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China Shipping bulletins on December 4,2019


1.At Marintec China 2019 to be held in Shanghai from December 3 to 6, CSSC will sign projects worth nearly 30 billion yuan, the first centralized signing ceremony for a large-scale shipbuilding and offshore project since the founding of CSSC.

2.On December 3, Marintec China 2019, New Dayang and China Development Bank Leasing signed a letter of intent on cooperation for eight Crown 63 bulk carriers. 

3.China's large buoy working ship Xiangyanghong 22 was delivered to the East China Sea Branch of the State Oceanic Administration in Shanghai Tuesday.

4.On the afternoon of December 2, 2019, a delegation led by Mr. Alastair Marsh, Global CEO of Lloyd’s Register visited COSCO SHIPPING headquarters in Shanghai. 

5.The following article, provided by Ince Hong Kong, outlines the circumstances behind the awarding of a precedent English Court  judgement that effectively calls a halt to the clause busting practice of trading vessels sold for scrap.

6.China’s steel purchasing managers’ index, or PMI, increased by 4.1 basis points month on month in November to reach 45.4, ending six straight months of drops.

7.The Indian Register of Shipping (IRClass) and ShipParts.com have signed a cooperation agreement to develop mutually beneficial business opportunities across the Indian and international maritime industries.

8.China's iron ore futures jumped more than 2% on December 3 after Vale SA, the world's largest iron ore miner, lowered its production outlook for the steelmaking raw material. 

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

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