1.LGM Engineering, formerly known as Gloryholder LGM, has secured a deal to supply an LNG fuel gas supply system to Dalian Shipbuilding Industry (DSIC).
2.CSSC (Hong Kong) Shipping Company released it full year financial results for 2019, boasting a 26.3% increase in net profit to HK$892.24m (US$115.87m).
3.Edward Liu, legal director with Hill Dickinson Hong Kong, has been appointed as a member of the region’s Advisory Committee on Promotion of Arbitration.
4.Chinese iron ore futures picked up on Tuesday, fueled by demand hopes after the world’s second-biggest economy reported an unexpected growth in its factory activities in March.
5.The UK has designated seafarers as key workers, Singapore is allowing crew changes with a number of caveats, while measures have been put in place today to allow crew to land and board ship in Hong Kong.
6.SMM estimates that there were 69 vessels carrying 11 million mt of iron ore arrived at major Chinese ports during March 22-28.
7.Russian President Vladimir Putin and his US counterpart Donald Trump reached an agreement in a phone call on Monday to have their top energy officials discuss ways to shore up the battered oil market.
8.China's crude oil futures finished higher on Tuesday.The most active contract for June 2020 delivery up 6.59 percent to 265.3 yuan per barrel.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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