China calls for orderly development in shipping

China’s Ministry of Transport has issued a notice on its website to reiterate policies and regulations that have long been enshrined but have not been fully enforced, seeking to allay mounting anxiety over the state of the nation’s struggling shipping industry.

The nine-point statement aiming to promote “steady and orderly development of China’s international shipping industry” covered an extensive range of topics including: overcapacity, fleet upgrading, industrial consolidation, freight-rate pricing, fair competition, green sailing and transport safety.

“Problems covered...

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