China Ocean Industry Group disposing of a 60% equity interest in Nantong Huakai Heavy Industry Company at a price of RMB20m ($2.88m).
Liu Xiaoming, Vice Minister of China’s Ministry of Transport (MOT) takes over the former vice minister He Jianzhong’s role and will be responsible for maritime sector, according to the notice released by MOT.
The ongoing China-US trade war has hit container volumes from China to the US, with China containerised exports to US ports dropping by 6.5% in the first five months of 2019 compared to the previous corresponding period, according to data by Alphaliner.
Cosco Shipping Lines, the container shipping arm of Cosco Shipping Group, is to launch a service from Yangpu in Hainan, China to Yangon, Myanmar on 18 June.
He Jianzhong, Vice Minster of China’s Ministry of Transport (MOT), was responsible for shipping sector, has retired and left the position, according to the notice released by the State Council.
China Railway Guangzhou Group Foshan Freight Center has signed co-operation agreements with 20 ports and shipping companies locally to jointly develop a regional rail-waterway multi-modal transportation network.
Cosco Shipping (Nantong) Shipyard, a subsidiary of Cosco Shipping Shipyard, has established a new operation base at Rui Tai Nantong Shipyard for regional resources consolidation and management.