1.Coal handling of Huanghua port, one of major coal transfer ports in northern China, reached 18.75 million tonnes in June.
2.China's coastal bulk freight market has seen a decrease in general demand in the week ending Friday, according to the Shanghai Shipping Exchange (SSE).
3.China bought so much foreign oil at dirt-cheap prices this spring that a massive traffic jam of tankers has formed at sea waiting to offload crude.
4.Hong Kong's Orient Overseas Container Line (OOCL), now a Cosco unit, has restored two transpacific sailings that were cancelled on June 18.
5.Hong Kong-based Rare Earth Insurance Partners yesterday (2 July) announced that from 1st July, Wang Wei will take over as CEO.
6.In the week ending Jul-3, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE).
7.Pacific Basin expects to incur a one-off non-cash impairment charge of US$198m on its fleet of handysize ships.
8.Chinese state-run shipping conglomerate Cosco Shipping Group has inaugurated a corporate university in Qingdao for shipping talent development.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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