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Why China Matters – U.S. Could Loose Offshore Drilling Rights To EEZ

Okinotorishima is an island in Japan’s economic zone.By Peter Coy (Bloomberg) The U.S. and other coastal nations could lose millions of square nautical miles of ocean that are now in their exclusive economic zones. The loss would be an indirect result of an arbitration panel’s ruling on China’s dispute with the Philippines in the South China Sea. Largely overlooked in the tribunal’s July 12 […]

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This post first appeared on GCaptain - Maritime News, please read the originial post: here

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Why China Matters – U.S. Could Loose Offshore Drilling Rights To EEZ

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