1.Tan Sri Frank Tsao Wen King,One of the top five Chinese-owned shipowners in Hong Kong, former chairman of the Hong Kong Shipowners Association and founder of IMC Group,died in Singapore at 2:20 pm yesterday, at the age of 95.
2.China National Petroleum Corp, the country's largest oil and gas producer in terms of output, has signed a contract with the government of Benin in West Africa to build and operate a crude oil pipeline in the region, the company said in a statement recently.
3.Hong Kong-based marine lubricants provider, Gulf Oil Marine has unveiled a major upgrade of its delivery services in Egypt with the introduction of the barge, Sea Star.
4.One of China’s most senior shipbuilding executives has claimed the mega merger between the country’s top two yard groups will not create a monopoly, as likely anti-trust reviews hove into view.
5.The deep-water port of Nansha in Guangzhou, a city of 15 million people in the vicinity of Hong Kong, has doubled the number of direct connections with North Europe and West Africa, following the arrival of the Elly Maersk.
6.China's crude oil futures settled higher on Monday.The most active contract for September 2019 delivery increased 2.00 percent to 417.9 yuan per barrel, data from the Shanghai International Energy Exchange showed.
7.In the week ending Aug-9, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 720.5 points, slightly
8.News of carrier fines for misdeclaration of cargoes continues to filter in with Taiwan’s Evergreen issuing the highest penalties seen by Splash to date.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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