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Thursday, 06 December 18
CHINA REVISES MANAGEMENT RULES ON ESTABLISHMENT OF FULLY FOREIGN-OWNED SHIPPING BUSINESSES - XINHUA
Foreign shipping companies will find it easier to establish wholly-owned subsidiaries in China thanks to a revised regulation due to take effect on Jan. 1, 2019.
 
The newly revised decision, endorsed by the ministries of Commerce and Transport, stipulates that the two ministries will be responsible for managing rather than approving the set-up of fully foreign-owned shipping companies in China.
 
Applicants can go through relevant procedures with business supervisors as required by the Law on Foreign-funded Enterprises and other related administrative rules, said the management rules on the set-up of wholly foreign-owned shipping companies.
 
The process was previously named “the management rules on the approval of wholly foreign-owned shipping companies.”
 
To qualify for engaging in business operations, foreign companies must follow corporate registry rules to get business licenses from the industrial and commercial administrative departments and obtain a business permit from the departments in charge of transportation.
 
The previous stipulation requiring the proportion of Chinese employees staying above 85 percent at wholly foreign-owned shipping companies has been removed.
Source: Xinhua


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Friday, 04 January 19
FOCUS IS ON BOOSTING COAL PRODUCTION: INDIAN COAL MINISTER
The current focus of the government is on boosting production from operational coal mines, according to Minister for Coal, Piyush Goyal. ...


Thursday, 03 January 19
CAPESIZE: A MORE POSITIVE START OF THE NEW YEAR THAN EXPECTED FOR THE BIG SHIPS - FEARNLEYS
Capesize A more positive start of the new year than expected for the big ships, with average gains of  US$ 500/day posted on the first tra ...


Tuesday, 01 January 19
INDONESIA: COAL PRODUCTION EXPECTED TO EXCEED THIS YEAR'S TARGET - JP
Indonesian coal production reached 456 million tons up to Thursday or 94.02 percent of this year’s total target of 485 million tons, accordin ...


Monday, 31 December 18
THE INDONESIAN COAL MARKET Q1 '19 FORECAST: LOOKS DIRECTIONLESS - TRADER
The Indonesian coal market looks directionless, an International coal trader said when we asked him to give his forecast for 1Q' 2019.  ...


Monday, 31 December 18
GLOBAL COAL DEMAND GREW BY 1% IN 2017; GLOBAL COAL POWER GENERATION INCREASED BY OVER 250 TWH - IEA
After two years of decline, global coal demand grew by 1% in 2017 to 7585 Mt as stronger global economic growth increased both industrial output an ...


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