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China Shipping bulletins on July 1,2020

1.Hudong-Zhonghua Shipbuilding has signed contract to construct three liquefied natural gas (LNG) carriers worth 3.9 billion yuan ($551.62 million).

2.North China's Tianjin port ranked first in liquefied natural gas (LNG) imports among China's LNG import ports in the first five months of this year.
3.China Merchants Port Holdings has entered into an agreement with Fujian Transportation Maritime Silk Road Investment and Management (Fujian TMSR)

4.Norden has put pen to paper for four ultramaxes to be built at Nantong Cosco Khi Ship Engineering Co (NACKS).

5.Benchmark iron ore futures in China dropped on Tuesday on concerns of declining steel demand.

6.The long-awaited Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Ordinance 2020 (the Ordinance) finally came into effect.

7.China’s factory activity expanded at a stronger pace in June after the government lifted lockdowns and stepped up investment

8.The Baltic Exchange’s main sea freight index edged higher on Tuesday, helped by gains in supramax and panamax vessel rates.
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