1.China's new low-sulphur fuel oil (LSFO) futures contract made strong gains in its debut trade on Monday.
2.The Baltic Exchange’s main sea freight index inched higher on Monday, helped by stronger demand for panamax and supramax vessels.
3.China aims to produce 1% more crude oil this year than in 2019 and to boost natural gas output by 4.3%.
4.This year, the Day of the Seafarer campaign calls on Member States to recognize seafarers as key workers.
5.China’s production of 10 major non-ferrous metals surged 2.7 percent year on year to 24.13 million tonnes in the first five months of 2020.
6.In a landmark development, China has lost a dispute to the European Union at the World Trade Organization (WTO) for a market economy status.
7.China’s crude oil stockpiles will likely extend the uptrend to hit a new record high in June as refinery feedstock imports outpace the rise in throughput levels.
8.State-run commodity trader Zheshang Development has announced a restructuring plan to take over bulk shipping operator Zhejiang Shipping Group.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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