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China Shipping bulletins on October 30,2018


1.New research from Wood Mackenzie shows that Asia-Pacific's offshore wind capacity will increase 20 times to 43 GW in 2027.China is still in number one,which is expected to see offshore wind capacity rise from 2 GW last year to 31 GW in the next decade.
 
2.For the the third quarter of 2018,OOCL's total volumes grew 6.9% year-on-year.Total revenues were up 7% to US$1.56bn,as the loadable capacity grew by 3.9%.The overall load factor was 2.3% higher than the same period in 2017.Overall average revenue remained flat,edging up just 0.1%.
 
3.China will further optimize the business environment at its ports to facilitate cross-border trade and promote the stable and healthy development of foreign trade, according to a recent State Council announcement.
 
4.Shanghai saw 512 calls across two port facilities in 2017, making up roughly 60% of the Chinese cruise market.
 
5.China's iron ore futures ended higher on Monday.The most active contract for January,2019 delivery finished the day session 0.65 percent higher at 538 yuan per ton. 
 
6.COSCO SHIPPING Ports Announces Surge In Revenues & Profits.It announced third quarter results of the Company and its subsidiaries for the three months ended 30 September 2018.
 
7.The organisers of Lloyd’s List Global Awards, to be held in London on 11 December, have released their shortlist of finalists. Hong Kong companies are featured highly with some star performers achieving multiple entries across a number of categories.
 
8.The Trident Alliance,an environment regulation enforcement lobby of 50-odd middling to major shipping companies,is drumming up support for strict compliance of a ban on the carriage of non-compliant fuels.
XINDE MARINE NEWS editor:Anita

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