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China Shipping bulletins on October 9,2018


1.As an epitome of the achievements made by China's reform and opening up,the Ningbo-Zhoushan Port has developed into the world's first international port which handles one billion tons of cargoes a year. 
 
2.China's CNOOC plans to expand its LNG project in eastern Jiangsu province to meet rising demand from more regions.
 
3.COSCO takes measures to ensure compliant of the sulphur cap.And the company is planning to introduce new bunker charge,surcharge or freight adjustment to offset the increase of bunker cost.
 
4.China's largest shale gas field "Fuling" had produced a total of 20 billion cubic meters of shale gas as of Saturday. 
 
5.Localization has become a key to Chinese firms'success with more and more Chinese investors establishing companies in countries in Europe.Cosco focuses on localization for success in Europe.
 
6.Ratings agency AM Best last week awarded Cosco Shipping Captive a Financial Strength Rating of A(Excellent).AM Best characterised as very strong reflecting thecompany’s performance, neutral business profile and the support from its parent,China Cosco Shipping Corp.
 
7.China's iron ore futures closed higher on Monday.The most active contract for January 2019 delivery ended the day session up 1.01% at 498 yuan per ton. 
 
8.Thanks to the COSCO investment,Piraeus shot up the rankings to become the world's 38th-busiest container port,from 93rd in 2010.During this period,the port has witnessed its handling volumes grow about seven-fold.
XINDE MARINE NEWS editor:Anita

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