1.Chinese shipbuilder Yangzijiang Shipbuilding has diversified into terminal ownership after it acquired a 55% equity interest in Odfjell Terminals (Jiangyin) Company for approximately $46.23m.
2.Taiwanese container line Yang Ming has opted for Sperry Marine’s VisionMaster Net for digital navigation on a series of 10 feedership newbuildings.
3.Caofeidian port in northern China has halted custom declarations for all coal imports effective July 16, which is being interpreted by the market as a signal of a further tightening of import curbs, market sources said Tuesday.
4.China is closing in on Japan as the world’s largest importer of LNG mainly driven by the government’s environmental protection requirements, the increasing demands of LNG consumption, and the development of new LNG terminals.
5.Container volume through the Port of Shanghai has increased 5.1 per cent year on year in the first half of this year, according to Shanghai International Port Group (SIPG).
6.Leading global shipment management software solutions provider, CargoSmart, announced the execution of Global Shipping Business Network (GSBN) Services Agreements with maritime industry operators CMA CGM, COSCO Shipping Lines, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group.
7.The year-on-year declines in box volumes at the Port of Hong Kong have gained a depressing certainty about them as June marked the 17th straight month that could not match its predecessor from a year ago.
8.On the 2019 “Fortune China 500” List released on July 10, COSCO SHIPPING Holdings took the 75th place, a continuous rise in its rankings over the past three years (91st in 2017 and 87th in 2018) after the restructuring.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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