China Shipping bulletins on August 5,2019

1.Beijing has spent $144bn on its ports since 2012. It now wants to spend that money more wisely. Jason Jiang reports from Shanghai.

2.A new luxury ro-ro passenger vessel built by Guangzhou Shipyard International Company Ltd for Sansha city in South China's Hainan province was officially delivered for use after a signing ceremony was held in Hainan's Wenchang city on Wednesday.

3.The chief executive of the Hong Kong Federation of Insurers, Peter Tam has resigned after 15 years as head of the secretariat of Hong Kong’s largest insurers association.

4.The Royal Thai Navy is currently preparing to actively invest 12 billion baht (about 386 million US dollars) to purchase a second S-26T submarine from China.

5.The Hong Kong Federation of Insurers yesterday (1 August) offered a revised estimate of the cost of the damage inflicted by the super typhoon Mangkhut that ripped through the territory on 16 September 2016.

6.Shanghai Port Group (600018) released its semi-annual report for 2019. From January to June, its operating income was 17.199 billion yuan, a year-on-year decrease of 1.78%. The net profit attributable to shareholders of listed companies was 4.373 billion yuan, an increase of 29.14% over the same period last year.

7.From January to June 2019, China's fuel oil imports amounted to 8,242,800 tons, a year-on-year increase of 4.89%. The export volume was 5.0624 million tons, down 9.23% year-on-year.

8.In the first half of this year, Tianjin Port’s “Sunshine” price dropped by another 10%, port container throughput increased significantly, and the function of the northern international shipping core area improved significantly.

Please Contact Us at：

admin@xindemarine.com