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China Shipping bulletins on July 18,2019


1.Taicang Port and Jintan Port, two major Yangtze river ports in Jiangsu, have signed a strategic cooperation agreement to jointly promote within the river-ocean container shipping business.
 
2.Germany joins the Hong Kong Convention for safe and responsible ship recycling.
 
3.Shanghai municipal government has announced plans to promote rail-sea transport to optimise local multi-modal transportation in the city. It is aiming for a 10% annual average growth in rail-sea transport volumes starting from 2021.
 
4.East China’s Shandong Province is giving full play to its advantages in developing the marine economy as it switches gear to new growth drivers, provincial officials said.
 
5.A greater number of containers were handled at Taicang Port in East China's Jiangsu province, neighboring Shanghai, constantly reinforcing the port's leading position in foreign trade along the Yangtze River.
 
6.Eastern China's Rizhao port plans to charge higher storage fee for coke cargoes that have long been stored at the port, sources said, as a way to alleviate the shortage of storage places. 
 
7.TOP Ships inks a financing agreement with an undisclosed Chinese financier to refinance one of its MR2 tankers.
 
8.Iron ore futures in China dropped 1.2% on Wednesday as market participants took a breather after the steelmaking raw material’s sustained rally that had brought it to the highest level since the 2013 launch of the index.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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