1.OSCO SHIPPING is focused on optimizing the allocation of shipping resources to the Pacific and Indian Oceans.
2.China's coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users.
3.Many of the world's major oil producers have agreed to extend the record oil production cuts that had helped bolster oil prices since their collapse in April.
4.The China Ningbo Containerized Freight Index (NCFI) edged up in freight indices in the Middle East routes in May.
5.China's iron ore imports in May fell 9% from April but were higher than same period a year ago supported by stable shipments.
6.The Organization of OPEC and non-OPEC ministerial meeting agreed on Saturday to extend oil production cuts by one month until the end of July.
7.China's exports rose by 1.4 percent year-on-year in yuan terms to 1.46 trillion yuan ($205.74 billion) in May, official data showed on Sunday.
8.China's crude imports soared to an all-time high last month, capping an astounding rebound in oil demand.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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