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China Shipping bulletins on September 20,2019


1.Recently, Jiangsu Port Group plans to form a new Jiangsu Ocean Shipping Company,to speed up the integration of shipping assets, deepen the reform of shipping management system.

2.Shandong Shipping Corporation,Shandong Marine Energy,and  DNV-GL signed a strategic cooperation agreement at Qingdao International Shipping Center,and the three parties will further strengthen cooperation.

3.2M Alliance members Maersk Line and Mediterranean Shipping Company (MSC) have added a port call in Nansha - in southern China's Guangdong province - to its US east coast service via the Suez Canal to New York, Charleston, Savannah, Miami and Freeport, Bahamas.

4.On September, 18, 2019 local time, CMSK held Cooperation Agreement Signing Ceremony with KISC in Shekou. 

5.Global spare production capacity is not enough to compensate for the decline in Saudi Arabia’s oil production after the recent attacks on two of the country’s oil facilities.

6.RFIB Group Limited, the international insurance and reinsurance broker, has said that its Hong Kong subsidiary has been admitted as a member of the Hong Kong Confederation of Insurance Brokers.
 
7.The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell for the 11th consecutive session on September 19.
 
8.Spread between high-low sulphur fuel oil has widened sharply in recent weeks as preparations ahead of the January 1 deadline gathered pace.


The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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