1.Chinese state-run shipping giant Cosco is ordering up to 30 newcastlemax bulk carriers at domestic yards to support its long-term shipping project with Aluminum Corporation of China (Chalco), marking the largest ever bulker order placed by the company.
2.HONG KONG (AFP) - Hong Kong's port, which once vied with rival Singapore for global dominance, has slipped out of the world's top five busiest shipping container terminals for the first time, new data has revealed.
3.China's manned deep-sea submersible Jiaolong is scheduled to dive 7,000 meters into the Marianas Trench in the western Pacific Ocean, the world's deepest known natural trench, in July as part of the country's effort to make its mark in exploring the mysteries of that dark world.
4.The major chunk of global energy supply growth is expected to come from renewables and natural gas over the next two decades, but steep investment in oil exploration and production will be needed to meet crude demand in 2040.India, China to Lead Rapid Growth in Energy.
5.In the presence of Messrs Wang Haimin and Cyrille Bolloré, Cosco Shipping Lines and Bolloré Transport & Logistics have signed on January 29,2019 a strategic Memorandum of Understanding in Shanghai.The two companies want to densify their commercial relations while exploring new opportunities for cooperation in transport, logistics and port infrastructure.
6.China’s iron ore imports climbed 5.3% in January from December, customs data showed, supported by strong restocking demand at steel mills ahead of the week-long Lunar New Year holiday this month.
7.Mediterranean Shipping Co (MSC) is said to have approached shipyards in China for a series of neo-panamax containerships, amid doubts over five ships in its chartered-in orderbook.
8.Maritime research consultancy Drewry believes that the industry’s supply-demand balance will benefit from a reduced appetite for Ultra Large Container Vessels (ULCVs) among the major carriers, some of which now have their eyes fixed on a bigger prize of becoming global logistics integrators.
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