1.Orient Overseas (International) Limited and its subsidiaries yesterday announced a profit attributable to equity holders for 2019 of US$1,348.8 million, compared to a profit of US$108.2 million in 2018.
2.IMO Secretary-General stresses vital need to maintain commerce by sea and protect seafarers’ welfare in face of coronavirus shut down.
3.At 11am on March 19, local time, 50,000 face masks and 200 protection overalls, donated by COSCO SHIPPING arrived at Piazza De Ferrari, in the Liguria region of Italy.
4.COSCO SHIPPING Ports announces that Mr. FAN Ergang has tendered his resignation as an Independent Nonexecutive Director of the Company.
5.China will take classified, precise control measures to strengthen COVID-19 prevention efforts as 10,000 Chinese sailors on international navigation ships are set to disembark due to expired labor contracts by May.
6.China’s annual crude oil imports in 2019 increased to an average of 10.1 million barrels per day (b/d), an increase of 0.9 million b/d from the 2018 average.
7.Dalian iron ore prices fell 6% to hit the downside limit on Monday, leading another intense sell-off in China’s ferrous metal futures.
8.The Baltic Exchange’s main sea freight index hit an almost one-week low on Monday, dragged down by weaker demand for panamax and supramax vessels.
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