Coronavirus & Tankers
Daily news, analysis and updates from the Lloyd’s List team on how the coronavirus outbreak is affecting the tanker sector
Chinese port halts resuming crew Covid testing after backlash
The new requirement appears to have been suspended amid complaints from shipping firms
China to allow foreign crew changeover
Impact of policy change will depend on how fast ports and terminals follow the government’s instructions, said one management company
China eases Covid rules at ports
Crew changeovers in China are expected to become easier although some significant barriers remain in place
Optimism over reopening of China requires caution
A successful reopening will boost transportation demand and in the longer-run reduce supply chain disruptions, but reaching that destination is likely to be disruptive, according to maritime research firm MSI
Chinese shipping stocks rally on reopening speculation
Many shipping and port companies listed in Shanghai and Hong Kong have seen share prices rebound in current trading
China’s Covid crunch should spur supply chain resilience review
Russia’s isolation has redrawn maritime trade lanes, but China’s coronavirus-fuelled supply chain crunch offers a glimpse of what any potential decoupling may bring in the future. If there is a single lesson of the past few years it is that reliance on a single source of supplies is never a good idea
Ningbo to offer subsidies to assist shipping start-ups
Large line operators could receive total subsidies of more than Yuan20m from different Chinese port cities every year
Hong Kong shipping faces staffing crunch amid pandemic and political uncertainty
In response to incessant heavy-handed coronavirus restrictions, some companies are moving part of their Hong Kong operations or their senior executives to nearby hubs, such as Singapore. Some individuals are considering a relocation or have already taken the move
Shanghai maritime sector starts to resume operations
Local authorities said it is imperative for more enterprises to recommence production
NYK relaxes pandemic-related working restrictions
‘Restrictions on domestic business trips have been withdrawn, and rules governing these trips have returned to those established before the outbreak,’ company says
CSSC to reopen Jiangnan shipyard after lockdown
Jiangnan Shipyard is preparing to resume operations after being closed for a month, bringing signs of possible movement in the production line logjam
China’s order and completion volumes fall as ‘zero-Covid’ policy hits yards
Yard operations among country’s production sector has fallen victim to strict government coronavirus control rules as part of Beijing’s ‘zero-Covid’ policy
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