China Shipping bulletins on November 22,2019

1.China has signed 197 Belt and Road cooperation documents with 137 countries and 30 international organizations as at the end of October, says China's National Development and Reform Commission.

2.Seven crew members have been rescued and two remained missing after a Taiwanese cargo ship sank off the coast of the Chinese mainland province of Fujian Wednesday night.

3.Brightoil’s last VLCC, Brightoil Gem, was sold by auction online at the price of RMB403m ($57.35m), which is the most expensive vessel sold via China’s Taobao Judicial Auction Online Platform.

4.China's comprehensive import price index for liquefied natural gas (LNG) rose over November 11-17, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX). 

5.The contradiction between supply and demand in China’s steel market further eased in October, as supply shrank with cooling demand, which kept steel prices moderated, said the China Iron and Steel Association (CISA) on November 18.

6.Visitors to ALMC 2019 gain insight into gaining a positive from the negative.This was spelt out at a number of presentations at the Asian Logistics and Maritime Conference 2019 (19-20 November).

7.On the afternoon of November 21, 2019, a delegation led by Ms. Clare Petrich, Commissioner and Managing Member of the Northwest Seaport Alliance visited COSCO SHIPPING

8.China's iron ore futures finished higher on Thursday.The most active contract for January 2020 delivery finished the day session up 0.71 percent to 641.5 yuan per ton. 

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