1.China will build its first liquefied natural gas bunkering center for international vessels in the city of Shenzhen as part of a deal signed on Wednesday.
2.COSCO SHIPPING Energy Transportation resolved to approve the proposed merger by absorption by the Company of COSCO SHIPPING Tanker.
3.China Tianjin Container Freight Index (TCI), an indicator of northern China's international container freight rates, remained at 546.55 points on Wednesday.
4.A liner ship belonging to China United Lines Ltd (CULines) arrived at the third phase of the container wharf at Nansha Port on May 30.
5.The lack of ullage at the tank farms of China’s key Qingdao port has forced VLCCs arriving at the port to wait for up to three weeks before being able to discharge their cargoes.
6.China's appetite for Brazilian barrels has remained strong over the last couple of months.
7.China's oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year.
8.Brazil's Vale SA expects iron ore shipments to China to rise in 2020 versus 2019 due to falling demand in other countries hurt by the coronavirus pandemic.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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