1.PetroChina has cut supplies to some of the industrial users in the northern and western regions of China as it looks to avoid gas shortages it struggled with the past winter.Citing sources, Reuters reports the company’s decision came only two months after the last winter crunch and as a response to the first signs of the market tightening.
2.SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday slipped 2.2 per cent to US$793 per TEU, according to the Shanghai Containerised Freight Index (SCFI).
3.Twenty-seven teams from across the industry raised approximately US$115,000 for Sailors’ Society by taking part in the charity’s inaugural Great Wall of China Challenge this weekend (18-21 May)and the money raised will go a long way to supporting seafarers’ welfare around the world.
4.With the end of the trade war, the import and export trade between China and the United States will be restored,and it may attract more enterprises and investors to invest in the construction and expansion of ships, ports and wharves and it will also promote maritime trade security and create a sound environment for maritime transport.
5.China's spot iron ore prices at ports stay stable. Traders have certain desire to boost sales due to weak fundamentals. Many steel mills generally sustained normal procurement.
6.Production of a major ethylene project formally kicked off in Huizhou, Guangdong province, on Wednesday, helping the country reduce dependence on imported petrochemical products.
7.China's first self-built world-class vessel for floating production, storage and offloading (FPSO) was handed over to Brazil in Qingdao City of east China's Shandong Province on Wednesday.
8.About 28 million cubic metres of pipeline gas for delivery at the end of May was sold to 56 city gas distributors of city gas during the start of trading on May 11 on the Chongqing Oil and Gas Exchange, according to an exchange statement and an official from the exchange.
Sources:XINDE MARINE NEWS
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