China's "Belt and Road"

China's "Belt and Road"

China's "Belt and Road" plan is a multi-billion initiative aimed at linking Asia with Europe and Africa, and the countries in between. The plan, formerly known as "One Belt, One Road," brings together the landside Silk Road Economic Belt and Maritime Silk Road developments. The Silk Road Economic Belt connects China, Central Asia, Russia and Europe (the Baltic), linking China with the Persian Gulf and the Mediterranean through Central Asia and West Asia, and connecting China with Southeast Asia, South Asia and the Indian Ocean. The 21st-Century Maritime Silk Road is from China's coast to Europe through the South China Sea and the Indian Ocean on one route, and from China's coast through the South China Sea to the South Pacific.

Special Coverage

Container carriers in the slowing US import and export trades are exercising increased discipline, maintaining capacity levels rather than introducing new vessels in an attempt to secure a larger share of the market.

News & Analysis

15 Oct 2019
Shippers are being urged to plan carefully for 2020, as signs begin to indicate the US truck market may swing again next year.
15 Oct 2019
Although Typhoon Hagibis was the strongest storm to hit Japan in decades, carriers are reporting only minor disruptions to schedules and minimal damage to port infrastructure.
14 Oct 2019
Carriers will blank at least 37 individual sailings this month and next and suspend an entire weekly service as they attempt to stop further erosion in freight rates in the eastbound Pacific.
14 Oct 2019
Bangladeshi shippers are relieved after the local customs agent that handles Cosco Shipping’s business in the country had its license reinstated.
14 Oct 2019
While the “phase one” trade agreement reduces tensions between the US and China, the two sides are nowhere near reaching a more comprehensive deal at this time, a US-China business expert says.

Commentary

Despite publicly indicating a preference for the Port of Trieste in Italy, China may have really been working on securing market entry into Europe via a connection to the Rhine-Alpine corridor in Rijeka, Croatia.

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