1.China Merchants Port Group Company Limited jointed hands with China Mobile Limited Shenzhen Branch and Huawei Technologies Co., Ltd., to establish the first 5G intelligent innovation laboratory in the port industry at Haixing Wharf, with the support of the Shenzhen Municipal People’s Government. 

 

2.The Hong Kong Shipowners Association (HKSOA) has supported the recent deliberations of the 74th session of the Marine Environment Protection Committee (MEPC74) of the International Maritime Organisation (IMO) on the 2020 global sulphur cap.

 

3.China State Shipbuilding Corporation (CSSC) has settles a dispute with Norwegian owner Torvald Klaveness relating to deficiencies on a bulker built by CSSC Chengxi.

 

4.The completion of MacGregor’s acquisition of the maritime and offshore businesses of TTS Group ASA has again been postponed.In March, MacGregor announced it expected to receive approval from the competition authority in China and wrap up the acquisition during Q2 2019. However, the regulatory process in China lasts longer than expected.

 

5.Navis, a part of Cargotec Corporation, and the provider of on premise and cloud collaborative stowage planning solutions, announced that Orient Overseas Container Line (OOCL) has chosen the Navis stowage planning software StowMan for effectively stowing vessels in its container ship fleet.

 

6.Benchmark prices of construction material rebar and hot-rolled coil in China rallied for a fifth session on Tuesday, underpinned by output restrictions in the world’s top steel producer as it seeks to curb pollution.

 

7.China’s May gasoline exports fell by 27.6% on the month to around 850,000 mt, from 1.17 million mt in April, latest data released late Monday by the General Administration of Customs showed. Gasoil exports also dropped.

 

8.China’s retail sales is expected to grow at a slower-than- anticipated pace and would now overtake the United States only in 2021 as the trade war between Beijing and Washington takes a toll on demand in the Asian country, according to market researcher eMarketer.

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