1.Eight Chinese seafarers on fishing vessels may have been hijacked by pirates in Cotonou and Lome.
2.Chaozhou Yatai Shipping has listed its 2012-built 76,000 dwt panamax bulker Ya Tai 3 for auction sale on Guangzhou Shipping Exchange.
3.Cosco Shipping Development has announced that its subsidiary Cosco Shipping Leasing plans to apply for a RMB400m ($56m) credit facility from Bank of Beijing.
4.Chinese shipyards are staging a sharp recovery and many are operating close to normal.
5.In the week ending May-15, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 706.4 points, slightly falling by 0.2% against last week.
6.Brazil's state-run Petrobras sees no need for cuts in oil production, executives say, as the market for its crude remains robust in China.
7.Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed.
8.China's index of export container transport dipped in the past week, according to the Shanghai Shipping Exchange.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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