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China Shipping bulletins on November 29,2018


1.HONG KONG's Modern Terminals Limited(MTL) and Singapore's PSA International have signed on to blockchain cargo documentation systems to speed delivery and reduce fraud.
 
2.China will leverage on its successes in developing a vibrant blue economy to promote global cooperation in areas that advance the green agenda,food security,peace and stability,an official said late Tuesday during a side event at the blue economy summit underway in Nairobi.
 
3.China's iron ore futures settled higher on Wednesday.The most active contract for January 2019 delivery ended the day session up 0.96% to 471.5 yuan per ton. 
 
4.Maritime courts play an important role in providing judicial guarantees for international shipping and international trade, according to Luo Dongchuan, vice-president of the Supreme People's Court(SPC),who was speaking at a maritime judicial conference in Ningbo,Zhejiang province,on Nov 22.
 
5.Major LNG pipe networks of the top three state-owned Chinese oil firms have been interconnected in Binhai New Area in Tianjin.
 
6.Amendments to the IMSBC Code will take effect on 1 January 2019.
 
7.Shanghai Waigaoqiao Shipbuilding Co Ltd delivered a 400,000-ton very large ore carrier (VLOC) to China Merchants Energy Shipping Co Ltd on Wednesday.
 
8.With the industry's eyes firmly fixed on the 2020 sulphur cap, shipowners might be paying less attention to installing a ballast water system. But time will run out to comply with the ballast water regulation and delaying to the last minute could be costly.
XINDE MARINE NEWS editor:Anita

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