1.The Chinese authorities have caught four vessels for low sulphur fuel violations, the first reported cases of breaches of IMO 2020.
2.Bunker fuel prices in China are expected to be more competitive following the implementation of tax rebates on fuel oil, supporting its push to be a bunkering hub, traders said.
3.China Merchants Group’s Liaoning Port Group has taken over bankrupt Dandong Port as a local court forced the approval of a restructuring plan proposed by the government-led administrators.
4.A petrochemical terminal at Zhuhai Port in southern China suffered a major explosion and caused a massive fire today.
5.Zhejiang Wuxing Logistics and Shanghai Zhixian Transportation Shipping have formed a partnership for the investment of up to eight multi-purpose heavylift ships.
6. Chinese-led, Singapore-based maritime ecommerce platform Marine Online has launched a free chartering feature.
7.China’s crude oil imports grew by 9.5% in 2019 to 10.16 million b/d, despite a month-on-month decline of 3.8% in December.
8.Construction has started on a deep sea research center in East China's port city of Qingdao to explore frontier fields such as the origin of life on Earth.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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