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The US has blacklisted several Greek tankers after they were adjudged to have breached sanctions, while China’s ports are seeing a surge in domestic traffic as the country’s economy begins to emerge from the worst effects of the coronavirus outbreak
Lloyd’s List ‘Ask the Analysts’ webinar is available on demand, featuring access to our Lloyd’s List Intelligence macro outlook data presentation
Sovereign debt crises are likely, warns the Economist Intelligence Unit. Multilateral financial institutions, the G20 countries and other lenders must protect the most vulnerable economies
Kexim chief executive says the bank will do its upmost to help the country’s shipbuilders overcome the current crisis and ‘further solidify their global market position’
Pacific International Lines is in early negotiations with Singapore’s sovereign wealth fund over much-needed investment, while shipowners are urged to continue to take a risk-based approach to anything that touches on US sanctions against Iran and Venezuela despite new guidance
The association also vowed to support shipping’s carbon-free path despite the economic damage from the pandemic shockwave
Meanwhile, falling water levels in the Paraná River have left a bulker high and dry, with Cofco1 grounding with a draft of 9.4 m on May 27
Beijing has also imposed informal quotas on coal imports days, after announcing new inspection rules for iron ore imports
When Lloyd’s List launched its regular Ask the Analysts webinar last month we were bombarded with questions on everything from coronavirus to consolidation. This month we will be focusing on Asia, with the conversation looking at the market outlook via our team of editorial experts based in Hong Kong and Singapore. We will also be joined by our credit team to answer your questions on counterparty risk.
Upbeat Chinese analysts argue the missing target is actually “hidden” in the other announced government efforts to stabilise the country’s economy, but others are less optimistic
‘The extent of the coronavirus impact and when it will come to an end are still unclear, but it is expected that April through to June 2020 will be the worst period and the level of economic activities will gradually recover thereafter,’ the group said
South Korea’s minister of Oceans and Fisheries Moon Seong-Hyeok has called for ‘a spirit of co-operation’ in the fight against coronavirus
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