China Shipping bulletins on Apr 25,2019

1.Drilling and engineering contractor KCA Deutag has been awarded an extension to its existing contract with CNOOC Petroleum Europe for the Scott platform in the UK North Sea.

 

2.COSCO England, a Neopanamax containership owned by COSCO Shipping Lines, collided with another vessel while berthing at a port in Malaysia.The incident occurred at Port Kelang on April 21, 2019, according to a statement issued by Westports Malaysia.

 

3.During the interview between Xinde Marine News and the Chairman of the Board of Directors of Tangshan Worldwide Ship Equipment Co., Ltd., Senior Captain Cao at 9th April at Sea Asia, Captain Cao expressed that EGCS installation is a future trend.

 

4.China's crude oil futures settled higher on Wednesday.The most active contract for June 2019 delivery gained 0.70 percent to 497.0 yuan per barrel, data from the Shanghai International Energy Exchange showed. 

 

5.China will soon release guidelines to push mergers and restructuring plans for the steel industry to facilitate the creation of larger and stronger groups that can compete in the global market, according to a report by the Economic Information Daily. 

 

6.Chinese steel and iron ore futures fell on April 24,pressured by concerns over weak demand in the country's south where the rainy season is about to kick off.The most-active construction steel rebar contract on the Shanghai Futures Exchange dipped 1% to 3,741 yuan/t ($556.53/t) as of 0206 GMT. 

 

7.ABS, Google Cloud and SoftServe completed a pilot project applying artificial intelligence (AI) models to detect levels of corrosion and coating breakdown on ships and offshore structures.

 

8.Chinese shipyard Jiangsu Zhenjiang Shipyard Group has held a steel-cutting ceremony for four new Azimuthing Stern Drive (ASD) tugs.

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