China Shipping bulletins on June 19,2019

1.China's first large-scale, domestically designed and independently built woodchip carrier has been successfully delivered to its client. The 64,000-ton vessel, called MATER, is manufactured by Chengxi Shipyard Co Ltd in Jiangyin city, East China's Jiangsu province.

 

2.Shares in CSSC (Hong Kong) Shipping have fallen back after the company carried out an HKD 1.97bn ($252m) IPO in Hong Kong on Monday.

 

3.China Merchants Energy Shipping (CMES) is forming a ro-ro shipping joint venture with a unit of China Merchants Energy Shipping (CMES) is forming a ro-ro shipping joint venture with a unit of Guangzhou Automobile Group.

 

4.The marine economy of Guangdong province last year reached a whopping 1.93 trillion yuan ($280 billion), ranking first in the country for the 24th consecutive year, according to a recent report released by the Department of Natural Resources of Guangdong Province.

 

5.China's iron ore futures finished higher on Tuesday.The most active contract for September 2019 delivery finished the day session up 2.14 percent to 786 yuan per ton. 

 

6.China’s iron ore and steel prices have decoupled somewhat in recent weeks, with the raw material still making fresh highs while the finished product trends lower.

 

7.China’s iron ore futures clawed back on Tuesday, after a brief dip in early trade, despite mounting concerns over waning demand at mills amid heightened production restrictions in the top steelmaking city of Tangshan.

 

8.Evergreen Marine Corp is asking shipowners and yards for offers on a slew of ultra-large, scrubber-fitted boxships worth about $1.7bn as it looks to the company’s next generation of vessels.
 

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