China Shipping bulletins on November 25,2019

1.China's cargo throughput at ports climbed 8 percent year-on-year to 11.5 billion tons in the first 10 months, official data showed.

2.The official launch of the International Chamber of Shipping’s (China) Liaison Office was celebrated during the Hong Kong Shipowners Association annual cocktail reception at the Conrad Hotel last night (21 November).

3.On 12-15 November 2019, at the invitation of BAHRI OIL, the National Tanker Transportation Company of Saudi Arabia, Mr Wang Yongxin, President of CMES, headed for Dubai to attend the BAHRI OIL annual general meeting and participated in a series of business activities.

4.Chinese steel production dropped by one million (1m) tons, a decline of 1.2%, compared to October last year. China produced 81m tonnes of crude steel in October 2019. This is the first decline in steel production year-on-year (y-o-y) since December 2017.

5.Newly established Chinese port business operator, Shandong Port Group, plans to form eight group companies to further promote logistics business locally.

6.London-based International Chamber of Shipping (ICS), the largest shipping lobby group in the world, has opened its first overseas office in Hong Kong.

7.The China Ningbo Containerized Freight Index (NCFI) has seen a significant drop in freight indices in the Australia and New Zealand route due to decline of shipment demand.

8.China's iron ore futures finished higher on Friday.The most active contract for January 2020 delivery finished the day session up 2.20 percent to 650.5 yuan per ton. 

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