1.The whereabouts of Yangzijiang Shipbuilding’s chairman has sent the rumour mill into overdrive and saw its share price go through the floor yesterday. 24 hours after calling for a halt to its stock trading on the Singapore Exchange, China’s largest private shipbuilder is keeping a tight lip on the details of the trading suspension.
2.Hong Kong-listed CSSC Shipping, the leasing arm of China State Shipbuilding Corporation (CSSC), has announced that the company has entered into sale and leaseback deals for two 1,400 teu containerships.
3.China's coastal bulk freight market saw an overall decline in demand in July, according to the Shanghai Shipping Exchange (SSE).
4.Northeast China's Liaoning Province is taking various measures to drive new business and boost trade and connectivity with northeastern Asia and Europe.
5.Oil prices continued to rise on Friday, wrapping up the week with a two-day rebound, as the number of U.S. active oil rigs declined sharply this week.
6.The Standard Club has expanded its presence in Greater China after its Singapore based subsidiary, Standard Asia, gained authorisation earlier this year to carry on insurance business in Hong Kong.
7.A number of container lines, including Hong Kong’s Orient Overseas Container Line, have recently announced measures to discourage shippers from mis-declaring hazardous cargoes, which is a practice strongly suspected as being either the cause of, or at least contributory to, the spate of container ship fires in recent months.
8.Chinese first half port container throughput was up 5.1 per cent year on year to 127 million TEU, according to Ministry of Transport data, reports New York's FreightWaves.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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