Ningbo Municipal Government News

London's Baltic Exchange and Chinese state-owned Ningbo Shipping Exchange said on Friday they would collaborate on container indices, the first foray by the Baltic into this segment of the freight market. Sources told Reuters in early October that the London Metal Exchange, which is owned by Hong Kong Exchanges and Clearing , had made an informal approach to the Baltic to acquire it. In a first step, Ningbo's weekly containerised freight index - which tracks rates on various routes - would be published on the Baltic's website, the exchanges said. A Baltic spokesman said it would work with Ningbo to do "more in the container space". Baltic chief executive Jeremy Penn said separately the move underlined its "ever-closer ties with the Chinese market".

The Ningbo Nottingham International Academy for Marine Economy and Technology (IAMET) has been officially launched at a ceremony at The University of Nottingham Ningbo China (UNNC). A partnership between The University of Nottingham, Wanli Education Group and Ningbo Municipal Government, the Academy will build on Ningbo’s marine-related activities and support the city’s 12-year plan, a focus of which is the marine economy. The marine economy is one of China’s key strategic development areas.