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China Shipping bulletins on December 13,2019


1.JinkoSolar Holding yesterday announced that the Company has signed an agreement with COSCO SHIPPING Lines (Greece) S.A. (“COSCO”) to use the Greek Port of Piraeus as a distribution hub.

2.Mr. Fu Gangfeng,Director of the Board and President of COSCO SHIPPING, was invited to the 13th China-LAC Business Summit and address the session “Connectivity – Opportunities and Challenges in Jointly Building the Belt and Road by China and LAC”.

3.China took a green path in power generation during the 2014-2018 period, with the continuous expansion of clean energy production, the fourth national economic census showed.

4.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.

5.Attractive steel margins and a relative lack of pollution controls are having a marked impact on the iron ore procurement preferences of China’s steel mills in December ahead of the Lunar New Year holiday that falls early in 2020, on January 25.

6.Benchmark iron ore futures edged lower in early trade on Thursday as concerns resurfaced over demand prospects for the steelmaking raw material in top steel producer China.

7.The Baltic Exchange’s main sea freight index fell for a seventh-straight session and hit an over two-week low on Thursday, weighed down by sluggish demand for capesize vessels.

8.China's crude oil futures closed lower on Thursday.The most active contract for February 2020 delivery down 0.06 percent to 466.4 yuan per barrel, data from the Shanghai International Energy Exchange showed. 

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

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