1.CSSC Marine Service Co (CMS) has completed the first ever major overhaul on two WinGD X-DF engines in only nine days.
2.Cosco Shipping Energy Transportation (CSET) has set up a new tanker subsidiary in Hainan as part of its strategy to develop its shipping business in the region.
3.The northern Chinese port city of Tianjin saw its foreign trade increase by 23.8 percent year-on-year to more than 73.2 billion yuan ($10.5 billion) in June, local authorities said.
4.The grand cable-stayed bridge, a section for the Nansha Port railway, has finished its final stayed cables installation on Wednesday.
5.Crude oil futures closed lower Thursday in daytime trading on the Shanghai International Energy Exchange.
6.Chinese key steel mills saw a mild rise of 0.36% in daily output of crude steel in mid-July (July 11-20) compared to previous ten days.
7.Congestion at China’s east coast oil ports that is adding to costs for shippers and importers is likely to run well into August.
8.Methanol bunkering is being touted as a viable option for achieving maritime decarbonization and its prospects are set to receive a further boost.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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