1.As with so many other facets of shipping, China dominates the ship repair industry. Latest data from Clarkson Research show 10 of the top 12 repair yards last year were Chinese.
2.World Dream, Asia's largest tonnage cruise ship, berthed in east China's port of Xiamen Monday, making it the first 150,000-ton mega cruise ship to make port after the port had an upgrade.
3.The US Coast Guard Cutter Bertholf (WMSL 750) moored Sunday in Hong Kong Harbour – the first visit by a Coast Guard cutter in 17 years.While in port, the crew will have opportunities to explore Hong Kong and interact with local citizens through community relations projects and tours.
4.Ferry company Stena Line has achieved another major milestone in its fleet investment program with the ‘float out’ ceremony of the second vessel in its new generation E-Flexer series.The second vessel will be named Stena Edda and follows the Scandinavian heritage decided for the five new vessels that are being constructed at the Avic Weihai Shipyard in China.
5.China's foreign trade climbed 3.7 percent year-on-year to 7.01 trillion yuan ($1.04 trillion) in the first quarter of this year, customs data showed on Friday.During this period exports grew 6.7% to 3.77 trillion yuan, while imports increased 0.3% to 3.24 trillion, according to the General Administration of Customs.
6.China Cosco Shipping Corp, the country's largest shipping group by fleet size, will develop more port businesses in economies related to the Belt and Road Initiative this year.It will focus on South America, Africa and other fast-growing regions, and boost its strength in job creation, shipping and logistics services.
7.China's iron ore futures finished higher on Monday.The most active contract for September 2019 delivery finished the day session up 0.15 percent to 653 yuan per ton.
8.China's investment volume in global ports has skyrocketed since the launch of Belt and Road Initiative but faces risks and challenges amid the fair share of controversy and turbulent political arena and financial markets, according to a report newly released by Grandview Institution, one of the most well-known independent think tanks in China.
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