1.On December 10, the 4th Working Conference of the National Tripartite Coordination Mechanism for Maritime Labor Relations was held in Beijing. The meeting reviewed and approved the newly revised "Chinese Seafarers Collective Agreement."
2.Cosco Shipping Development has announced that its financial leasing unit Cosco Shipping Leasing has applied for loans totalling RMB1.61bn ($229m) from three banks, and the company will provide guarantees for the loans.
3.A move by the Hong Kong Government to provide tax concessions for marine insurers in Hong Kong, first promised in October 2018, is to be introduced to the Legislative Council next week.
4.The IMO 2020 sulfur regulations that take effect in three weeks’ time are starting to redefine the choice of bunkering ports and impact the cargo-carrying capacity of dry bulk ships, according to freight market participants.
5.Two state-owned petroleum firms announced that they are currently negotiating with the newly-established China Oil & Gas Piping Network Corporation (PipeChina) on asset restructuring or asset injection.
6.Kaushik Roy, quality and environment manager at China Energy Ship Management, and council member of the Hong Kong Institute of Marine Technology, has been granted Chartered Master Mariner status in a ceremony.
7.An official Omani report said on Wednesday that China remained Oman's largest oil importer in November as 92.99 percent of Oman's oil exports were taken by China.
8.Hong Kong headquartered Kerry Logistics Network Limited is deepening its presence in the Middle East by setting up a new office in Bahrain and opening a new bonded logistics facility in Dubai.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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