On February 4, China Merchants Port Groupannounced that the board of directors received the written resignation submitted by Fu Gangfeng, chairman of the company, on January 31, 2020. Due to the change of work, Fu Gangfeng applied to the bo

1.Chinese oil demand has dropped by about 3 million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy. 2.China Merchants Port received the resignation submitted by the companys chairman, Fu Gangfeng. And De

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, issued today the following statement in response to the 2019-novel coronavirus outbreak and the World Health Organizations (WHO) declaration of

On 30 January 2020, the World Health Organization declared the outbreak of the novel coronavirus (2019-nCoV) (the Virus) to be a Public Health Emergency of International Concern. It seems clear that the Virus is also having an impact on eco

Chinese oil demand has dropped by about 3 million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy, according to people with inside knowledge of the countrys energy industry. The drop is probably the large

The ITF is closely following alladvice from the World Health Organisation (WHO) regarding the current outbreak which originated in Wuhan city, a major domestic and international transport hub. We call on all governments and transport compan

North PI Club has launched a new digital tool that will help shipowners and operators track the spread of the Coronavirus outbreak. North PI Club has developed its MyGlobeView platform an interactive map which Members use to identify commer

The WHO, in a statement on 30 January 2020, declared that the outbreak of the novel Coronavirus originating in Wuhan, China (2019-nCoV) constitutes a Public Health Emergency of International Concern (PHEIC). As cases have now been reported

The coronavirus outbreak in China has forced several countries to resort to stringent quarantine checks in their battle to contain the spread and the measures are starting to have a knock-on effect on the global commodities shipping market.

Shipping lines are gearing up to take more ships out of service in Asia, a move sparked by the coronavirus outbreak in China hitting production. The action is also expected to drive up container spot rates dramatically, and that they will r

Specialist insurer Beazley has launched its etrading platform myBeazley in Asia, providing brokers in Hong Kong and Singapore with online access to Beazleys management liability and cyber product suites. The platform, which is currently ava

The China Ningbo Containerized Freight Index (NCFI) reported a relatively big drop in freight indices in the routes to the west coast of South America. The NCFI, a wind vane of Chinas busiest ports freight rates for the international contai

Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, announced that its offices in North and South China have remained closed following the announcement by the Chinese government to extend the Chinese National New Year holida

Dream Cruises, a luxury cruise liner created in 2016 for Asian sourced markets, has temporarily suspended its operation in the Chinese mainland due to the outbreak of the novel coronavirus, sources with the company said. Three passengers tr

The Baltic Exchanges main sea freight index dropped for the 13th consecutive session on Tuesday as waning demand across vessels and the coronavirus outbreak dampened sentiment. The Baltic index, which tracks rates for capesize, panamax and