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China Shipping bulletins on April 16,2020


1.China will exempt Chilean enterprises from VAT on their income from international transport business in China by ships or aircraft.

2.CMES has placed an order with Jinling Shipbuilding for four open hatch bulk carriers.

3.China will be the leader in autonomous shipping by 2025, technology research and innovation consultancy Thetius predicts in a new research report on the sector.

4.On April 14, China Yangtze Shipping Group's 1st quarter performance meeting was held through videoconferencing. 
 
5.Iron ore futures closed higher on Wednesday in daytime trading at the Dalian Commodity Exchange (DCE).

6.While oil price plunges will impact the global economy, China is likely to boost its oil reserves amid the bargain price environment.

7.China will create fresh momentum for exports in e-commerce and processing trade, and will actively respond to foreign restrictions.

8.China restocking has seen capesize rates post impressive gains in recent days,finally approaching breakeven levels.

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

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