1.The Maritime and Port Authority of Singapore (MPA) has won the 2019 Innovation Excellence Award, affirming its innovation capabilities to drive transformation in the maritime sector.
2.Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced the launch of CVK service (China-Vietnam-Cambodia Service) with effect from October 21st, 2019.
3.China's iron ore futures finished higher on Tuesday.The most active contract for January 2020 delivery finished the day session up 0.76 percent to 657 yuan per ton.
4.Taiwanese shipping line Evergreen has signed shipbuilding contracts with South Korean yard Samsung Heavy Industries (SHI) for the construction of six 23,764 teu mega containerships.
5.The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, recorded its best day in a month on Tuesday, bolstered by higher demand for all vessel segments.
6.The 2019 China Marine Economy Expo will be held in Shenzhen, south China's Guangdong Province, from Oct. 14 to 17 and bring together industry heavyweights.
7.In the week ending Oct-4, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 572.0 points.
8.The regulation – IMO 2020 – will force ocean carriers to use more expensive, cleaner fuel, or install expensive scrubbers which reduce pollution.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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