China Shipping bulletins on June 4,2019

1.China Merchants Group and State-owned Assets Supervision and Administration Commission (SASAC) Liaoning have entered into an agreement under which SASAC Liaoning will transfer 1.1% equity interest in Liaoning Port Group to China Merchants Group.

 

2.The sixth of eight new small chemical tankers ordered by the Gothia Tanker Alliance has been named in China.Featuring 18,000 dwt, Ramelia was constructed by China’s shipbuilder Avic Dingheng for Sweden-based shipowner Rederi AB Älvtank.

 

3.CSC RoRo Logistics, the car shipping subsidiary of China Merchants, has placed an order at China Merchants Heavy Industry (Jiangsu) for the construction of two 3,800 ceu car carriers.The price for each vessel is RMB271m ($39.2m). The vessels will be deployed on the Guangzhou- Shanghai- Tianjin shipping route upon delivery in 2021.

 

4.Ningbo-Zhoushan port launched the second phase construction project of Dapukou container terminal at Jintang port area to build three of the five new container berths, including one 100,000 tonnes-class container berth and two 70,000 tonnes-class berths.

 

5.The construction of the 500-kilovolt (kv) ultra-high voltage submarine cables laid beneath the Zhoushan Strait in eastern China's Zhejiang province was completed on June 2, which is expected to further promote the development of the local economy, sources said recently. 

 

6.China's coal shipment via railway edged up 0.9% compared with a year earlier in the first four months, marking its mild comeback to positive growth after decline in the first three months, according to the state planner. 

 

7.Chinese steel and steel-making raw materials fell on Monday, with construction material rebar hitting its lowest in more than two weeks, as a slew of soft data stoked concerns about demand in the short term.

 

8.China Taiyuan coal transaction price index stood at 139.98 points, up 0.06 percent week on week.The index, released by China Taiyuan Coal Transaction Center (CTCTC) based in Shanxi, a coal-rich province, reflects the coal price levels and changes in the main production areas of China.
 

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