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China Shipping bulletins on February 21,2020


1.Hudong Zhonghua will compete with three giants of South Korea for Qatar's first batch of 80 LNG carriers with a total value of up to US $15 billion.

2.Two of the largest VLECs ever ordered are now under construction to ABS class at Jiangnan Shipyard following a successful joint development effort.

3.A.P. Moller - Maersk improved earnings and free cash flow in 2019, despite weaker market conditions and global container growth of only 1.4%.

4.A second chartered flight will bring back more Hong Kong residents stranded onboard the Diamond Princess cruise ship in Japan on Friday at the earliest, after the first group of 106 people landed in Hong Kong on Thursday morning.

5.PetroChina has increased sendout of regasified LNG from its 6.5mn t/yr Rudong terminal, as demand is boosted by colder weather and rising economic activity after the extended lunar new year holidays.

6.China's steel futures climbed on Thursday on expectations that Beijing’s measures to prop up a virus-hit economy will help revive demand for the manufacturing and construction material.

7.China's domestic LPG prices have firmed after the coronavirus outbreak cut refinery runs.

8.Two passengers who were on board the quarantined Diamond Princess cruise ship have died due to the novel coronavirus, and another two officials had been infected.

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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