1.China will increase export tax rebates on almost 1,500 products from March 20, the finance ministry said on Tuesday, as the government looks to ease the pressure on companies hit hard by the coronavirus outbreak.

2.Mediterranean Shipping Co. said it is puzzled by the presence of high-sulfur fuel oil (HSFO) on board the MSC Joanna during port calls at Jebel Ali last week.

3.On March 17, the contract signing ceremony of two new 52000DWT bulk carriers for Jiangsu New Yangzi Shipbuilding and Shanghai Huayuan Shippinog was held.

4.Port construction fees levied on importers and exporters will be waived from March 1 to June 30, said a circular jointly released by the Ministry of Finance and the Ministry of Transport Monday.

5.Shipbuilder China Merchants Heavy Industry (Jiangsu) is building a new cruise vessel for owner Changjiang Cruise Overseas Travel.

6.Taiwan has finished the land reclamation project at the Port of Kaohsiung to facilitate the building of the new mega ship Intercontinental Container Terminal (ICT).

7.Benchmark steel futures in China pulled back on Tuesday after hitting near two-month highs in the previous session on rising worries over the coronavirus pandemic.

8.Maersk has, due to the consequences of the coronavirus, suspended all crew changes until April 14, the company tells union Co-S?fart.

Source:Sarah Yu,XINDE MARINE NEWS

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