1.A unit of China's State Power Investment Corporation has purchased stakes in two plants as part of a Brazilian LNG-to-power project located in Rio De Janeiro.
2.Norden has added two more ultramaxes to its series under construction at Nantong Cosco KHI Ship Engineering (NACKS).
3.Singapore-based tanker owner Xihe Group has appointed V.Group as the technical manager of 16 vessels in its tanker fleet.
4.CHINA-US freight rates were up three per cent last week, even though volumes were expected to be down, reported the American Journal of Transportation.
5.Hong Kong's Competition Commission has offered the operation a green light subject to a number of commitments offered by the operators.
6.The leader of the world's largest container shipping group predicts that trade will recover quickly to pre-pandemic levels and grow slowly but steadily thereafter.
7.In July 2020, six incidents of piracy¹ and armed robbery against ships² were reported in Asia.
8.The International Maritime Organisation (IMO) will hold all its meetings virtually through to the end of the year.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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