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China Shipping bulletins on December 4,2018


1.China's marine economy saw steady progress with the gross ocean product rising 6.8 percent year on year to near 6 trillion yuan ($864.6 billion) in the first three quarters, data showed Monday.
 
2.Chinese President Xi Jinping visited the Panama Canal's new Cocoli Locks together with his Panamanian counterpart, Juan Carlos Varela, in Panama City on Monday.And Xi talked on phone with the captain of COSCO Shipping Rose.
 
3.Blue Whale 1, the ultra-deep-water semisubmersible drilling rig,built by China Yantai CIMC Raffles Offshore,stood out from 2,528 entries to become one of the 10 winners of the "2018 China excellent industrial design award" at China's industrial design exhibition.
 
4.Spot rates for shipping containers from Asia to northern Europe in the week ending Friday increased 1.2% to US$747 per TEU, according to the Shanghai Containerised Freight Index (SCFI).
 
5.Russian oil giant Rosneft said that China National Chemical,known as ChemChina,agreed to purchase 2.4 million tons a year of crude oil.That amount is equivalent to 6% of Rosneft's total exports to China in 2017.
 
6.Prices of Chinese steel products and steelmaking ingredients soared more than 6% on December 3 as US-China trade ceasefire.
 
7.US exports to China reduced by 96%.US exports between September and October are less by 41%, as well as the exports to China(96%).However,there is an increase to shipments elsewhere(86%).
 
8.A feeder container ship loaded with 130 LNG tank containers sailed from the Port of Yangpu of Hainan Province to the Port of Jinzhou in November.This is part of an LNG trial project; China's first-ever attempt to transport the surplus capacity of Hainan terminal to its northern part via LNG tank containers.
XINDE MARINE NEWS editor:Anita

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