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China Shipping bulletins on August 22,2019


1.The administrators of bankrupt Zhejiang Ouhua Shipbuilding have managed to sell the entire assets of the shipyard during a second round auction.
 
2.Seaborne iron ore prices plunged 6.3% today, falling to a level last seen in late January just after Vale’s tailing dam accident. 
 
3.In new guidance on the implementation of the 2020 sulphur cap, 8 associations issues related to fuel compatibility, fuel handling and storage. 
 
4.The Hong Kong's total number of containers handled last month was 1.516m teu, with a 9% decline in boxes handled compared a to a year before. 
 
5.YANGZIJIANG (YZJ) Shipbuilding achieved 11 per cent higher profits in the first half of the year compared to 2018.
 
6.A number of shipping, refining, fuel supply and standards organisations have worked together to produce Joint Industry Guidance on the supply and use of 0.50%.
 
7.On August 21,CNOOC announced that for the six months ended June 30, 2019, the company's revenue was 13.563 billion yuan, a year-on-year increase of 66.6%.
 
8.According to the data, Ningbo Zhoushan Port completed a total cargo throughput of 98.46 million tons in July, an increase of 7% year-on-year.

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

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