China Shipping bulletins on February 4,2020

1.The China Council for the Promotion of International Trade issues the first force majeure certificate for coronavirus-hit businesses.

2.Freight rates for supertankers on the Mideast Gulf and U.S. Gulf routes to Asia have fallen to their lowest since mid-September as the coronavirus outbreak hit Chinese oil demand

3.IMO Published Circular Letter No.4204 - Novel Coronavirus (2019-Ncov) (Secretariat) to provide information and guidance, based on recommendations developed by WHO.

4.On a brutal morning at the markets, almost $370bn in market capitalisation was wiped off the benchmark Shanghai Composite index in the first day’s trading since the Lunar New Year holidays and the effects of the spreading coronavirus.

5.The Chinese authorities have installed TRAVEL RESTRICTIONS in the affected areas in China. Health measures, such as fever measurements are installed at Chinese airports, bus and train stations and at ports. 

6.China’s December soybean imports from the United States surged 44 times, year on year, and up 21% on the month to 3.09 million mt, according to customs data.

7.After the outbreak of novel coronavirus, Shenzhen Customs set up a special team to monitor the epidemic situation around the clock through a close cooperation with other government departments.

8.In view of the current situation of the coronavirus outbreak, OOCL are taking appropriate steps across global network in order to ensure the health and safety of staff and the continuity of high levels of service to customers.

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