1.On February 28, Yangzijiang Shipbuilding Group announced its financial results for the fourth quarter of 2019, with total revenue of 4.8 billion yuan.

2.Alfa Laval PureBallast 3 has become one of the first non-Chinese ballast water treatment solutions to be type approved by the China Classification Society.

3.Qingdao Maritime Court published the announcement regarding a vessel mortgage contract dispute between the plaintiff National Bank of Greece S.A. against the defendant Blue Laoura Maritime S. A.

4.CNOOC has been working on shoring up operations to ensure oil and gas security for domestic companies that have been resuming production to ease the impact of the novel coronavirus outbreak and maintain economic stability.

5.Fitch Ratings predicts a short lifetime for the rise in seaborne thermal coal prices, caused by a supply disruption at Chinese coal mines amid prevention measures against the COVID-19 outbreak.

6.The Baltic Exchange's main sea freight index inched up on March 2, helped by strong demand for panamax and supramax vessels.

7.The sharp slump in global crude demand, China in particular, due to the coronavirus outbreak has compelled several trading companies and cargo-holders to resort to floating storage, mainly on VLCCs.

8.Cargo traffic at China's sea ports is expected to have dropped by six million TEU owing to the prolonged Lunar New Year holiday, a move implemented by the Central government to curb the spread of the coronavirus

Source:xinde marine news

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