1.CMES has approved a plan for the company to acquire 70% equity interest of its Singapore-based bunkering unit China Merchants Energy Trading.
2.Following an incident where a crew member was diagnosed with COVID-19 upon arrival in Singapore, the Singapore Shipowners Association is reiterating the importance of self-quarantine.
3.The volume of floating crude cargoes in Chinese waters has hit a record high, dampening Chinese refiners’ buying interest in August-onward deliveries.
4.Australian compresses natural gas (CNG) company Global Energy Ventures (GEV) has entered into an agreement with Chinese yard CIMC Raffles.
5.China National Petroleum Corp (CNPC), the country's biggest oil and gas producer, plans to deepen its cut on methane emissions.
6.Chinese ports are struggling to unload record volumes of crude with storage tanks full after the country rushed to buy extra barrels during April’s oil price crash.
7.Chinese authorities have rolled out preferential income tax plans for companies and individuals in the southern island province of Hainan.
8.COSCO SHIPPING's First CHINA RAILWAY Express Train with Medical Supplies Arrives in Paris.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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