China Shipping bulletins on September 17,2019

1.Chinese Shipyard Jiangsu New Yangzi Shipbuilding Co. Ltd. Was hoisted the flag of the first 45,500 dwt bulk carrier, ordered by Navibulgar.

2.Oil traders and analysts expect prices to jump at least $5 a barrel Monday after a strike on a key facility cut Saudi Arabia’s production by half, pulling some 5% of world supply off the market.

3.China’s COSCO Shipping Lines has named its sixth and final 21,000 TEU containership at compatriot Jiangnan Shanghai Changxing shipyard.

4.Latest data from Clarkson Research Services shows that the top 14 yards handling the most amount of scrubber retrofits are all Chinese, and reports of growing delays in getting the exhaust gas cleaning systems installed in funnels are correct.

5.Chinese output of hot metal, crude steel and finished steel all increased in August, China’s National Bureau of Statistics said on Monday. 
 

6.A peek into the bunker prices of forward contracts for the first quarter of 2020 suggests the economics of installing scrubbers on ships may be put into question. 

7.China's iron ore futures finished higher on Monday.The most active contract for January 2020 delivery finished the day session up 0.45 percent to 670.5 yuan per ton. 

8.China National Petroleum Corporation, also known as CNPC or PetroChina, is about to begin converting existing fossil fuel gas stations in the city of Nanjing in eastern China's Jiangsu province, sources reported. 

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