Saudi Arabia to flood the market with crude oil at a time when demand is in doldrums amid coronavirus pandemic.
https://worldmaritimenews.com/archives/293730/sand-massive-supply-demand-imbalance-upon-us/
South & Central Asia
MOL Integrates Tanker Management Companies
Japanese shipping major MOL has decided to unify its wholly owned management companies for tankers.
https://worldmaritimenews.com/archives/293739/mol-integrates-tanker-management-companies/
New Cluster of Coronavirus Cases Emerges at Keppel Shipyard
A new cluster of coronavirus infected people has been identified at Singapore-based Keppel Shipyard.
Construction of World’s Largest LNG-Fueled RoRo Ship Begins
CIMC Raffles has cut the first steel for a new LNG-powered RoRo vessel ordered by Wallenius SOL.
HRAS: Bulker Crew Threatened for Voicing COVID-19 Exposure Fears
Tomini Destiny crew pressured to perform shipboard operations under duress.
FSL Trust Finalizes Sale of Aframax Tanker
Singapore-based business trust First Ship Lease Trust completes the sale of FSL Shanghai, a crude oil tanker.
https://worldmaritimenews.com/archives/293617/fsl-trust-finalizes-sale-of-aframax-tanker/
World’s Largest Containership to Start Trading at the End of April
The delivery of 24,000 TEU containerships to HMM will not be delayed.
EU Commission Stops the Clock on HHIH-DSME Merger Probe
EU Commission has suspended the full-scale probe into the proposed acquisition of DSME by HHIH.
DSME Wins VLCC Order from Pan Ocean
DSME has secured an order for a very large crude oil carrier from Pan Ocean.
https://worldmaritimenews.com/archives/293587/dsme-wins-vlcc-order-from-pan-ocean/
Vitol Acquires Singapore’s Bunkering Company Sinanju
Vitol Marine Fuels acquires 100 percent of Singapore-based bunkering specialist Sinanju Tankers Holdings.
https://worldmaritimenews.com/archives/293517/vitol-acquires-singapores-bunkering-company-sinanju/