1.Since bottoming out in late March this year, the container spot rate index out of China has soared and has now reached its highest level since the summer 2017.
2.The new board of directors of OOCL was established, and Lirong,Xu was appointed as the Chairman of the board.
3.Heilongjiang province in northeastern China bans new coal mine expansion projects with single-well capacity below 0.3Mtpa.
4.The Chinese government plans to impose tariffs on USD 60 billion worth of US imports if the Trump administration follows through on its latest trade threats.
5.The world's largest port and terminal company, Hutchison, has performed nicely in the first half of 2018 with improved revenue and operating profit. But the trade war puts a damper on expectations for the rest of the year.
6.As the world's now third-largest liner shipping company, state-owned Chinese Cosco has in record time gained control of a significant portion of the global market – and the company has already surpassed several European majors. The Chinese state's crucial influence is undeniable, shows a review.
7.OOIL sinks into the red in first half 2018.For the first six months of 2018, OOIL and its subsidiaries recorded a loss attributable to equity holders of US$10.3m compared to a US$53.61m profit for the same period in 2017.
8.Shanghai rebar steel futures climbed almost 2% on August 3 to near a 5-and-a-half-year high amid China's plans to impose industrial production curbs during winter for the second year in a row.
XINDE MARINE NEWS editor：Anita
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