Chinese owners seek to join Baltic Exchange

The China Shipowners’ Association has applied for membership to the Baltic Exchange for the first time.

The move comes as the country’s owners and operators engage further with the London-focused shipping indices provider and the Baltic seeks to maintain its influence.
“It reflects the more outward-looking approach of China in the context of shipping and it reflects the good standing of the Baltic in China,” said Baltic Exchange chief executive Jeremy Penn.

Chinese finished steel product exports decline in July MoM

According to the data from the Chinese customs authorities, in July Chinese finished steel exports declined in volume while the volume of iron ore imports increased, both as compared to the month of June.
In July China finished steel exports totaled 4.55 million tonnes, 1.07 million tonnes less than in June but up 151.38%YoY. In the January to July period, the country total finished steel exports reached 28.13 million tonnes up by 152.1%YoY.