Greece joins the 16+1 format initiative gathering China and Central Eastern countries, Piraeus to become a major gateway for international trade.
The Chinese company COSCO, a leader in port terminals management has purchased Chancay terminal (60 percent stake) in the north of Lima.
Emirati group DP World filed a lawsuit against China Merchants Port Holdings in the High Court of Hong Kong.
On December 24, 2018, COSCO, Xiamen Port authorities in Fujian, and Fujian Provincial Communication Transportation Group announced the establishment of Silk Road Maritime.
Before heading to Buenos Aires for the G20 summit, the Chinese president made a stopover in Madrid for a three-day visit (27-29 November 2018). Xi Jinping met with the royal couple and Spanish Prime Minister Pedro Sanchez.
The Belgian port of Zeebrugge is expected to become a new hub of the Belt and Road initiative. Zeebrugge, the port of Bruges, is the second largest container port in Belgium after Antwerp, and the sixth in the Channel-North Sea region (2016). It is also the leading European port for car transportation.