China’s Fujian Crown Ocean Shipbuilding is seeking investors to restructure the shipyard following the completion of an initial review of its assets and debts.

Yangzijiang Shipbuilding has secured new orders for seven vessels with a total contract value of $360m during the first quarter of 2020, as the shipbuilding starts catching up on lost production time due to the coronavirus (COVID-19) outbreak.

Two major port operators in North China, Shandong Port Group and Tianjin Port Group, have inked strategic cooperation agreement to promote port development.

China State Shipbuilding Corporation (CSSC) has inked 31 newbuilding orders with a total contract value of RMB9.4bn ($1.3bn) during the first quarter.

Chinese third-party ship manager Seacon Shipping has set up its South China headquarters in Nansha, Guangzhou.

China is strengthening control measures for the containment of imported COVID-19 cases, stating that international ship crew are not allowed to come ashore as a matter of principle.

As part of the second anniversary for the construction of Hainan Pilot Free Trade Zone (Port) China Cosco Shipping inked several documents relating to the development shipping and related business in Yangpu, Hainan.

Shandong port city of Weifang has signed a strategic cooperation agreement with Shandong Port Group launching four new domestic container shipping routes.

The container volume of China’s eight major ports declined 4.4% for the past week, which is the first weekly decline since the middle of February this year.

Beijing Gas Group Company has been given approval by China’s National Development and Reform Commission on LNG project in Tianjin Nangang.