1.China National Petroleum Corp., the world's third-biggest oil company, plans to build 23 new gas storage facilities and expand 10 existing ones by 2030, with working gas capacity exceeding 15 billion cubic meters, the company said Sunday.

 

2.Power of Siberia pipeline to deliver gas to China.Russian gas giant Gazprom and the China National Petroleum Corporation (CNPC) have discussed plans for the supply of national gas to China.

 

3.Taiwanese shipping line Wan Hai Lines has announced that it has decided not to exercise options to construct four additional 2,038 teu boxships at CSSC-affiliated Huangpu Wenchong Shipbuilding.

 

4.Adding to dry bulk’s woes, China is believed to have imposed import restrictions for Australian coal to a number of key ports in the country’s northeast, in a move to shed domestic coal capacity and boost domestic coal prices.

 

5.Chinese dry bulk transportation companies Sinotrans & CSC Phoenix have announced that parent company Tianjin Shunhang Shipping has applied for liquidation due to debt issues

 

6.China's iron ore futures ended higher on Monday.The most active contract for May delivery finished the day session 0.4% higher at 628 yuan per ton. 

 

7.China's import of natural gas hit a record high of 9.81 million tons in January, up 26.8 percent year on year, according to the latest data released by China's General Administration of Customs.

 

8.There appears to be no end to the decline in box volumes in Hong Kong. Following the declaration of annual throughput for 2018, which saw volumes slip to 19.54m teu or 5.7%, and the port fall to seventh place in the league of the world’s busiest ports, throughput for January 2019 is down 11.9% to 1.626m teu compared to 1.661m teu a year ago.

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