1.Chinese shipbuilders took the top spot worldwide in terms of new orders in the first quarter of the year 2019.

 

2.The Asian Shipowners’ Association has applauded Japan’s ratification of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.

 

3.In order to maintain the navigation order in Fuzhou water area, enhance the traffic efficiency and ensure the navigation safety, China MSA has recently issued a notice regarding the implementation of Ship Routing System and Ship Reporting System in Minjiang River Estuary, which will take effect from 1 June 2019 and valid for five years.

 

4.China's crude oil futures settled lower on Wednesday.The most active contract for May 2019 delivery was lost 0.66 percent to 475.7 yuan per barrel, data from the Shanghai International Energy Exchange showed. 

 

5.Yang Ming signs charter agreements with Shoei Kisen Kaisha for four 11,000 TEU containership newbuilds.

 

6.Despite salvors having offloading all the fire damaged containers from the containership Yantian Express vessel remains in Freeport, Bahamas, as some shippers have not posted General Average and Salvage security for undamaged containers.

 

7.BW Group Chairman Andreas Sohmen-Pao recommends a fuel tax in order to bring down shipping's CO2 emissions. However, Maersk COO Søren Toft says that timing is crucial.

 

8.Among the world's ten largest ports, nine were in Asia last year, according to a survey by Alphaliner. China in particular sits on a large part of the global trade.

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