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China Shipping bulletins on Feb 11,2019


1.Natural gas transactions in the Shanghai Petroleum and Natural Gas Exchange (SHPGX) reached a record high last year in part due to China's huge demand for clean energy. The volume of natural gas traded in the exchange amounted to 60.46 billion cubic meters in 2018, for the first time surpassing the 60-billion mark. 
 
2.China has achieved real-time transmission of deep-sea data at 6,000-meter depth through Beidou satellites for the first time, according to the Institute of Oceanology under the Chinese Academy of Sciences.
 
3.China's New Year brings dry bulk market rates at 2 year low.
 
4.The US Coast Guard Marine Safety Centre issued the 16th Coast Guard Ballast Water Management System type approval certificate to Envirocleanse LLC for its inTank ballast water treatment system (BWTS).
 
5.PetroChina International, a trading unit of the state-owned PetroChina has reportedly put up two Yamal LNG cargoes up for sale earlier this week.Citing sources, Reuters reports the two cargoes are scheduled for delivery in northwest Europe in March.
 
6.Iron ore futures in China are flying, opening "limit-up" 8% in early trade on February 11.
 
7.Farmers have halted sales of Brazil’s soybeans as port premiums swooned, the real currency strengthened and a pause in a trade war prompted top importer China to purchase soy from the United States, growers and trading companies said.
 
8.Top US energy and agriculture officials will return to China next week for the latest round of trade talks that could signal whether crude and LNG flows will pick up between the two countries this year or remain mired in the dispute.

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