China Shipping bulletins on Feb 21,2019

1.The Inaugural Opening Ceremony & Business Event of COSCO Shipping Investment Dalian Co.，Ltd . is held at InterContinental Dalian on 21 Feb, 2019.

 

2.Shell Marine integrated solutions have saved the equivalent of around $123,000 annually for its customer China’s operator of RoRo tonnage Hainan Strait Shipping.

 

3.China will build new LNG terminals and expand the capacity of existing terminals in its Greater Bay area, China's cabinet said on February 18, according to a report by official news agency Xinhua.

 

4.China's crude oil futures settled lower on Wednesday.The most active contract for April 2019 delivery was down 0.63% to 456.4 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed. 

 

5.China Huadian Corporation Ltd,one of the country's five leading stateowned utilities, together with privately-run Guanghui Energy Co., Ltd.,is laying 171-km Qitong natural gas pipeline that will connect a LNG receiving terminal with end users in eastern China's Jiangsu province,the company said on its website. 

 

6.On February 13, 2019, Mr Xie Chunlin, Chairman of CMES met with Mr Kou Jianchao, Vice President of Sinopec Lubricant Company, in Hong Kong. Both parties had friendly and in-depth exchanges of ideas. Mr Wang Yongxin, President of CMES, Mr Yan Wushan, Vice President of CMES, and Mr Zhang Shiwei, Chief Engineer and Deputy Safety Director of CMES was also present. 

 

7.As China is likely to create a giant oil and gas pipeline company this year as part of the nation's effort to reform the State-owned petroleum industry, insiders believe the move will shake up the petroleum sector and break the monopoly in the oil and gas sector.

 

8.New York’s Foremost Group has added a pair of kamsarmax bulker newbuildings to its growing fleet.The James Chao-controlled shipowner has contracted state-owned Chengxi Shipyard to build two 85,000-dwt bulkers for delivery in 2021.

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