1.Shenzhen Gas, a Chinese city-gas distribution company is set to launch its first fully-owned terminal in southern China.
2.Hong Kong-based Yun Lee Marine Group has entered into a subscription agreement with New Legend to subscribe 51% equity interest at a price of HKD34.5m ($4.4m).
3.The freight market rebounded on higher iron ore prices and recovered from the long holidays in Singapore and devastating typhoon off China’s coast.
4.Hong Kong’s Pacific Basin continues to add to its fleet with the acquisition of 2012-built ultramax Navios Oriana, according to brokers.
5.A new container shipping line between Qingdao and Weihai, two coastal cities in eastern Shandong province, witnessed its maiden voyage on Saturday.
6.A key part of a sea-crossing highway bridge of the Ningbo-Zhoushan Port Main Channel was completed recently.
7.The U.S. State Department said that it will use an anti-terrorism law to deny visas to seafarers who work aboard vessels carrying Iranian oil.
8.A delegation headed by Mr. Huo Gaoyuan, Chairman and Party Secretary of Shandong Port Group, paid a visit to COSCO SHIPPING.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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