1.Tangshan Port set up an inland port in Xi'an, Shaanxi province in Northwest China, on March 27. The two ports will work together to promote the operation of Xi'an-Tangshan Port land-sea intermodal transport, and add new momentum to the Xi'an land-sea intermodal transport corridor.
2.China Development Bank Financial Leasing (CDB FL) has signed contracts for another four bulkers at New Dayang Shipbuilding.Clarksons reported that the 63,500-dwt ultramaxes will be delivered in August and November 2020, as well as in 2021.
3.Hamburg Süd and The China Navigation Company (CNCo), a subsidiary of the Swire Group, have completed the sale of Hamburg Süd’s dry bulk shipping business, which includes Rudolf A. Oetker (RAO) and the bulk activities in Furness Withy (London and Melbourne) and Aliança Navegação e Logística, to CNCo.
4.One in three containers floating though the Port of Hamburg is on its way to or from China. And yet, port executive Axel Mattern is not worried about the turmoil surrounding the Chinese economy. There is still a momentum, says Mattern in an interview with ShippingWatch.
5.China's state-owned Cosco Shipping Holdings has warned of trade frictions and high oil prices posing risks for the global shipping industry this year, after confirming that its net profit for 2018 fell by more than half.
6.China's crude oil futures settled higher on Monday.The most active contract for May 2019 delivery went up 1.83 percent to 461.1 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed.
7.Guangdong Maritime Safety Administration signed a contract for China's first 10,000 ton-class maritime patrol vessel on Tuesday, which experts said could sail the high seas and provide assistance to Chinese and foreign ships in need.
8.Chinese state-owned Shipping and logistics services supplier company COSCO Shipping Lines has signed a low sulfur fuel oil (LSFO) supply agreement with Double Rich Limited, a subsidiary of China Marine Bunker (Petro China).
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