News Bulletins on January 19, 2018
 


1. China's Yangzijiang Shipbuilding has set up a ship leasing and chartering company to position itself for consolidation opportunities based in Singapore.
 
2. China's oil demand is expected to increase 4.6 percent year-on-year to 615 million tons in 2018. The country's oil consumption increased 5.9 percent annually to 590 million tons last year, the highest figure since 2011.
 
3. On January 18, Hudong Zhonghua Shipbuilding delivered the 13,000T heavy lift vessel "Industrial Fame" built for China Shipping (Hong Kong) Shipping Leasing.
 
4. Delivery ceremony for Sinotrans Shipping 38800 DWT bulk carrier (Hull No. BC 388-01) was held on Jan 18.
 
5. Global miner BHP on Thursday reported a 3% rise in second-quarter iron ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts.
 
Sources: Xinde Marine News
Editor: Carrie Zhu

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