Starting in May, the new Maritime Code of China has officially come into force. With 80% of global trade goods transported by sea, maritime shipping serves as the most critical logistics infrastructure for global supply chains and a vital pillar of international trade. At a regular press conference held on May 29, a spokesperson for the China Council for the Promotion of International Trade (CCPIT) stated that the new Maritime Code closely aligns with the new trends of digitalization and green development in global shipping and trade. It fully incorporates advanced achievements from international maritime conventions, more precisely and effectively balances the interests of various stakeholders in the shipping industry, clarifies rights and responsibilities, and creates a stable and predictable legal environment for market participants. This marks a milestone in promoting the high-quality development of China's shipping and trade, strengthening marine ecological and environmental protection, and accelerating the construction of China as a maritime and shipping power. In fact, the CCPIT has consistently prioritized serving the national maritime strategy and safeguarding the security and stability of industrial and supply chains. At last year's third Supply Chain Expo, a report released by the CCPIT titled "Maritime Arbitration Safeguards Enterprise Participation in Global Supply Chains" highlighted that maritime arbitration, as a widely recognized and commonly adopted dispute resolution method in the international shipping industry, plays an irreplaceable role in efficiently handling maritime and commercial disputes and maintaining the security and stability of global supply chains. The China Maritime Arbitration Commission (CMAC), affiliated with the CCPIT, is China's only internationally renowned arbitration institution specializing in resolving maritime, commercial, and transportation logistics disputes. Since its establishment in 1959, it has independently and impartially adjudicated and resolved thousands of cases. The CCPIT spokesperson further revealed that, in line with the implementation of the new Maritime Code, the CCPIT will continue to advance the promotion, application, and study of the new law, contributing to China's high-level opening-up and the construction of a maritime power through professional arbitration services. During the fourth Supply Chain Expo this year, the CMAC will release a significant report titled "Insights into Supply Chain Dispute Resolution from Typical Arbitration Cases." This report aims to provide professional references for enterprises to effectively prevent and efficiently resolve supply chain-related disputes, while also offering practical support for the industry to improve the legal safeguards for supply chains.
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