1.The EY and Guardtime marine insurance blockchain joint venture company Insurwave Limited have announced a new agreement with Zhuhai Port Holdings Group Co., Ltd. to explore and collaborate on shipping logistics and marine insurance to promote frictionless trade across the Greater Bay Area and beyond.
2.With the maiden call of ms OOCL United Kingdom at Cosco Shipping Ports Terminal Zeebrugge in the early morning of May 18, a new record was set in the port of Zeebrugge.
3.China's liquefied natural gas (LNG) imports registered a surge of 35.1% from a year ago in April, latest customs data showed on May 23.
4.China’s hike in tariffs on US imports and the continued trade tensions between the two countries will negatively affect liquefied natural gas (LNG) and port sectors, according to rating agency Moody’s.
5.Cosco Shipping Lines, the container shipping arm of Cosco Shipping Group, has launched a Ulanqab-Moscow rail link through a cooperation with Neimenggu Asia-Europe International Logistics Company.
6.China’s iron ore futures extended gains on Thursday, but the upside was capped as the Dalian Exchange called for a rational trade after hitting a fresh record high in the previous trading session.
7.China is exploring more drastic action as a result of its trade fight with the U.S., according to the South China Morning Post.
8.China’s Central Commission for Discipline Inspection has launched an investigation on Li Dong, head of China’s Ministry of Industry and Information Technology (MIIT) over his involvement of illegal activities.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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