1.The global container shipping market is expected to stay on a recovery course this year with demand growth predicted to outpace supply growth, according to Yang Ming Marine Transport Corp chairman Bronson Hsieh.
2.China will announce a plan this year to form a national oil and gas pipeline group combining the long-distance pipeline assets of the country's state-owned energy companies, in the sector's largest reshuffle in two decades, said three persons with knowledge of the plan.
3.The Hong Kong Government today announced the appointment of Hong Kong Disneyland managing director, Stephanie Young, to the Advisory Committee on Cruise Industry. Ms Young who has had a 26-year career with the Walt Disney Company recently arrived in Hong Kong to take up the top job at the Hong Kong theme park on 1 February 2019.
4.The Hong Kong Government has announced its intent to adopt a number of training and environmental measures introduced by the International Maritime Organisation including training requirements for crew on Hong Kong registered ships navigating polar waters.
5.Energy supplier will ramp up efforts to develop clean fuel and reduce imports.China National Petroleum Corporation, the country's largest oil and gas producer and supplier, reported steady daily production of shale oil of 20-30 cubic meters in its Dagang Oilfield, a sign of the industrial development of continental shale oil in the Bohai Bay Basin, it said.
6.China allows overseas individual investors to participate in the trading of iron ore futures on the Dalian Commodity Exchange starting Wednesday.The move came after the country opened iron ore futures to foreign institutional investors in May last year as part of the financial opening-up efforts.
7.On the morning of February 28, Mr. Isurin Alexander, President of FESCO Transportation Group visited COSCO SHIPPING headquarters. Mr. Wang Haimin, Executive Vice President of COSCO SHIPPING headquarters met with the delegation and discussed shipping related business.
8.Hong Kong’s leading minor bulk player, Pacific Basin turned in a sterling performance in 2018 and were rewarded with a US$72.3m net profit, up from US$2.2m in 2017.
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