1.Seven cruise ships have been requisitioned to support Wuhan, the epicenter of the COVID-19 outbreak, as "water hotels" for medical teams from all over the country, according to the Ministry of Transport.
2.The Hong Kong Government may be over-reacting when it comes to business at the cruise terminals during the novel Coronavirus outbreak, writes Liza Cook.
3,.The first quarter of the year was decimated by the outbreak of the coronavirus, however, Maersk foresees a V-shaped recovery could occur after normal factory production levels return in China.
4.China has ramped up fuel exports to compensate for losses to domestic demand as it grapples with the coronavirus outbreak.
5.Container cargo volumes at Chinese ports (including Hong Kong) could fall as much as 6m teu in the first quarter of 2020, estimates analyst, Alphaliner.
6.Potential risks from the fallout of IMO 2020 are lying dormant as the industry stares down the immediate challenge of a sharp downturn in global seaborne trade.
7.Hong Kong utility CLP Power has delayed the start of construction of the territory's first LNG import terminal to later this year, from an initial target of 2019.
8.The Baltic Exchange’s main sea freight index inched higher on Tuesday, marking its eighth straight session gain, as higher rates for panamax and supramax vessels outweighed lower capesize rates.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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