1.China will further optimize the business environment in ports to spur cross-border trade, officials from the General Administration of Customs said on Wednesday.
2.China aims to launch a bonded low-sulphur bunker fuel oil contract that will allow foreign investors to participate in trading by the end of 2019, the Shanghai Futures Exchange (ShFE) said on Thursday.
3.China’s Jiangxi province has issued plans to consolidate local port resources and will set up a provincial port management company to push forward the process.
4.Iron ore futures in China edged down in early trade on July 4, taking a breather after a five-day rally that pushed prices of the steelmaking raw material to their highest in more than five years.
5.On June 28, the 2018 Annual Shareholders’ Meeting of Piraeus Port Authority (PPA), controlled and operated by COSCO SHIPPING, was held at the Athens Stock Exchange. The shareholders who attended the meeting hold 21,624,235 shares of PPA, accounting for 86.48% of the total.
6.Many prominent members of Hong Kong’s maritime community turned out in force last Friday (June 28) to witness the christening of a pair of harbour tugs said to be the most powerful operating in the harbour.
7.Hong Kong's Orient Overseas Container Line (OOCL), now a Cosco unit, has announced Asia-Europe sailing cancellations over the next few months.
8.Russia remained as the top crude supplier to China’s independent refineries in June — the second consecutive month — with 2.32 million mt arrived, far outpacing the second supplier in Angola, S&P Global Platts monthly survey showed Thursday.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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