China Shipping bulletins on November 5,2018

1.CMA CGM announced that as from October 1st, 2018,the 0.50% sulphur limit will be applicable to the ports of Shanghai and Ningbo in the People’s Republic of China. For this reason the company will implement low sulphur surcharge to these areas,to ensure the sustainability its services.

 

2.China’s Zhenhua Oil,a unit of Chinese defense conglomerate Norinco,has purchased its first LNG cargo from energy giant Chevron.

 

3.China's September Iran crude imports fall 34%.

 

4. China’s imports from the US pick up in September as the first shipments of the new marketing season start to arrive in Chinese ports. However,this year’s imports from the US totalled 132,248 tonnes in September.That compares to 937,100 tonnes during the same month last year.

 

5.Total vessel operating costs in the shipping industry are expected to increase by 2.7% this year and by 3.1% in 2019,according to shipping consultant Moore Stephens' latest annual Future Operating Costs Survey.

 

6.The all-weather strategic cooperative partnership between China and Pakistan will be strengthened with a firm commitment to building the China-Pakistan Economic Corridor,including the landmark Gwadar Port,according to a joint declaration released on Sunday.

 

7.In hosting its 13th edition of World Ocean Week,the port city of Xiamen in East China's Fujian province has put its stamp on becoming an international platform for the marine economy especially in terms of the Belt and Road Initiative, according to senior officials.

 

8.As China's push for clear skies sends the world's biggest steel industry hunting for better quality iron ore,suppliers in India are ramping up capacity to cater to the growing export market,according to the unit of Moody's Investors Service in India.
XINDE MARINE NEWS editor：Anita

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