1.Sinopec Shanghai Petrochemical Co.,Ltd.began to produce low-sulfur heavy marine fuel oil from January 18,becoming the first domestic refining and chemical enterprise to produce the oil.On January 23,the first batch of 6,000 tons of fuel oil was shipped from the factory,and the global ship fuel supply center of Sinopec Fuel Oil Company will be responsible for the trial of ships on international routes.

 

2.Sinochem International Logistics has signed a sale-and-leaseback deal with China Huarong Financial Leasing (Huarong FL) for a newbuilding chemical tanker.

 

3.China's iron ore futures ended higher on Monday.The most active contract for May, 2019 delivery finished the day session 2.80 percent higher at 550.5 yuan per ton. 

 

4.Incidents of piracy and armed robbery increased in 2018, according to the latest annual piracy report from the International Chamber of Commerce’s International Maritime Bureau (IMB). The IMB reports a marked rise in attacks against ships and crews around West Africa.

 

5.The Clean Shipping Alliance (CSA) 2020 has called upon the global maritime industry not to single out scrubber wash waters when coastal states and port authorities adopt local regulations to lessen the impact of ship operations on their ports and harbours.

 

6.Singapore's Splash247 quotes a weekly report from Braemar ACM shipbroking as saying CMA CGM is ordering ten 15,000-TEU ships from Hudong-Zhonghua and Shanghai Waigaoqiao Shipbuilding.

 

7.China's steel and iron ore futures dipped on January 23 following a broader sell-off across riskier assets, pressured by persistent concerns over weak demand amid a slowing global economy. 

 

8.On the afternoon of January 22, 2019, Capt. Xu Lirong, Chairman of COSCO SHIPPING, held talks with the Prime Minister of Georgia H.E. Mamuka Bakhtadze in Davos, Switzerland during the World Economic Forum Annual Meeting 2019. 

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