China Shipping bulletins on July 9,2020

1.Chinese state-run shipping giant Cosco Shipping has entered into an agreement with Alibaba and its fintech affiliate Ant Group.

2.Chinese dry bulk carrier operator Ningbo Marine has secured a certification from China Maritime Safety Maritime allowing the company to operate oil tankers.

3.The entire assets of bankrupt Zhejiang Shipbuilding have been sold in one package deal through an online auction arranged by Ningbo Ship Exchange Market today.

4.There is so much oil in floating storage in China’s ports that they can’t even bring it all onshore.

5.At about 0800hrs on 7 July 2020 (Singapore time), MPA was informed by the Malaysian authorities that three persons had fallen overboard from a craft approximately 2.1 nautical miles off Tuas.

6.The continuing recovery in China’s swine sector and poultry production growth are expected to push up soybean meal use for feed during 2020-21 marketing year (October-September).
 

7.CNCo will separate out its dry bulk shipping activities from its liner shipping and fleet management business and establish Swire Bulk as a standalone privately held company head-quartered in Singapore.

8.The Baltic Exchange’s main sea freight index slipped on Wednesday, as falling rates for capesize vessels offset gains in the panamax and supramax segments.

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