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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, 30 November 18
GOVT MULLS REQUIRING MINERS TO TURN COAL INTO GAS - THE JAKARTA POST
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Friday, 30 November 18
SUPRAMAX: N. CHINA TO INDIA OR SE ASIA SUPRAS ARE GETTING PAID AROUND US$ 6000 - FEARNLEYS
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Thursday, 29 November 18
NEW IMSBC CODE REQUIREMENTS AIM TO CONTROL LIQUEFACTION OF COAL CARGOES - GARD
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Wednesday, 28 November 18
SHIPPING MARKET INSIGHT - GEORGE LAIOS
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Tuesday, 27 November 18
PANAMAX AND SUPRAMAX INDICES WITNESSED A DECLINE OF JUST BELOW 14% IN THEIR MEAN ON A MONTH-ON-MONTH COMPARISON - ALLIED SHIPPING
A month of sharp corrections and great asymmetries for the dry bulk sector, with the overall overview of the market shipping rapidly from a state o ...


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