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China Shipping bulletins on August 5,2020


1.Bunker fuel demand in Hong Kong is seen falling around 10% in August from July due to a new 14-day quarantine rule deterring ships from making bunker-only calls at the port.

2.Representatives from flag, coastal and port authorities from China, Denmark, Finland, Japan, the Netherlands, Norway, Republic of Korea, and Singapore met at a virtual event on 4 August 2020 to launch the MASSPorts initiative. 
 
3.ADNOC Logistics & Services (ADNOC L&S) announced today the formation of a new strategic joint venture (JV) with Wanhua Chemical Group (Wanhua).
 
4.From July 29 to 30, China Merchants Group Chairman Miao Jianmin paid a visit to Xu Huimin, Secretary of Nantong Municipal Party Committee.

5.Shell has entered into separate agreements with Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing for the charter of a total of six 174,000 cu m LNG carriers.

6.Port of Duqm to receive the first container of COSCO Shipping Line.

7.China bought only 5% of the targeted $25.3 billion in energy products from the United States in the first half of 2020.
 
8.Prices for iron ore and coking coal, two key raw materials in steelmaking, delivered into China have moved in opposite directions since April this year.

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

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