1.China National Offshore Oil Corporation (CNOOC) has reportedly declared a force majeure on LNG contracts due to disruptions caused by the coronavirus outbreak.
2.Container port volumes in China could take an estimated hit of 6 million TEU in the first quarter of 2020 from the impact of the coronavirus.
3.China decided to lower the rates of additional tariffs levied on about $75 billion in imported goods from the United States starting Feb 14.
4.Hong Kong’s Centre for Health Protection of the Department of Health yesterday (February 5) said that subsequent to the notification of confirmed cases of novel coronavirus infection involving eight travellers from the Mainland.
5.China's Yuanwang Fleet fulfilled the maritime transportation of the Long March-5B carrier rocket, which is scheduled to launch the prototype of China's new manned spaceship in April.
6.Offshore wind power is among the new energy forms, having the highest generation cost and thus enjoying a large amount of government subsidies, but the sector has now made it to the forefront in facing a new round of subsidy cuts.
7.Freight forwarders are warning of space shortages once factories resume operations in China, prompting some ocean shippers to switch transportation modes to air or rail freight.
8.China's crude oil futures closed higher on Thursday.The most active contract for April 2020 delivery up 2.35 percent to 409.1 yuan per barrel.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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