1.China's business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the country's broader economic resumption.

2.Chinese oil and gas company CNOOC Limited has made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil field in Laibei lower uplift

3.Saudi Arabia was not bluffing when it said it would focus on crude-oil market share. New tanker charter contracts at extremely high rates confirm that a large wave of Saudi oil is definitely en route.

4.Chinese steel futures hit their highest in nearly two months on Monday on signs of a recovery in demand.

5.Jotun and Kongsberg Maritime have jointly developed a remotely operated robotic hull cleaning system.

6.A surge in demand to ship the flood of crude oil unleashed by Saudi Arabia and its OPEC peers is sending freight rates surging and forcing buyers to seek out space on smaller tankers after the largest ones have been booked out.

7.Hong Kong's Orient Overseas Container Line (OOCL), now a Cosco unit, has announced another voided sailing resulting from the low market demand.

8.Spot rates for shipping containers from Asia to northern Europe in the week ending last Friday fell 0.4 per cent to US$827 per TEU.

Source:Sarah Yu,XINDE MARINE NEWS

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