Qingdao: Qingdao is on course to be the latest port city to offer a shipping index. Speaking with our sister site, Wang Junyao, the secretary-general of the Qingdao Shipowners’ Association, said the association is in talks with the Shanghai Shipping Exchange to launch a Qingdao Shipping Index and a shipping finance platform. More details should be made clear by the end of this year.
Wang also urged fellow owners to work more closely together rather than constantly eroding profits by undercutting on rates. The full article can be accessed here. [05/11/14]