China Shipping bulletins on Feb 27,2019

1.Ericsson and China Unicom, a mobile service provider, are developing a 5G smart harbor at the Port of Qingdao in China. This comes after a successful technical solution verification at the port of Qingdao, which found that up to 70% of labor costs can be saved when a harbor uses the 5G automation upgrade.

 

2.China’s fast growing Ningbo-Zhoushan port is expanding its Chuanshan port area to further increase container handling capacity.The expansion project includes a new container berths and 600,000 teu of container handling capacity will be added when the project was completed.

 

3.As a supplier for delivery of the first China DeSOx system,POT-DeSOx system is operating normally on the “MV BAO GLORY”.Within half a year after delivery,the system  fulfilled the emission standards after being witnessed and tested by the ABS.The first SOx(IAPP) certificate for preventing air pollution was successfully obtained in China.

 

4.The conditions of an agreement that give three Chinese companies 75% outtake rights to a $43 billion Alaska liquefied natural gas project are still being determined, project insiders said. 

 

5.China's coal consumption is set to rise slighly to 3.89 billion tonnes in 2019 from 3.87 billion tonnes last year, the president of the China National Coal Association said on February 25. 

 

6.China’s LNG imports in January increased to a record,due to an increase in residential heating demand during the winter,after the country’s transition to gas heating drove higher shipments.LNG imports in January grew by 27.8% to 6.58 million tonnes,compared to last year.

 

7.On the afternoon of February 26, a delegation led by Mr. Knut Ørbeck-Nilssen, Maritime CEO of DNV GL, visited COSCO SHIPPING headquarters. Mr. Ding Nong, Executive Vice President of COSCO SHIPPING met with the delegation, and the two sides exchanged views and discussed the topics on the innovation and technology development in shipping industry.  

 

8.On 25 February 2019，China Merchants Port Holdings Company Limited (“CMPort” or “the Company”), held an Extraordinary General Meeting of the shareholders (“EGM”) in Hong Kong, for the purpose of voting on the resolutions in relation to the various land interest in Shenzhen Qianhai (“the Resolutions”).

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