1.IMDA, M1 Limited and MPA have partnered with Airbus and to conduct coastal 5G standalone (“SA”) network trials at the Singapore Maritime Drone Estate.
2.Wah Kwong takes another stride in its business strategy to serve as a bridge of maritime expertise for mainland shipping companies.
3.The Legislative Council passed the government bill to amend the IRO to introduce a new tax regime to promote ship leasing and ship leasing management in Hong Kong.
4.EPS managed to bag a very firm price for its youngest ultramax,the one-year old,Chinese built 61,200 dwt Divinegate,sold for just under $23m.
5.Vale shipped a larger proportion of its iron ore products to China at the expense of Europe and other Asian customers in April.
6.China's two largest state-run shipbuilding conglomerates CSSC and CSIC are both shuffling their top management as part of their ongoing merger process.
7.Oil prices dropped considerably on Thursday as investors grew concerned over a re-acceleration in virus infections.
8.China’s qualified independent and non-major state-owned refineries are likely to receive their third batch of crude import quotas by the end of June.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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