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China Shipping bulletins on May 8,2020


1.IMO has sent a recommended framework of protocols for ensuring safe ship crew changes and travel during the COVID-19 pandemic to all IMO member-states.
 
2.Greek owner George Procopiou's Dynacom Tankers has declared an option for the construction of a 158,000dwt suezmax tanker at China's New Times Shipbuilding.

3.China will further stabilize foreign trade while fully evaluating the uncertainties related to the COVID-19 outbreak, as the trade volume between January and April dropped 4.9 percent.

4.US oil prices continued to rise Tuesday, buoyed by an anticipated increase in demand as the economy slowly restarts following the government-imposed lockdown.
 
5.China's comprehensive import price index for liquefied natural gas (LNG) fell last week, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX).

6.China’s crude oil imports rebounded in April from a month earlier on daily basis as refiners ramped up output amid a recovery in fuel demand.
 
7.China’s coal imports in April surged 35% from a year earlier, as traders scrambled to snap up low-cost coal from the seaborne market.

8.Huanghua port plans to build another six wharfs to relieve capacity shortage and handling overload that have been plaguing the port for long.

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

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