China Shipping bulletins on December 20,2019

1.Taishan Petrochemical entered into a sale and purchase agreement with the buyer Prime Wealth Capital Limited.

2.Deputy secretary of the Nanjing Municipal Party Committee of Jiangsu Province investigated Nanjing Jinling Shipyard.

3.CMES and Dalian Shipbuilding Industry signed the "Shipping Order Agreement" ordering 4 new 307000 DWT VLCCs.

4.New Dayang Shipbuilding successfully delivered a Crown 63 bulk carrier "LIBRA CONFIDENCE" built for AVIC Leasing.

5.The marine economy in the first three quarters of 2019 was generally stable. According to preliminary estimates, the national marine production value in the first three quarters was nearly 6.4 trillion yuan.

6.In the first 11 months of 2019, China's total value of imports and exports of trade in goods was 28.5 trillion yuan, an increase of 2.4% over the same period in 2018. 

7.China’s steel consumption is expected to hit a record in 2019, and this would then be followed by a slight decline in demand in 2020.
 

8.After nearly two days of on-site audit, Waigaoqiao Offshore successfully passed the Lloyd's Register of Construction Products Regulatory System (LRQA-CPR) supervision and audit.