China Shipping bulletins on September 10,2018

1.China's self-built icebreaker "Xuelong 2" build by Jiangnan Shipyard launched today.

 

2.Shipping Innovation Alliance was officially established on 7,Sep 2018,and Xinde Marine News joined.

 

3.Hong Kong's port cargo throughput in the first half of the year fell 3% compared with the same period last year.

 

4.Drewry’s lead analyst said that since China constitutes a the lion’s share of the global iron ore trade (around 70%),Capesize and VLOC charter rates will be heavily influenced by a trade war and recovery in charter rates will slow down.

 

5.China is now the strongest maritime nation says a new report from DNV GL and a consultancy firm.The report takes into account the countries'strengths in shipping and ports.

 

6.China's iron ore futures settled higher on Friday.The most active contract for January 2019 delivery ended the day session up 0.5% at 498 yuan per ton. 

 

7.The vessel APL Norway from China arrived at Lebanon's Tripoli port Thursday to unload products for the local market and transport containers to other ports in the region,National News Agency reported.

 

8.US energy giant ExxonMobil said on Wednesday it has signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas (LNG) import terminal in China.