China Shipping bulletins on June 18,2019

1.Taiwan’s state-owned CPC Corporation said that it is expected to receive the first liquefied natural gas cargo from Shell’s Prelude FLNG facility off Australia in October.

 

2.Cosco Shipping Bulk has signed a strategic agreement with Conch Logistics, the logistics unit of China’s largest cement producer Anhui Conch Group.The companies will for a partnership that will see the two parties jointly develop in the cement logistics business.

 

3.Chinese new energy firm Zhongneng and Singapore’s precision aluminum product manufacturer AEI Corporation have entered into a framework agreement for the proposed collaboration on LNG business along Yangtze River.

 

4.Portugal's first largest artificial and deep-water port, the Port of Sines recently played host to a delegation from the Yantian Port, accompanied by the Embassy of the People's Republic of China in Lisbon.

 

5.Chinese bulker operator Ningbo Marine Ningbo Marine has sold its 1986-built 26,900 dwt handysize bulker Fu Xing 12 to individual buyer Liu Tianyan as a scrap vessel for a price of RMB17m ($2.45m) as part of its fleet optimisation plan.

 

6.CNOOC Petroleum Europe has exercised a one-well option for Maersk Drilling jackup rig Maersk Innovator which is drilling infill wells at the Buzzard field on the UK Continental Shelf.

 

7.On the morning of 17th June, a delegation led by Mr. Yoshinori KANEHANA, Representative Director President and CEO of Kawasaki Heavy Industries, visited COSCO SHIPPING headquarters. 

 

8.Dalian iron ore pulled back on June 17 from last week's record-peak, as market participants shrugged off a further decline in inventory of the steelmaking raw material at China's ports and focused instead on the outlook for shipments from Brazil. 
 

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.