1.MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI) on strategic cooperation on October 29,2018 at an executive level meeting in Beijing.
2.Zhejiang Province plays major role in China’s import trade.The Ningbo-Zhoushan port in the province lies at the meeting point of the Silk Road Economic Belt and the 21st Century Maritime Silk Road and handled 1 billion tons last year,becoming the first port in the world to reach such a volume.
3.China Petroleum and Chemical Corporation (Sinopec) plans to build first underground natural gas storage in Shandong province.
4.China's gas demand will more than double by 2030,with the industrial sector, the largest energy user,taking 26-30% of total consumption by that time,a Chinese official said on October 31.
5.Some Chinese traders started to hold back on sales of thermal coal at northern China ports.
6.China's crude oil futures settled lower on Wednesday.The main crude contract for December delivery was down 0.71% to 535.10 yuan per barrel,data from the Shanghai International Energy Exchange(INE) showed.
7.The buying demand stayed lackluster in China's import thermal coal market.
8.China's environmental policy has helped to boost scrap usage, according to the Bureau of International Recycling.
XINDE MARINE NEWS editor：Anita
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