China Shipping bulletins on April 9,2020

1.The maiden voyage ceremony of AG3 of Qingdao Port,Shandong Port Group,THE Alliance was successully held in Qingdao.

2.Korean shipbuilders are reportedly outrun by Chinese rivals in a race to win a 1.35-trillion-won order for six 23,000-TEU super-large container carriers from Hapag-Lloyd.

3.World's largest LNG bunkering vessel built by Hudong Zhonghua completes gas trial.

4.Supertanker freight rates have fallen after last week’s highs as industry participants await the outcome of a meeting of oil producers on Thursday.

5.On April 6, China Merchants Group President Hu Jianhua inspected Mawan Smart Port to learn about the progress of the project and epidemic prevention and control. 
 

6.World trade is expected to fall by between 13 percent and 32 percent in 2020 as the COVID-19 pandemic disrupts normal economic activity.

7.China's iron ore futures finished higher on Wednesday.The most active contract for Sept 2020 delivery finished the day session up 17 yuan per ton.

8.Yangzijiang Shipbuilding’s 66-year-old executive chairman Ren Yuanlin has stepped down to pursue other career opportunities.

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