1.Singapore's struggling oil giant, Hin Leong, is expected to get the cash it needs most, and Sinopec may be interested in acquiring its stake in Universal Terminal.
2.China's marine fuel market has in the recent days got a much-needed boost due to a rise in valuations for the product in Singapore.
3.Cosco Shipping Energy Transportation has announced that the board has approved a plan to order three 174,000 cu m LNG carriers at Hudong-Zhonghua.
4.COSCO SHIPPING Ports announced first quarter results of the company and its subsidiaries for the three months ended 31 March 2020.
5.On the afternoon of April 23, PPA S.A. donated a total of 80,000 masks and 288 bottles of antiseptic to four municipalities surrounding the Port of Piraeus in Greece.
6.In March 2020, STI released by the Ningbo Shipping Exchange showed that the import and export trade index was 122.54 points, down 3.92% year-on-year.
7.China's March crude oil imports from top supplier Saudi Arabia fell 1.6% from a year earlier, while purchases from No.2 supplier Russia rose 31%.
8.Chinese iron ore futures recovered on Monday, gaining as much as 0.7% to 612 yuan ($86.50) a tonne in early trade.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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