China’s coal imports down 33.8% y/y

China’s coal imports fell 33.8% year on year (y/y) to 121.1 million tonnes in the first seven months of 2015, with its import value down 47% y/y to USD7.7 billion.
Coal imports dropped 8.8% y/y in July to 21.3 million tonnes, but jumped 28.1% y/y compared with June, according to Chinese Customs’

Evergreen orders 10 box ships at CSBC

Taiwanese carrier Evergreen on 10 August signed a deal with China Shipbuilding Corporation (CSBC) to build 10 2,800 teu container ships.
The first ship will be delivered in the second half of 2017, and the whole series will be completed by the first half of 2018. The vessels will be deployed in the

White Humpback Spotted Off Australia

By MarEx 2015-08-10 20:12:18

A rare white humpback whale was spotted off the coast of Queensland, Australia, on Monday. Whale watchers believe it may be the offspring of Australia’s famous whale Migaloo.

Migaloo, a name giving by Aboriginal elders that means “white fella,” is one member of a rare group of white whales that have been seen swimming in Australian waters.

Migaloo was thought to be the only known all white whale in the world up until September 2011 when an all white baby humpback calf was spotted.


China’s Leading Shipowners to Merge

By MarEx 2015-08-10 19:55:06

China Ocean Shipping Group (COSCO) and China Shipping Group are planning a merger, on government orders.

Local media reports indicate that Beijing ordered the two state-run companies to come up with a roadmap to merge on Thursday. The plans are expected to be ready within three months.

Together, mainland China’s two largest shipping and logistics companies control 11 listed companies in Shanghai, Shenzhen, Hong Kong and Singapore.

These include China Cosco Holdings with container and dry bulk fleets, China Shipping Development (CSD) with dry bulk and tanker fleets and China Shipping Container Lines (CSCL), a purely container ship entity.

COSCO and CSCL rank as the world’s sixth and seventh largest carriers respectively by fleet size according to Alphaliner. COSCO is a member of the CKYHE alliance, whereas CSCL has a pact with CMA CGM and United Arab Shipping.

Combing their fleets will give rise to the world’s fourth-biggest container line, although the move may raise anti-trust issues in some jurisdictions.

A share trading halt for COSCO and China Shipping Group came into effect on Monday.