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China Shipping bulletins on December 16,2019


1.The China Coast Guard Thursday said its emergency hotline has been operated smoothly since the service was launched in July.

2.On December 12,overseas buyers bid on the Guangzhou Shipping Trading Platform via the Internet, and the ship "GO PHOENIX" was sold for $ 1.7 million.

3.The LeesGreen ship ballast water management system (BWMS) obtained China's first new G8 certificate issued by CCS.

4.Global Ports Holding, the world's largest cruise port operator, is seeking to expand in Southeast Asia and intends to acquire terminals in this region in a bid to target huge Chinese cruise market.

5.The celebration ceremony of Shandong Port Qingdao Port's container throughput exceeding 20 million TEUs in 2019 was held.

6.New Dayang transformed into a state-owned enterprise may usher in a big change of "reborn"! Sumec Marine will will integrate the company's industry resources, market resources, and financial resources of listed companies to empower New Dayang Shipbuilding.

7.Crude prices have risen after the Opec+ group of producer countries agreed to add an extra 500,000 b/d of cuts to its current agreement, from 1 January. This, and higher freight costs, have helped pull up premiums for crude traded on a delivered ex-ship Shandong basis.

8.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.

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

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