News on China.

Moody's: Maersk hit hardest by coronavirus

Among the three major European container lines covered by credit rating agency Moody's, Maersk is hit the hardest by the coronavirus. But CMA CGM and Hapag-Lloyd are also impacted by the outbreak, Moody's states.

Shipping lines starting to reopen offices in China

Several shipping lines have reopened offices in China, which have been closed due to the coronavirus outbreak. Others are working toward a return to normal operations. The death count of the virus has gone down for the first time, and China hopes to see the end of the outbreak in April.

CMA CGM's divestments give the Chinese access to strategic ports

Chinese Merchants Port looks set to get access to the most interesting ports in CMA CGM's portfolio with the recent agreement signed by the two companies. According to Alphaliner, this leaves the French company with the ports that are not particularly attractive.

Trump approves US-China trade deal to halt Dec. 15 tariffs

US President Donald Trump gave his approval for an initial trade deal with China, say people with knowledge of the matter. The deal entails China buying more US agricultural goods and halts the introduction of new US tariffs slated for Dec. 15.

China establishes new shipbuilding major

China Shipbuilding Group is now a reality, as the country has formally established the yard group, which according to state-owned media is the world's largest, reports Reuters. South Korean yards have also filed an application with the EU for approval of large-scale merger.

China conspicuously absent from shipping's Davos

Only two out of more than 200 participants represent China at this year's Global Maritime Forum, where the most prominent agenda is measures for the industry to reduce its emissions. That is "far too few", according to Klaveness CEO, and the conference acknowledges the issue.

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