1.China Merchants Energy Shipping (CMES) has decided to carry out a 6.57 billion Chinese yuan ($952 million) asset acquisition which includes equity in five Arctic LNG carriers.
2.The Tokyo and Paris MoUs on PSC have been working collaboratively to ensure that vessel owners and operators are aware that under the Authorities belonging to these MoUs, inspections will be undertaken to ensure compliance with the new sulphur limit requirements.
3.BIMCO is publishing its view of the escalated tension in the Persian Gulf, as well as advice regarding the new sanctions clauses, and encourages owners, operators and charterers to follow the operational and contractual guidance set out in this article.
4.On the afternoon of January 19, Chairman and Party Secretary of Bank of China (BOC) Mr. Liu Liange visited COSCO SHIPPING.
5.The long-standing executive director of the Hong Kong Liner Shipping Association, Roberto Giannetta became chairman of the Association effective 15 January,HKLSA announced.
6.China's iron ore futures finished higher on Tuesday.The most active contract for May 2020 delivery finished the day session up 0.07 percent to 671.0 yuan per ton.
7.A modern transportation system combining land, water and air traffic is taking shape in Yantai, said Mayor Chen Fei.
8.The final quarter of 2019 marked a massive decline of high-sulphur fuel oil (HSFO) sales, as the industry transitioned into compliance of the International Maritime Organization's (IMO) 2020 Sulphur Cap (IMO 2020).
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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