1.China-U.S. West Coast container rates continue their astonishing climb. Not because of too little vessel supply, but because of too much import demand.
2.Thousands of employees at the Kwai Tsing Container Terminals are scheduled to be tested for COVID-19 following an outbreak of the virus.
3.Hong Kong Seaport Alliance has released a list of proposed remedies in order to address concerns raised by Hong Kong’s competition authority.
4.CSSC has announced that its subsidiary Jiangnan Shipyard has entered into a letter of intent with Japanese owner Kumiai Senpaku for the construction of a 40,000 cu m LPG carrier.
5.Norway’s Solstad Offshore has been awarded a contract with an EPIC contractor for the charter of 2010-built construction support vessel Normand Baltic.
6.China has rolled out more measures to protect foreign trade entities and keep supply chains stable against the economic fallout of the unabated COVID-19 pandemic.
7.Oil prices fell on Thursday after the International Energy Agency (IEA) lowered its forecast for global crude demand in 2020.
8.Copper prices eased on Thursday as concerns over supply from South America receded and seasonally weak demand in top consumer China resurfaced.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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