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China Set to Become Largest Net Oil Importer

The U.S. Energy Information Administration predicts that China is likely to become the world’s largest net oil importer as soon as October: The imminent emergence of China as the world’s largest net oil importer has...

Chinese Firm to Build Panama Canal Rival

A Chinese company has been awarded a 100-year, $40 billion contract to build and operate a canal across Nicaragua, competing with the nearly 100-year-old Panama Canal. From Jonathan Watts at The Guardian: The president of the...

China’s Arctic Ambitions

China’s appetite for raw materials has become a source of concern from Afghanistan and Mongolia to Peru and Zambia. Now, these tensions appear to have spread to Greenland, where the prospect of Chinese encroachment...

China Bans Foreign Vessels from Waterways

Bloomberg reports China is banning foreign vessels from sailing on its domestic waterways, which are among the busiest in the world. Amid the economic slowdown, the shipping industry was hit by a contraction in trade: Overseas...

Patriot Missiles Found on Shanghai-Bound Ship

Finnish dock workers have discovered 69 Patriot surface-to-air missiles and around 160 tonnes of explosives aboard a British-flagged ship bound for Shanghai. It is unknown where the missiles themselves were to be unloaded:...

Drought Halts Yangtze Shipping

The Yangtze River, which carries 80% of China’s river freight, has been closed to ocean-going vessels in response to historically low water levels. From the AFP: The water level along the lower reaches of the river near...

Australia Arrests Chinese Crewmen Over Reef Ship

Two crewmen aboard the CHinese coal-carrying ship that slammed into the Great Barrier Reef have been arrested, AFP reports: Australian Federal Police swooped on the men who were on board the Shen Neng 1, which rammed into a...

Chinese Ship Slams Great Barrier Reef

A Chinese coal-carrying ship is leaking oil after slamming into the Great Barrier Reef. From AP: The Chinese Shen Neng 1 ran aground late Saturday on Douglas Shoals, a favorite pristine haunt for recreational fishing east of the...

Hijacked Chinese Bulk Carrier Rescued

From Xinhua: A hijacked Chinese bulk carrier and 25 Chinese crew members aboard were successfully rescued at 3 a.m. on Dec. 28, according to Chinese Marine Search and Rescue Center. After the rescue mission, Chinese Foreign...

China Fast Becoming the World’s Shipyard

Looks like we might soon be adding another superlative to the Chinese economy’s already swollen list. From AFP: “Last year, the order books at Chinese shipyards surpassed those of Japan, to be second only to South...

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