1.BEIJING — China's goods trade rose 8.9 percent year-on-year to 9.11 trillion yuan (about $1.43 trillion) in the first four months of this year, resulting in a trade surplus of 506.24 billion yuan,customs data showed Tuesday.
2.China's Haiyang-6 scientific research vessel, carrying an unmanned submersible, returned to Guangzhou, the provincial capital of south China's Guangdong Province, on Friday after completing a joint operation with a manned submersible in the South China Sea,which demonstrates China's firm grasp of deep sea exploration technology.
3.China's natural gas consumption is forecast to grow 10.5% from the year prior to 260 billion cubic meters (b cm) in 2018, said Duan Zhaofang, chief engineer of Natural Gas Market Research Institute of Sinopec Economy & Technology Research Institute.
4.China's iron ore futures rose on May 7, the second day the contracts have been open to direct trade by foreign investors, with robust restocking demand amid resuming steel capacity helping to push prices higher.And the internationalisation of the contract will give direct access and open the door to more foreign participants.
5.CHINA's e-commerce giant Alibaba has launched a blockchain-encrypted platform, the Food Trust Framework, in a bid to boost accuracy and transparency across its supply chain network.If Alibaba's new trial proves a success, the technology could be implemented throughout its shipping operations and become the basis for a standard in the industry
6.Sri Lanka’s Board of Investment approved a $500 million investment in a liquefied natural gas (LNG) plant to be developed in Hambantota by China Machinery Energy Corporation.
7.Orient Overseas International, parent of Orient Overseas Container Line, yesterday released a positive first quarter update with all trades showing an upward swing.
8.COSCO Shipping Holdings Co Ltd announced that net profit for the first quarter of the year ending March 31, 2018, has fallen 33 per cent to CNY181 million (US$28.3 million) from CNY270 million in the same period last year.
Sources:XINDE MARINE NEWS
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