1.One of China’s best known ship repair yards is to enter the Brazil market. Zhoushan IMC-Yongyue Shipyard and Engineering will partner with Brasil Basin Drydock Company (BBDC), a joint venture between McQuilling and Promon Engenharia, to participate in Empresa de Docagens Pedra do Ingá (EDPI).
2.China’s LNG demand is set to grow by 14% in 2019 according to Beijing Gas group. The rising gas demand is a result of China’s ongoing policy to move households and industry from coal to gas, as well as economic stimulus that includes a value-added tax cut from April 1 and which is aimed at supporting industry growth.
3.The Hambantota International Port in the southern part of Sri Lanka has become a successful model in Belt and Road cooperation with China.
4.09 April 2019 – In support of customer preparedness for IMO 2020, Shell Marine is introducing Shell Alexia 40 – a new two-stroke engine cylinder oil specifically for use with engines running on 0.5% sulphur content Very Low Sulphur Fuel Oil (VLSFO).
5.Cruise operator Genting Hong Kong managed to cut its net loss in 2018, while revenue surged during the year.
6.China’s government will cap coal imports this year at 2018 levels, four sources with direct knowledge of the matter told Reuters, to support domestic producers. China imported 281.23 million tonnes of coal in 2018 including thermal coal, coking coal and anthracite.
7.China Petroleum and Chemical Corp, or Sinopec, the world's largest refiner, is continuously laying out its hydrogen industry plans, taking advantage of its extensive network of gas stations nationwide and its chemical by-products.
8.The port of Shanghai has maintained its position as the world's largest container port, but new statistics from Alphaliner show its lead over second-placed Singapore narrowed last year. Shanghai's box throughput in 2018 totalled 42.01 million TEU, a 4.4 per cent growth on 2017, while Singapore handled 36.6 million TEU, representing growth of 8.7%.
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