1.China Cosco Shipping Corporation executive vice president Wang Haimin said "Carrier costs are down, its up to logistics to cut expensest" at TPM Asia conference in Shenzhen this week.
2.SMM estimates that 83 vessels carrying 13.8 million mt of iron ore arrived at major Chinese ports during September 29-October 5, up 2.54 million mt from the week ended September 21.
3.The administrators of bankrupt Chinese shipbuilding group JES has listed the company’s assets in one package for sale via online auction on October 15.
4.A Chinese-funded port under the Belt and Road initiative is now in its initial stages of construction in the prime location of Sao Luis, the capital of the state of Maranhao.
5.Coal exports of Australia's Gladstone port to China plunged 80.12% from a year earlier to the lowest level since March 2016, amid ongoing uncertainty of Chinese import restriction on Australian coal.
6.Ahead of HKMW there has been a breakthrough agreement with mainland China that in the months and years ahead will boost the attractiveness of Hong Kong as the arbitration centre of choice.
7.COSCO ENGLAND suffered a strong wind from the anchorage of the Vladivostok last night.
8.Pangaea Logistics Solutions confirmed the implementation of an alternative order at GSI, adding two 1A ice-class 95,000 dwt bulk carriers at a cost of approximately $37.7 million.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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