China Shipping bulletins on June 6,2019

1.Under the 48th World Environment Day, Sinopec Marine LSFO Global Supply Press Conference held at China Zhoushan today, and it reveals that Sinopec will form a production capacity of 10 million tons of LSFO in 2020. rices for marine fuels that comply with the tighter sulphur specifications that the International Maritime Organisation (IMO) is introducing from 1 January 2020.

 

2.While China has stepped up efforts to boost domestic crude oil production and is also trying to replace oil with cleaner alternatives including natural gas, biomass and renewable energy, insiders predict that the country's dependency on foreign crude oil imports will not ease in the short term.

 

3.US-based container carrier Matson has started the installation of exhaust gas cleaning systems on six vessels deployed in its Hawaii and China-Long Beach Express services.

 

4.Spectrum of the Seas, Royal Caribbean International’s newest ship custom built for the Chinese market, made its debut in China on June 3.The first Quantum Ultra Class ship sailed into Wusongkou International Cruise Terminal in Shanghai after completing a 46-night Global Odyssey that spanned 17 cities.

 

5.China's iron ore futures finished higher on Tuesday at the Dalian Commodity Exchange (DCE).The most active iron ore contract for September 2019 delivery increased 0.63 percent to 720.5 yuan per ton. 

 

6.China launches first rocket from sea.The Long March 11 rocket blasted off from a platform on a large semi-submersible barge in the Yellow Sea just after midday (0400 GMT), state media said.

 

7.Steel prices in China edged up on Wednesday after six sessions of decline, buoyed by expectations that a glut in supply could ease amid falling profit-margins at producers and extended output curbs in the nation’s top steelmaking city.

 

8.China’s economy will have enough factors of support to maintain stable, healthy and sustainable development, President Xi Jinping told Russian media on June 4.Xi made the remarks during a joint interview with TASS Russian News Agency and Rossiyskaya Gazeta newspaper on the eve of his state visit to Russia.

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