China Shipping bulletins on Mar 8,2019

1.Hapag-Lloyd ordered the world’s first mega-container vessel, MV SAJIR, retrofit to LNG from MAN Energy Solutions.And the retrofit of MV SAJIR will be done at the Chinese Hudong shipyard.

 

2.The Philippine National Oil Company has joined its compatriot Phoenix Petroleum and Chinese CNOOC Gas and Power Corp. on the $2 billion LNG import facility. 

 

3.Taiwanese liner Yang Ming Marine Transport Corporation has announced the launch of two new ultra-large container vessels (UCLVs), which were officially named at Imabari shipyard on March 6, 2019.

 

4.On the afternoon of March 5, a delegation headed by Mr. Chen Hongxian, Director of Guangzhou Port Authority, visited COSCO SHIPPING and held talks with Mr. Sun Jiakang, Executive Vice President of COSCO SHIPPING. The two sides exchanged views on further improving the business environment, expanding cooperation and other issues of common interest.

 

5.Steel and iron ore futures in China edged higher in a muted session on March 6 as investors awaited catalysts, including progress in the Sino-US trade talks. 

 

6.China replaced South Korea as the world’s second-largest LNG importer in 2017, and again surprised the market in 2018 with a counter-seasonal conundrum of summer shortage and winter oversupply.

 

7.Hainan province is continuing its efforts to promote the development of the free trade zone covering the whole island, while exploring ways to build a free trade port, provincial officials said on Thursday.

 

8.China's iron ore futures finished higher on Thursday.The most active contract for May 2019 delivery finished the day session up 0.73% to 623.5 yuan per ton.