1.According to Xinhua, the government of Nepal is working to send two government teams to China, to study the possibility of Chinese ports being used as a third country trade. This step follows Nepal and China's signed protocol concerning the transit transport agreement.
2.The recently formed Hong Kong Seaport Alliance is looking to reclaim 2m teu of volume from its competitors in the region by 2020, Group managing director of Modern Terminals, Peter Levesque declared in an address to the American Chamber of Commerce in Hong Kong today (10 May).
3.Shanghai Shipping Maritime Technology, a wholly-owned subsidiary of Cosco Shipping Shanghai branch, opens up a new ship repair base in Zhoushan, Zhejiang province.Zhao Bangtao, general manager of Cosco Shipping Shanghai said that it established the new ship repair base is part of the company’s business consolidation and optimisation plan. He said it would improve the company’s integrated service capability and efficiency.
4.Today, the largest container ships afloat carry international trade between several Chinese ports to several European ports, sailing at comparatively low speeds. While super-size ships incur very low transportation costs per container, the extended time-durations-in-transit between Eastern Asian and Western European ports has prompted a segment of the market to seek faster delivery of containers.
5.Taiwanese bulker operator Wisdom Marine is looking to dispose of more aging vessels this year as part of the company’s fleet optimisation plans.The company said it has already sold one vessel this year and planned to sell another five vessels.
6.On May 8, the IAPH 2019 World Ports Conference with the theme of “Collaborate Now, Create Future”had its grand opening at Baiyun International Convention Center in Guangzhou. Executive Vice President of COSCO SHIPPING Mr. Yu Zenggang attended the conference
7.China’s Cosco Shipping Holdings Co. is eyeing Singapore’s Pacific International Lines as a potential takeover target as it looks to expand its footprint in developing markets.Cosco recently bought part of debt-ridden PIL’s container-manufacturing business, and executives at the Chinese carrier believe they could wrap up a deal for the entire business if PIL’s owners decide to sell, people with direct knowledge of the matter said.
8.China’s container transport for export purposes continued to contract last month due to weak demand during low seasons, according to a report released by the Shanghai Shipping Exchange.The average China Containerized Freight Index (CCFI) came in at 799.65 in April, down 3.8% from the previous month.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
Please Contact Us at：
admin@xindemarine.com
.gif)
