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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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Wednesday, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as decli ...


Wednesday, 19 December 18
GLOBAL SHIPPING SCOUTS FOR FUTURE GROWTH - PETER SAND, BIMCO
Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we sh ...


Wednesday, 19 December 18
SHIPPING MARKET INSIGHT - INTERMODAL
As another year is coming to an end, it is interesting to look at the main shipping markets and how these performed compared to 2017.  &nb ...


Tuesday, 18 December 18
COAL DEMAND WILL REMAIN STEADY THROUGH 2023, INTERNATIONAL ENERGY AGENCY SAYS - TOM DICHRISTOPHER, CNBC
Coal consumption is on the rise but will remain roughly stable over the next five years, the International Energy Agency forecasts. ...


Tuesday, 18 December 18
DRY BULK: IN ABSOLUTE TERMS, ALL MAIN SIZE SEGMENTS SAW THEIR ACTUAL VOLATILITY FIGURES DECREASE - ALLIED
Since the beginning of 2016, when the dry bulk market reached its absolute bottom, freight rates have been ever since on an upward trajectory. Taki ...


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