1.Russian shipping major Sovcomflot, along with compatriot gas producer Novatek and Silk Road Fund have signed an agreement with China COSCO Shipping related to transportation of hydrocarbons from Russia’s Arctic zone.
2.China's looming pipeline reform is poised to spur competition in its natural gas industry, lowering prices and supercharging demand from the world's top importer in years to come, according to Credit Suisse Group.
3.Combined expectations among Chinese manufacturing and service-sector companies for the year ahead – particularly smaller, private-sector firms – dropped to the lowest level on record in May as the escalating US-China trade war eroded firms’ confidence, according the latest Caixin Purchasing Managers’ Index published on Wednesday.
4.Taiwan's Yang Ming and the Canadian Pacific Railway have signed a three-year agreement to move Yang Ming cargo to and from North America, via the Port of Vancouver.
5.China's looming pipeline reform is poised to spur competition in its natural gas industry, lowering prices and supercharging demand from the world's top importer in years to come, according to Credit Suisse Group.
6.Hong Kong global port operator China Merchants Ports Holdings plans a US$144 million debt refinancing for a free-trade zone project in Djibouti, reports New York's FreightWaves.
7.China Petroleum and Chemical Corp, the world’s largest refiner by volume, has signed an agreement with Russian petrochemical company Sibur on the Amur Gas Chemical Complex (Amur GCC) in Moscow, the company said on Thursday.
8.A crane collapse incident took place at Yangzijiang Shipbuilding’s Yangzi Xinfu yard this morning.According to local reports, the crane fell onto a bulk carrier under construction at the yard and caused damages to the front starboard side of the vessel.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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