Renew Domestic Fleet
China has announced new policies to upgrade its domestic fleet, focusing on reducing emissions and boosting the economy. A new scrapping policy targets coastal and inland fleets, offering subsidies for shipowners to replace old vessels with new ones powered by alternative fuels. Incentives for Shipowners Old ships meeting Beijing’s criteria can earn $140 per gross […]
Explosion Rocks Cargo Ship at Ningbo Port
Concerns are sparked after a goods container aboard a cargo ship burst into an explosion. The incident happened at one of the most bustling ports in China, the Ningbo Port on Friday. The YM Mobility, a Taiwanese vessel operated by Yang Ming Marine Transport Corporation confirmed the details regarding the incident in a statement to […]
Pakistan and GCC Sign Historic Preliminary Free Trade Agreement
In a landmark move, Pakistan and the Gulf Cooperation Council (GCC) have signed a preliminary free trade agreement (FTA), marking the first such agreement the GCC has concluded with any country since 2009. This historic deal is expected to pave the way for significant economic cooperation and growth for both parties involved.
Transforming the Khunjerab Pass: Pakistan and China’s Vision for an All-Weather Border
In a landmark announcement at the Belt and Road Forum in Beijing, Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar revealed plans to transform the Khunjerab Pass into an all-weather border.
