1.Chinese energy giant Sinopec is planning to build a fleet of 100 barges over the next three years as part of its mission to become a major regional supplier of the IMO 2020-compliant VLSFO.
2.China will make a billion-dollar investment in the Brazilian port of Sao Luis via China Communications Construction Company, two sources with direct knowledge of the matter said on Wednesday.
3.China Merchants RoRo Transportation Company (Guangzhou), a joint venture between China Merchants Energy Shipping and GAC Business, has been launched in Nansha free trade zone, Guangzhou.
4.China's LPG imports rebounded in September to 1.77mn t, up by 6.5pc from the previous month as demand rose on the back of falling import costs.
5.Cosco Shipping Lines (Europe), the Hamburg-based affiliate of Cosco Shipping, has established Diamond Line, a wholly-owned subsidiary incorporated in Germany in July, to take over the intra-Europe trade.
6.Maritime companies looking to digitalisation need to identify pain points requiring solving and not view it as a magic wand that will transform operations overnight.
7.OceanRail Logistics, part of China’s Cosco Shipping Group, has acquired a 60% equity stake in Piraeus Europe Asia Rail Logistics (PEARL) as part of its plan to further develop its intermodal transport service network.
8.Cosco Shipping International Singapore has announced the appointment of Zhu Jiandong as chairman of the board, replacing Gu Jinsong, who has been transferred to Cosco Shipping Bulk as managing director.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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