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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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Tuesday, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
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Monday, 24 December 18
DRY BULK MARKET: CAPESIZE MARKET ON BACKFOOT AS 2018'S END DRAWS NEAR - THE BALTIC BRIEFING
Capesize Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route ...


Friday, 21 December 18
4.2 MILLION DWT OF DRY BULK SHIPS SCRAPPED UNTIL 17 DEC, DOWN 71.6% Y/Y - BIMCO
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An al ...


Thursday, 20 December 18
INDONESIAN COAL PRICES DIVERGE FROM KEY BENCHMARK - FITCH RATINGS
The Newcastle 6,000kcal coal price benchmark that is widely used to determine most coal price estimates for Indonesian coal miners has increasingly ...


Wednesday, 19 December 18
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The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Pa ...


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