1.Under the influence of typhoon Rumbia,heavy rain and strong wind began to hit Bengbu City in east China's Anhui province on Friday afternoon,forcing nearly 300 cargo ships to anchor the ship lock as the Bengbu lock along the Huaihe River lacked navigation conditions.
2.On the afternoon of August 20,China Merchants Group and Sinopec signed a strategic cooperation agreement.The two sides will devote to their respective advantages and carry out strategic cooperation in the fields of energy transportation,comprehensive logistics,e-commerce platform and financial services and so on.
3.The Yangtze River runs through some of China's most economically developed regions, but reaching the ocean from some of those areas has always been something difficult. Now a newly designed ship used specifically for ferry between ports along Yangtze River and the ocean makes shipping and transportation easier.
4.In the spirit of the Belt and Road Initiative,a Chinese investment in Spain is proving beneficial to both sides.China's COSCO Shipping Ports became the major shareholder in Noatum Port Holding in Spain in late 2017,operating important southeastern and northern Spanish ports of Valencia and Bilbao,as well as two railway terminals in Zaragoza and Madrid.
5.HONG KONG shipowner SITC International Holdings has posted a 7% year-on-year increase in first half net profit to US$91.8 million,drawn on revenues of $692.8 million,up 7.3%.And it noted its average freight rate was up by 9% year on year to $522.9 per TEU.
6.Tian En,COSCO's multi-functional ship,is delivering wind power equipment to ports in France,the Netherlands and Sweden.This year,China will have seven ships pass through the Arctic's Northeast Passage.In a white paper declaring its Arctic policy earlier this year,China pledged to further cooperate with other countries to jointly build the Polar Silk Road.
7.The Cemtex Pioneer, a vessel carrying U.S. soybeans that was caught up in the China-U.S. trade row, has left east China's port of Nantong near Shanghai, according to shipping data on Thomson Reuters Eikon on Sunday.
8.China's iron ore futures close higher Monday.The most active contract for January 2019 delivery ended the day session up 1.71% at 506.50 yuan per ton.
XINDE MARINE NEWS editor：Anita
XINDE MARINE NEWS editor：Anita
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