1.China's largest ocean container ship returned to Yangshan Port in Shanghai on Thursday after its 77days’maiden voyage between Far East and Europe.And there are currently five similarly sized container ships under construction in China.
2.Five months has passed since the United States slapped tariffs on Chinese aluminum imports. To offset the negative effects it brought,aluminum manufacturers in China are diverting their exports to other countries such as Canada,Japan and those in Europe.
3.The huge increase in LNG supply has so far been comfortably absorbed by rapid growth in demand. China has been at the forefront of demand growth with imports in the first half of 2018 up 50%, following 46% growth in 2017.
4.30% of maritime crude oil moves through the S.China Sea.The South China Sea is a major trade route for crude oil,and in 2016,more than 30% of global maritime crude oil trade,or about 15 million barrels per day (b/d),passed through the South China Sea.
5.China's iron ore futures settled higher on Friday.The most active contract for January, 2019 delivery ended the day session down 0.31 percent at 490.5 yuan per ton.
6.In the first half of the year,COSCO Shipping Ports' total throughput increased by 26.5% to 56,706,600 TEU,and the revenue surged by 79.7% to approximately US$495,457,000.
7.Wan Hai Lines has signed an order for up to fourteen 1900TEU container ships with two shipyards in China and Japan,with a contract value of US$538 million and will be delivered in 2020.
8.China Petroleum and Chemical Corporation (Sinopec) on Sunday reported a 53.6% year-on-year increase in net profit for the first half of 2018,mainly due to strong energy demand and higher oil prices.
XINDE MARINE NEWS editor：Anita
XINDE MARINE NEWS editor：Anita
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