1.TAIWAN's Yang Ming Marine Transport (YMM) has posed a net loss of TWD1.95 billion (US$65 million) for the first quarter of 2018, much deeper than the first quarter 2017 net loss of TWD 901.45 million.And he will seek to optimise its cost structure, strengthen competitiveness and expand global business.
2.The fully automated container terminal at the Port of Qingdao, has handled over 790,000 TEUs (twenty-foot equivalent units) within one year after its operation, the Qingdao Port Group said Friday.
3.China is sounding its trumpet of greater opening by expanding imports and reducing tariffs,which makes more and more high-quality products from all over the world enter China.And Experts said that the tariff reductions will finally turn into tangible benefits, which benefit both the Chinese people and the whole world.
4.The first direct container shipping route between Tangshan and Xiamen ports was launched as a ship loaded with containers sailed from Xiamen on May 7.
5.The Intention of North Korea's export of coal to China has surged cause the relations between U.S. and north Korea are improving.
6.China's spot iron ore prices at ports stay stable. Traders have certain desire to boost sales due to weak fundamentals. Many steel mills generally sustained normal procurement.
7.Sri Lanka’s Board of Investment approved a $500 million investment in a liquefied natural gas (LNG) plant to be developed in Hambantota by China Machinery Energy Corporation.
8.Production of a major ethylene project formally kicked off in Huizhou, Guangdong province, on Wednesday, helping the country reduce dependence on imported petrochemical products.
Sources:XINDE MARINE NEWS
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