1.China’s north port company, Qinhuangdao Port is to set up a joint venture with a number of coal, port and shipping industry players to improve coal transport and supply chain.
2.Sources told the Caixin news agency that China Merchants Industry Holdings (CMIH), China International Marine Containers (CIMC) and AVIC International are in talks over a tie-up.
3.In recent weeks Hong Kong has been in dire need of a good news story, and it was the territory’s maritime community that delivered it yesterday (8 June) in the form of Ms Joanna Kwok, Hong Kong’s first marine chief engineer.
4.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.
5.China is on track to overtake Japan this year as the world’s top importer of LNG, according to a new report from Banchero Costa.In 2018, China’s imports of LNG soared 40.4%year-on-year to a record 53.8m tonnes, according to figures from the General Administration of Customs.
6.Saudi Aramco maintained a solid market share in China during the first half of 2019 despite OPEC’s continued commitment to keep crude oil production limited, with demand from China’s independent refining sector playing a crucial role in keeping Saudi crude flows to the giant Asian consumer ample this year.
7.Iron ore futures in China surged on Tuesday amid strong demand and lingering concerns about supply, while steel prices rose for the first time in six sessions.
8.Taiwan, Pakistan and Thailand are poised to play leading roles in Asia’s LNG growth story, creating more tonne miles.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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