China has inked the cooperation agreements with eighteen Middle Eastern and North African countries to jointly develop the Belt and Road Initiative, including Saudi Arabia, Yemen, Jordan, United Arab Emirates, Oman, Kuwait, Qatar, Egypt, Algeria, Sudan, Morocco, Libya, Somali and Tunisia and others.
China's first domestically built polar icebreaker Xuelong 2 was delivered in Shanghai, and will sail for Antarctica together with Xuelong for its maiden voyage later this year.
Cosco Shipping Heavy Industry (Zhoushan) has been contracted by Union Maritime in for two plus two 113,000 dwt aframax oil tankers.
China’s heavy equipment manufacturer, Nantong Rainbow Heavy Machineries, is acquiring German firm Koch Solutions and the two companies have signed the strategic agreement.
The Chinese city of Nantong is to develop a new port area Tongzhou Wan to strengthen its container cargo handling capacity.
China’s north port company, Qinhuangdao Port is to set up a joint venture with a number of coal, port and shipping industry players to improve coal transport and supply chain.
Cosco Shipping Heavy Industry (CSHI) and Wartsila have penned a memorandum of understanding to cooperate in the production and growth of the exhaust has cleaning market in China.
China’s Lanqiao port (Landbridge port) has inked strategic co-operation agreement with Beijing Energy Holding to jointly invest in RMB6.7bn ($973m) for the construction of LNG receiving station at Lanqiao port.
Six Chinese firms and Lloyd’s Register (LR) have signed an agreement to design and develop the first 220,000 cu m LNG carrier with a GTT Mark III membrane containment system.
China’s Jiangxi province has issued plans to consolidate local port resources and will set up a provincial port management company to push forward the process.