China slaps down EU request for voluntary curbs on hybrid car exports

China has rejected a European Union request for voluntary limits on exports of hybrid and electric vehicles, potentially escalating trade tensions between the two blocs.

The European Commission is now considering imposing temporary controls on the surging shipments, which have increased by more than 50% this year alone.

This could lead to a serious trade conflict, as the EU argues that China's export surge is causing market disruption and hurting European carmakers.

The development may impact seafarers by potentially increasing shipping demand and rates for vehicles and components.