1.The Chinese cruise industry is working on initiatives to stabilize its business environment including negotiating pricing agreements,said Qiang Wu,co-chairman of the China Cruise and Yacht Industry Association and former president of China State Shipbuilding Corporation, speaking at China Cruise Shipping 13.
2.China's Sinopec and China National Petroleum Corporation(CNPC) are speeding up drilling and exploration from major tight and shale oil and gas formations in the country's western regions to boost domestic output,according to company reports on November 5.
3.China's LNG price increased by 1.6% to 4,548.4 yuan/t($657.7/t) averagely over October 20-31 compared with mid-October,showed data from National Bureau of Statistics(NBS) on November 5.
4.Hong Kong-headquartered intra-Asia specialist,SITC has made another foray into the newbuildings market with an order for three 2,700 teu boxships from Yangzijiang Shipbuilding. The total cost is US$87.9m.
5.Marshall Islands flag has issued a marine safety advisory (MSA #26-18) highlighting dangers associated with transport of ammonium nitrate based fertilizers.
6.China's iron ore futures settled higher on Monday.The most active contract for January 2019 delivery finished the day session up 0.88 percent at 515.5 yuan per ton.
7.Many companies that have pledged massive investments in Zhanjiang,such as German chemical giant BASF,which plans to invest $10 billion in a fine chemical project,are participating in the upcoming China Marine Economy Expo(CMEE) in Zhanjiang,Guangdong province.
8.Spot rates for shipping containers from Asia to northern Europe in the week ending Friday decreased 1.2% to US$752 TEU,according to the Shanghai Containerised Freight Index(SCFI).
XINDE MARINE NEWS editor：Anita
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