1.The coronavirus did not have a major impact on volumes for Chinese ports in January, with the northern port group of Shandong reporting 121 million tonnes of cargo throughput.

2.Patrick Jany joins A.P. Moller - Maersk as Chief Financial Officer (CFO) and Member of the Executive Board. 

3.Tianjin Port has announced that an accounting official of its wholly owned subsidiary Tianjin Port Coke Terminal has been arrested by authorities for alleged corruption activities.

4.China's bunkering hub of Zhoushan has imposed restrictions on vessels from other regions in an attempt to curb the spread of the coronavirus, prompting concerns among fuel oil suppliers about a shortage of barges.

5.The amount of molten iron daily production affected by maintenance at steelmakers has climbed from 78,700 mt to 220,000 mt over the extended Chinese New Year holiday that ended on February 9.

6.After showing strong returns for owners in January, the Americas clean tanker market has slumped in February as impacts from the coronavirus cut oil product demand into Asia。

7.The Baltic Exchange’s main sea freight index inched higher on Wednesday, helped by an uptick in rates for panamax vessels, but sentiment remained negative as the coronavirus outbreak disrupted vessel shipments.

8.China's iron ore futures finished higher on Wednesday.The most active contract for May 2020 delivery finished the day session up 3.16 percent to 619.5 yuan per ton.

Source:xinde marine news

The opinions expressed herein are the author's and not necessarily those of The OLO News.