Tag: China

According to Reuters, Sinopec Corp's refinery and petrochemical complex in Tianjin will shut down for two months, starting in early May, for a regular revamp with the aim to cut its crude throughput by about 2 million tonnes this year.

Reuters reports that the Chinese international trade promotion agency (CCPIT) aimed to offer force majeure certificates to companies struggling to cope with the impact of the coronavirus epidemic on their business with overseas partners.

According to a recent statement, Al Yasat, ADNOC’s joint venture with China’s CNPC, produced its first oil from the Bu Haseer 2 Offshore Platform in Abu Dhabi. This is the second production platform on the Bu Haseer field which is expected to deliver 15,000 bpd and contribute to the target of achieving 4 million bpd of oil production capacity by the end of 2020.

Hong Kong has announced plans to cut cross-border travel between the city and mainland China, ahead of the coronavirus spread. Namely, ferries, and high-speed trains crossing the border will be suspended from January 30, according to Hong Kong leader Carrie Lam.

The new coronavirus has cost the lives of 132 people, while the number of confirmed cases continue to rise every day. Of course, seafarers must be aware of this situation, and take the necessary proactive measures, in order to stay healthy. For this reason, Sailors' Society published an infographic with all the necessary information to be protected from the new virus.

Operators calling at ports in China must be aware of the new coronavirus, which according to the World Health Organisation (“WHO”) may be linked to cases of pneumonia first reported in Wuhan City, Hubei province, on 31 December 2019.

Norway's Prime Minister, Erna Solberg, discussed the challenges climate change poses to the transatlantic alliance in the Arctic during the "NATO Engages: Innovating the Alliance" in London.

With coronavirus crisis in China spreading ahead, shipping industry must be ready to face a possible infection of crewmembers, considering quarantine and closures, while be prepared for charterparty issues. In light of the situation, Hill Dickinson law firm outlined major issues that shipowners may have to deal with, based on previous outbreaks such as SARS and Ebola.

The Tanker Research & Consulting department at Poten & Partners recently informed on the potential impact of the Coronavirus outbreak on the tanker market. In fact, Poten & Partners highlight that it is highly uncertain at this point how the virus outbreak, which started in the city of Wuhan in China and has spread across several countries in Asia and the world, will further develop and what the implications will be on the Chinese as well as the global economy.

At least 80 people have lost their lives and 850 have confirmed infections from the new coronavirus around the world, with China the main centre of concern. As a result, the cruise industry is taking action, with some cruise lines even suspending operations in affected areas.