1.China plans new round of consolidation for maritime sector.Beijing is planning new consolidation for several industries to further push forward its strategy to optimise state-owned assets and industrial structure,China’s State-owned Assets Supervision and Administration Commission announced in a press conference for its 2019 working goals.
2.China Merchants Energy Shipping (CMES) expect its net profit for last year to have nearly doubled due to asset acquisitions, the expansion of valemax fleet and a recovery in tanker earnings.
3.On the morning of 18th Jan, a delegation led by H.E. Loke Siew Fook, Minister of Transport of Malaysia, visited COSCO SHIPPING Headquarters. Mr. Yu Zenggang, Executive Vice President of COSCO SHIPPING, met with the delegation and the two sides exchanged views on how the two sides work together to move forward cooperation.
4.China’s oil and gas industry is set to reinforce efforts to reduce environmental impacts of its projects and operationsin 2019, said a research.According to a new research from DNV GL, six in ten (61%) senior oil and gas professionals in China say their organizations are actively preparing for the transition to a lower carbon energy mix compared to 51% globally.
5.The most active contract for May, 2019 delivery finished the day session 2.21% higher at 533 yuan per ton.China has opened the domestically-traded iron ore futures to foreign investors since May 2018.
6.Taiwan imported 15.65 million tonnes of liquefied natural gas (LNG) in the January-November period, up 1.6% from the same period in the year before, according to the customs data.
7.China National Offshore Oil Corporation (CNOOC) aims to double its exploration projects and proven oil and gas reserves in seven years, the company said on January 18.
8.Preliminary figures from the flagship unit of China State Shipbuilding Corp(CSSC) showed its net profit would range between CNY 435m ($64.2m) and CNY 525m in 2018.China CSSC Holdings is expecting to snap a two-year losing streak with a large one-off profit boost saving its stock from suspension on the Shanghai Stock Exchange.
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