1.COSCO SHIPPING LINES signed LSFO supply agreement with Double Rich Limited on 28th of March, 2019. According to the agreement, Double Rich limited will provide fuel oil with sulfur content not exceeding 0.5%m/m conforming to the regulation of IMO for COSCO SHIPPING LINES in order to assist the fleets of COSCO SHIPPING LINES to better fulfill the amendment of ANNEX VI in MARPOL, which has been adopted by IMO.
2.BEIJING, March 28(Xinhua)- Over 60 countries have said they would send navy delegations to participate in a multinational navy event hosted by China in late April,a spokesperson for the Ministry of National Defense said Thursday.The event will be held in the eastern coastal city of Qingdao to commemorate the 70th founding anniversary of the Chinese People's Liberation Army Navy,spokesperson Wu Qian said at a press conference.
3.The Marseille Fos port authority and Chinese Silicon Giant--Quechen Silicon Chemical have signed an agreement ratifying the company's intention to construct a €105 million ($118 million) processing plant on a 12-hectare site in the Fos industrial zone.
4.Taiwanese boxship line Evergreen has seen annual profit shrink away as costs rose.The company said net earnings for 2018 were just TWD 78.5m ($2.54m), down from TWD 6.66bn in 2017.
5.China National Offshore Oil Corp, the nation's largest producer of offshore oil and gas, produced 27.73 billion cubic meters of natural gas and imported 26.42 million tons of liquefied natural gas in 2018, making it the country's second-largest natural gas supplier and biggest LNG importer in the country.
6.China's crude oil futures settled lower on Thursday.The most active contract for May 2019 delivery was lost 1.24 percent to 453.2 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed.
7.Hong Kong-based Kerry Logistics turned in a sterling 2018 performance with a net profit of HK$1.326bn (US$168.8m), an increase of 12% over 2017’s HK$1.183bn. The rise in net profit was fuelled by a 24% increase in revenue to HK$38.14bn.
8.Chinese state-run shipbuilding conglomerate China State Shipbuilding Corporation (CSSC)’s listing platform, CSSC Holdings, has announced plans to initiate restructuring for three of its subsidiary yards and its marine propulsion business ahead of what looks increasingly like a mega merger with its northern neighbour, China Shipbuilding Industry Corporation (CSIC).
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