China Shipping bulletins on Feb 26,2019

1.China and Saudi Arabia ink co-operation on shipping sector.Chinese President Xi Jinping met with Mohammed bin Salman Al Saud, Saudi Arabia's crown prince, at the Great Hall of the People in Beijing last Friday."The two countries should speed up the signing of an implementation plan on connecting the Belt and Road Initiative with the Saudi Vision 2030," Xi said.

 

2.Chinese leasing house ICBC Financial Leasing has listed its 2000-built panamax bulker Hai Qing for auction sale on Guangzhou Shipping Exchange.The auction will start on March 20 and the starting price for the vessel in the auction is $6.2m. MSI values the vessel at $6.6m.

 

3.Sailing the direct sea freight route between Taiwan's Kaohsiung and Fujian’s Pingtan of east China, a freighter from Kaohsiung arrived at Pingtan port on its second voyage on Sunday.

 

4.President Trump has delayed the additional Chinese tariffs, scheduled to take effect from March 1.

 

5.China's cargo throughput at ports grew by 9.1 percent to around 1.14 billion metric tons in January compared with the same period last year, official data showed.

 

6.On the afternoon of February 21, Chairman of COSCO SHIPPING Capt. Xu Lirong met with Mr. Wang Qingxian, a member of the Standing Committee of Shandong Provincial Party Committee and Secretary of Qingdao Municipal Party Committee.

 

7.China's iron ore futures ended lower on Monday.The most active contract for May delivery finished the day session 1.32 percent lower at 598.5 yuan per ton. 

 

8.Nansha International Cruise Home Port, an international cruise home port, is expected to commence operations in Nansha of Guangzhou, the capital of Guangdong province, in November this year, according to sources with the port development company.

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