1.Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut.
2.IMO Secretary-General Kitack Lim has asked the United Nations system agencies to support IMO in its request to governments to declare seafarers, port personnel and other crucial maritime workers as key personnel.
3.On 31 January, the US government removed sanctions on a large Chinese tanker entity which, among other geopolitical factors, had lifted the market in Q4 2019.
4.On 30 March 2020,with activating the push button of the steel cutting machine in the Yantai shipyard,CIMC Raffles formally starts the construction of No.1 vessel of the world biggest LNG powered.
5.China will grant quotas for refined oil products to non-state refineries in the Zhejiang Pilot Free Trade Zone.
6.China's ports and shipping firms are bracing for a second wave of supply chain disruptions that may be deeper and more prolonged than during the country's coronavirus lockdown.
7.The China shipping prosperity index (CSPI) sank to an historic low in the first quarter of 2020.
8.On March 30, Capt. Xu Lirong, Chairman of COSCO SHIPPING, paid a visit to Mr. Chen Hao, Secretary of the Yunnan Provincial Party Committee in Kunming.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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