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Beijing-this is a weekly review of recent developments in the South China Sea. In the South China Sea, China is at loggerheads with its smaller neighbors over territorial disputes over islands, coral reefs and lagoons. The sea area is the main waterway for global trade, rich in fish and possible oil and gas reserves.
Joint U. S. Navy Operations in the South China Sea.
The U. S. Seventh Fleet said Sunday that ships and aircraft from the Ronald Reagan aircraft carrier battle group and the Yihetuan amphibious battle group held joint "high-end combat exercises" in the South China Sea.
"our focus in the Indo-Pacific region is on maintaining regional stability and security," Rear Admiral George Vikov (George Wikoff), commander of Task Force 70, was quoted as saying in a press release issued by the Pacific Fleet.
"our presence reflects our commitment to the values we share with many partners and allies in the region," Wykov said. We stand ready to use the overwhelming power of our joint aircraft carriers and amphibious attack groups to stop those who challenge these common values. "
According to the announcement, the exercises included maritime strike operations, search and rescue operations, defense of rapid attack aircraft, maritime blockade operations, live ammunition exercises for small arms and shipborne weapons, air defense and anti-submarine operations.
The Boxer Amphibious preparation Group consists of a San Antonio class amphibious transport wharf ship, a Harpers ferry class dock landing ship and the 11th Naval Expeditionary Force.
On September 30, the Los Angeles-class rapid attack submarine Oklahoma City rendezvous with ships, aircraft and personnel from the United States, the Japanese and Indian navies.
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The 2019 Malabar military exercise hosted by Japan brings together China's main competitors in the region, which Beijing may see as an attempt to curb China's growing influence and territorial claims.
It is the latest in a series of annual naval exercises that began in 1992 and Japan has been a regular participant since 2015. The Seventh Fleet said this year's exercise, which began late last month, is aimed at improving interoperability between Indian, Japanese and American maritime forces and providing an opportunity to engage, emphasizing cooperation between the United States and India's Pacific allies and partners.
The Rupunny prairie in southern Guyana is one of the most biodiversity-rich areas in South America and home to jaguars, eagles and the world's largest ants. It is also one of the most remote areas. The British writer Evelyn Waugh (Evelyn Waugh) set the last scene in his 1932 novel "A handful of Dust on the Guyanese Prairie" (A Handful of Dust in the Guyanese grassland, when he needed a place to be cut off from the rest of the world. And his protagonist has neither the hope of being saved nor the hope of escape.
With Chinese investment, this isolation could soon be a thing of the past.
In the coming months, the Inter-American Development Bank (IADB) will submit a report on the Guyana-Brazil transport link and the deepwater port project on the northern coast. Today, it takes 14 hours to get to the border town of Lethem, Runupuni, from Georgetown, the capital of Guyana, along a muddy road. The laterite will be converted into a major trade center by asphalt and Letham. China is expected to provide the necessary funds and carry out construction work.
At the ceremony at which Guyana signed the Chinese "Belt and Road Initiative" initiative in July 2018, the representatives of the two countries referred to the untendered project.As part of an ambitious global connectivity plan, China has pledged $250 billion for infrastructure projects in Latin America.Chinese companies have previously developed infrastructure projects in Guyana, but the port and road project will be the largest to date.
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Market sources told Standard & Poor's Platts P Global Platts), a well-known Chinese oil company, has chartered at least four supertankers as alternative ships. The company had previously hired China Ocean Dalian tanker company (China Cosco Dalian) to transport crude oil from the Persian Gulf.
The rush to buy alternative ships has pushed up the freight level of (VLCC), a very large tanker carrying crude oil from the Persian Gulf to China, one of which is temporarily chartered for a global price of 76.
On Wednesday, the benchmark VLCC rate from the Persian Gulf to China was 270000 metric tons, or W67.
A source from VLCC shipowners said: "this is good news for the freight market because charterers will be more cautious in choosing ships carrying goods, and shipowners are taking a wait-and-see attitude. See how sanctions will affect the level of freight. "
"We will see the extent of the impact [on the market] today," said another source from VLCC shipowners. "
"Trading companies don't use a barge pole to touch their tonnage [Cosco Dalian] because no one wants to be blacklisted," said an executive at (Western Protection and Indemnity) or Pang I Club, a western insurance and indemnity association. Damage their financial trading mechanisms. "
Cosco now has the option to transfer control of the tonnage to a separate entity or parent, according to sources.
To achieve this goal, the company must obtain class approval from the necessary associations, which are acceptable.
