1.Coronavirus infections on a cruise ship moored near Tokyo rose to 621 people on Wednesday as passengers began disembarking following a contentious two-week quarantine that some foreign health experts said appeared insufficient to stop the spread.
2.State-owned oil and gas companies are ramping up efforts to help domestic companies resume production to ease the impact of the novel coronavirus outbreak and maintain economic stability.
3.Box throughput at the Port of Hong Kong tumbled 20.4% in January as supply chains originating from the Mainland collapsed in the face of the novel coronavirus which is wreaking havoc at the epicenter in Wuhan.
4.China has released measures to help firms that export their goods resume production and stabilize trade growth by mitigating the impact of the novel coronavirus pneumonia outbreak on the economy.
5.The coronavirus epidemic has already disrupted economic growth in China and a further spread to other countries could derail a “highly fragile” projected recovery in the global economy in 2020, the IMF warned on Wednesday.
6.The Baltic Exchange’s main sea freight index rose on Wednesday as rates improved across all vessel segments, even as shipping activity remained subdued due to the coronavirus outbreak in China.
7.Hong Kong's OOCL, now a Cosco unit, has announced a number of cancelled transpacific sailings in response to low demand in addition to those voided in the February 14 customer advisory.
8.China's iron ore futures finished higher on Wednesday.The most active contract for May 2020 delivery finished the day session up 1.10 percent to 645.5 yuan per ton.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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