China Shipping bulletins on June 14,2019

1.Xinde Marine News Green ShipTech Seminar, conducted by Xinde Marine News, coorganized by LeesGreen Ballast Water Management, Worldwide Ship, DNV GL and Marshall Islands Registry, has ended with great success on June 14th, 2019 in Shanghai, China. 

 

2.That the International Union of Marine Insurers should choose Shanghai for an Asia Forum (22-23 May 2019) is a clear indication of the rise of China as force to be reckoned with in the marine insurance sector.

 

3.China's transport ministry planned to launch five liquefied natural gas (LNG) receiving stations in provinces along the Yangtze River, domestic industry media reported.

 

4.On the afternoon of 13th June, Mr. Tan Chong Meng, Group CEO of PSA International visited COSCO SHIPPING headquarters. Capt. Xu Lirong, Chairman of COSCO SHIPPING, met with the delegation led by Tan，and the two sides fully exchanged the views on relevant businesses.

 

5.China's iron ore futures finished higher on Thursday.The most active contract for September 2019 delivery finished the day session up 1.56 percent to 781.5 yuan per ton. 

 

6.Shanghai International Port Group has revealed a plan to issue US$700 of bonds to the Hong Kong market as part of a drive to reduce debt levels following its investment In Orient Overseas International, parent company of Orient Overseas Container Line.

 

7.That the International Union of Marine Insurers should choose Shanghai for an Asia Forum (22-23 May 2019) is a clear indication of the rise of China as force to be reckoned with in the marine insurance sector.

 

8.Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.
 

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.