1.Privately-owned shipowner SITC International announced its 2019 financial report. For the year ended December 31, 2019, revenue was approximately US $ 1.554 billion.

2.China's southern coal import region of Xinsha in Guangdong province has issued verbal notices to local shipping agents and traders to restrict seaborne thermal coal arriving after March 16.

3.Costa Cruises announced on Friday it will be suspending all of its global voyages until April 3 in the wake of the novel coronavirus disease (COVID-19) outbreak around the globe.

4.The number of container-related vessel calls at the major container hub of Shanghai and Yangshan have picked up and are again tracking figures seen this time last year.

5.Severe congestion at Chinese ports is easing, although a logjam of refrigerated containers has disrupted supplies of fresh and frozen food and pushed up freight rates outside China.

6.China's coastal bulk freight market has seen a decline in general demand in the week ending Friday, according to the Shanghai Shipping Exchange (SSE).

7.The oil price to drop over 30 per cent creating a price contango which traders and oil companies alike attempted to capitalise on with storage enquiry. 
 

8.Asian spot LNG prices rose for a second straight week as low prices attracted buying interest but gains were capped by supply flooding the market.

Source:Sarah Yu,XINDE MARINE NEWS

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