1.It may not be one of the world's largest container carriers, but it is still remarkable that Taiwanese Wan Hai has been able to deliver a profit in the second quarter – unlike all its competitors.
2.COSCO (China Ocean Shipping Company) Netherlands, a giant Chinese merchant vessel, is sailing on the Indian Ocean towards Greece and plans to finally reach Valencia, Spain on Aug. 31.
3.Steel production in China reached a new high in July, the third monthly record in the last four months. According to the latest figures released by the National Bureau of Statistics total crude steel production was 81.24 million tonnes in July, up 1.3% month-on-month and 9.6% year-on-year.
4.Zhoushan builds hub for river-ocean cargo.The Zhejiang Ocean Port Development Commission, which oversees the building of the center, said that in 2020 a total of 350 million tons of cargo are expected to be handled by ocean-river transportation, with the transaction volume of bulk commodities such as iron ore and soybeans doubling from 2017 to 1.14 trillion yuan ($166 billion).
5.Oil prices went down on Tuesday as the market was pressured by a strengthening U.S.dollar.
6.BP aims to open more gas stations in China, as the country has further opened up its market to foreign companies.
7.China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada.
8.China and Panama welcome a big development in shipping industry.The Panama Maritime Technology Seminar (Dalian) was conducted in Dalian Maritime University (DMU) on August 6,2018.And after the meeting,xinde marine news conducted a brief interview with Mr Nicolas Saval Zimmermann,the Consul General of the Consulate General of Panama in Shanghai.
XINDE MARINE NEWS editor：Anita
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