• In February, the prosperity index of China's logistics industry was 47.5, down 3.7 percentage points from the previous month, indicating that the logistics operation is slowing down steadily. Affected by holiday factors, the reduction of effective working days led to a decrease in market activity, but the strength of logistics protection continued to strengthen. Total business volume and new orders index fell, service prices remained low, and cost increases slowed. After the holidays, enterprises resumed work and production in an orderly manner, commodities, equipment manufacturing capacity steadily recovered, cross-border e-commerce, express delivery and other orders to accelerate the recovery, the market is expected to remain optimistic.
  • Recently, the Ministry of Transport and other ten departments jointly issued the "Implementation Plan on Supporting the Construction of Shanghai International Shipping Green Fuel Filling Center and Trading Center." The plan is a key measure to implement the national strategy and lead the green and low-carbon transformation of the global shipping industry, marking China's shift from "following" to "leading" the global shipping energy transformation. The plan aims to build Shanghai into a global green shipping fuel resource allocation, market trading and rules innovation hub, through the construction of "supply guarantee-filling service-trading market" trinity of industrial ecology, strengthen the supply of green fuel, innovative filling mode, improve the trading market, and promote the establishment of "Chinese standards" to connect with international rules, in order to enhance China's competitiveness and voice in the global shipping green transformation.
  • On March 4, the Sichuan delegation to the fourth session of the 14th National people's Congress held a plenary meeting to discuss and adopt 17 proposals submitted in the name of the delegation. These proposals cover five categories: infrastructure, social and people's livelihood, development policies, reform and innovation, and the construction of a twin-city economic circle in Chengdu-Chongqing region, focusing on key areas such as water resources allocation, digital industrial clusters, ecological waterway construction, low-altitude economy, high-speed rail planning, urban renewal and care for the elderly, with the aim of gaining national support for Sichuan's high-quality development.
  • The Guangdong Maritime Safety Administration and the Yangtze River Maritime Safety Administration have recently jointly established an integrated maritime supervision mechanism for the new western land and sea channel "Yuche to Sea", aiming to innovate the maritime supervision model of new energy vehicles through cross-regional and cross-departmental business collaboration. Through information sharing, mutual recognition of supervision and process optimization, the mechanism reduces repeated declaration, reduces customs clearance time, improves logistics efficiency and reduces enterprise costs, and provides safe and smooth transportation guarantee for new energy vehicles to go to sea.
  • The 34th East China Import and Export Fair closed in Shanghai on March 4, with an intended order value of 2.195 billion US dollars, up 5.05 percent year on year. The exhibition attracted 46450 domestic and foreign buyers from 126 countries and regions, of which buyers in Southeast Asia increased significantly. The exhibition focuses on new technologies, new materials, new processes and new consumption trends, increases the proportion of brands and patent enterprises, and actively helps foreign trade enterprises to open up the domestic market, showing the new momentum of high-quality development of foreign trade.
  • On March 3, Qingdao Port, a port in Shandong Province, successfully completed the green methanol "ship-to-ship" filling operation of the first two international ships. In this operation, the "Jianhang Lida" ship was used as the refueling ship, which achieved a breakthrough of "operation and refueling at the same time" without affecting the normal production of the wharf. This marks that Qingdao Port has officially become the first port in the north to provide normalized green methanol filling services, which is of great significance to promote the green and low-carbon transformation of the shipping industry.
  • As the spillover risk of the US-Israeli attack on Iran spread to international shipping, a number of major maritime insurers announced the cancellation of war insurance for ships operating in the Gulf from March 5. There have been a number of recent incidents of ship damage in the region, and the International Maritime Organization has urged shipping companies to remain vigilant. The cancellation of insurance will discourage ships from crossing the Gulf, which could lead to a significant increase in insurance rates and a spike in the cost of transporting goods due to ship diversion and higher oil prices.
  • Jianxin Tianjin Lingang Port REIT, as the country's first single port public offering REITs, officially declared, marking an important breakthrough in asset securitization in China's port industry. The project was initiated by Tianjin Lingang Development Group and is based on its 14 berths. It aims to revitalize the existing port infrastructure and inject new financial momentum into port upgrading and marine economic development. Relying on the location and industrial advantages of Tianjin Dagukou Port Area, the project practices the port-industry-city integration model of "promoting production with Hong Kong and prospering the city with production", which not only innovates the financing channels of port enterprises, but also provides a replicable demonstration sample for the high-quality development of the industry.
  • On February 25, 2024, Premier Li Qiang of the State Council and German Chancellor Mertz jointly attended the Sino-German Economic Advisory Committee Symposium in Beijing. Li Qiang emphasized that in the face of world economic instability and rising protectionism, China and Germany, as the two major economies, should strengthen cooperation and jointly respond to challenges. He pointed out that the two sides should consolidate cooperation in traditional fields, seize emerging opportunities, and create a good business environment to achieve a higher level of mutual benefit and win-win results. Mertz said Germany is committed to deepening bilateral economic and trade cooperation and welcomes Chinese enterprises to invest in Germany.
  • The Hong Kong Shipowners Association welcomes and supports the 2026-2027 Budget, which incorporates a number of its recommendations, including tax concessions for commodity traders, incentives to register green fuel-powered vessels, optimising the ship registration system, organising international maritime events and promoting green shipping and digital transformation. Song Ruizhi, chairman of the Shipowners' Association, pointed out that these measures will help to cope with geopolitical and decarbonization challenges and consolidate Hong Kong's status as an international shipping center, and called on the government to expand the maritime talent training fund to attract young people to join the industry.
CNAUTO TDD-global