Strong secondhand box ship market now threatened by overcapacity
Unexpectedly strong demand for container shipping and healthy freight rates for much of last year ...
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Just hours after Indian prime minister Narendra Modi laid out India’s ambition to become a top-five global shipbuilder within a decade, China premier Xi Jinping lashed out at recent “de-Chinafication”.
While China is the world’s largest shipbuilder and steelmaker by a long way, many businesses have been vocal about re-shoring, near-shoring, or ‘friend-shoring’ operations elsewhere.
And at the opening ceremony of the Beijing Belt and Road forum today, president Xi slammed what he called “ideological confrontation, geopolitical rivalry and bloc politics”.
He said: ...
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