Developments are happening fast in relation to crew repatriation during the coronavirus update. The UK has designated seafarers as key workers, Singapore is allowing crew changes with a number of caveats, while measures have been put in place today to allow crew to land and board ship in Hong Kong....
https://splash247.com/hong-kong-makes-crew-change-allowances/
Antong Holdings, a major domestic container shipping operator in China, has announced that creditor AVIC Trust has applied in court to restructure the company due to its inability to repay debt. The court case against the company comes only six months after Antong Holdings entered into a strategic...
https://splash247.com/avic-trust-applies-to-restructure-antong-holdings/
Hong Kong-based venture capital firm Betatron has announced a partnership with YPSN (Young Professionals In Shipping Network) and Heron Advisory to develop venture capital investment funds and accelerators in the maritime industry. Betatron will be investing up to $500,000 into each startup and run...
China Gas Holdings has entered into time charter contracts with CG Fortune Marine, a joint venture between China Gas and Hong Kong’s Fortune Oil, for two newbuild 84,000 cu m VLGCs. The two vessels, ChinaGas Legend and ChinaGas Glory, are set to be delivered by Jiangnan Shipyard and chartered to...
Zhuhai Port Shipping, the shipowning unit of Zhuhai Port Group, has completed the acquisition of 60% equity interest in Guangzhou Yue Gang Ao International Shipping from major domestic container shipping operator Zhonggu Logistics. Following the acquisition, Zhonggu will hold the remaining 40%...
Shanghai Ming Wah Shipping, a wholly owned subsidiary of China Merchants Group, has announced a plan to sell three 6,300 dwt small chemical tankers to Sinopec Fuel Oil. The total price for the 2013-built vessels Amazona, Armonia, Kappasea, is $15m. Ming Wah consideres the vessel as non-core assets...
https://splash247.com/china-merchants-sells-chemical-tanker-trio-and-orders-mpp-quartet/
Low profile Chinese owner Royal Marine Holdings is selling its post-panamaxes. Despite falling prices and Covid-19 , Royal Marine is determined to sell and focus on its woodchip carrier fleet. Sources say the two 88,300 dwt Imbari built vessels, 2004-built Royal Forward and 2007- built Royal Award,...
https://splash247.com/royal-marine-readies-to-discharge-post-panamax-fleet/
Maersk officials have confirmed that some of its seafarers onboard the 9,074 teu Gjertrud Maersk have come down with suspected coronavirus. The ship is currently at Ningbo, where it had been waiting to be phased into the Maersk network. “We can confirm that on 23 March 2020 a number of our...
China Merchants Bank Financial Leasing (CMBFL) has placed an order at Dalian COSCO KHI Ship Engineering (DACKS) for the construction of two ultramax bulk carriers. Shipbroking sources reported that the two 61,000 dwt tier 2 vessels are scheduled for delivery in 2021. Other terms of the contract...
https://splash247.com/china-merchants-financial-leasing-orders-ultramax-pair-for-wah-kwong-charter/
The Shanghai government has eased the crew change ban by releasing a new guidance for managing crew shift issues at Shanghai Port. Under the new guidance, shipping companies are required to report the past itinerary of ships that will berth at Shanghai Port and Chinese crew are allowed to go ashore...
https://splash247.com/shanghai-issues-guidance-to-allow-chinese-crew-shifts/