China Shipping bulletins on November 30,2018

1.Shanghai Waigaoqiao Shipbuilding Co Ltd delivered a 400,000-ton very large ore carrier (VLOC) to China Merchants Energy Shipping Co Ltd on Wednesday.

 

2.Steel and raw material prices in China tumbled this week,with iron ore being particularly hard-hit. During Monday’s trading,the 62% Fe benchmark dropped 6% on the day to under $65 per tonne for the first time since July.Although prices seem to have stabilised at $66.4 per tonne today,they are still down almost $10 in a week.

 

3.Global demand for seaborne thermal coal will ease 2% by 2025 amid flagging imports from China and Europe.

 

4.China strikes oil and gas deals with Russia's Rosneft on November 29.

 

5.Chinese oil and gas firm PetroChina is aiming to raise the annual crude oil output to 3 million tonnes in 2021 at a newly discovered oil field in the remote northwestern Xinjiang region.

 

6.The Ukrainian government has imposed thirty days of martial law, starting on 28 November 2018 and ending on 27 December, across ten regions of Ukraine bordering Russia to the east and the Black and Azov Seas to the south. 

 

7.Global steel production grew by 62.4mt or 4.4% year-on-year during the first ten months of 2018.Growth was once again driven by China as it accounted for about 42mt of the incremental increase in output. 

 

8.Chinese-invested Panamanian port project is in smooth progress.China's Shandong-based Landbridge Group started the expansion project in June 2017 after it purchased the port situated in Panama's Colón Free Trade Zone in 2016.
XINDE MARINE NEWS editor：Anita

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