Wilhelmsen and Hyundai Glovis have signed an agreement that looks to focus on opportunities in the gas shipping market and the potential development of hydrogen as a marine fuel.

Guangzhou Port Group and Guangdong’s Jiejiang Municipal government signed port cooperation agreement to jointly develop terminal project at Jieyang port.

Stolt-Nielsen’s tanker business Stolt Tankers has agreed to purchase five chemical tankers from Chemical Transportation Group (CTG) for trading in the Stolt Tankers Joint Service.

Zhejiang Satellite Petrochemical has confirmed shipbuilding contracts for the construction of four VLECs with Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI).

CSSC (Hong Kong) Shipping wholly-owned SPVs Fortune Wuxi and Fortune Suzhou have entered into the Memorandums of Agreement and bareboat charters for two oil tankers.

IMC’s Aurora Tankers has taken delivery in the first of eight IMO 2 MR tankers from CSSC Shipping.

The downward trend of the tanker market is expected to continue for the remainder of 2020 according to analysts Maritime Strategies International (MSI).

Bahri has inked a $410m agreement with Hyundai Mipo Dockyard (HMD) for 10 chemical tanker newbuildings.

Norden is moving the technical management of its tanker fleet to a joint venture with Synergy Marine Group with the loss of 25 jobs at the Danish shipowner.

Lim Oon Kuin, founder of Singapore’s oil trading giant Hin Leong Trading, was charged in court last Friday with abetment of forgery for the purpose of cheating, according to the Singapore Police Force.