China Shipping bulletins on July 2,2020

1.China's Jiangnan Shipyard held a keel laying ceremony on Tuesday for the first of two Exmar’s very large gas carriers.

2.CSSC Shipping has secured a ten-year term loan facility of $123.46m to refinance the acquisition of seven vessels.

3.COSL, the offshore service unit of CNOOC, has fixed charter contracts for two newbuild PSVs at Waigaoqiao Shipbuilding.

4.OOCL proudly received the Fuel Efficiency Award at the Seatrade Maritime Awards Asia 2020 for its achievement in fuel savings and efficiency improvements. 

5.An international summit called to address the crew change crisis brought about by coronavirus pandemic lockdowns will be held in London on July 9.

6.The annual import quota for seaborne coking coal at China’s major coking coal port, Jingtang has been nearly exhausted.
 

7.Oil product tankers earnings have skyrocketed in the first half of 2020, while the sale and purchase (S&P) activity of the oil product tanker market has slowed to the lowest level since 2016.

8.Chinese manufacturing activity strengthened in June but the leading indices provided further evidence that the country’s steel market recovery will be largely domestically-driven.

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