Chinese stocks related to the high-end manufacturing, shipping, auto and tourism sectors rallied on Wednesday morning, with some shares surging by the daily limit of 10 percent, as businesses and investors embrace positive signs on multiple fronts, including the reopening of Shanghai, major stabilization measures as well as upcoming holidays.
Japanese shipping company NYK has announced its first long-term time charters with China’s state-owned China National Offshore Oil Corporation, or CNOOC, for six newbuild LNG carriers. NYK has also entered.
On April 28 through its subsidiary, NYK concluded a long-term time-charter contract with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. for six liquefied natural gas (LNG) carriers, in addition to a shipbuilding contract for the vessels with Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. This is NYK’s first long-term time-charter contract for an LNG .