1. "At the moment we have a quite profitable business in China, but it's small in relation to the size of the country," said Ben van Beurden, CEO of Royal Dutch Shell Plc. "So while I am happy with the results from China, the country needs to play a bigger role in our ambition to be a world-class investment case."

 

2.BEIJING-The Belt and Road Initiative has provided an opportunity for the world to transition into a sustainable energy future, experts say.Through the BRI, countries and regions could enhance energy connectivity and take a proactive approach when planning their energy infrastructure,said Zou Ji,president of the Energy Foundation China, in an interview with Xinhua.

 

3.Throughput volumes at the Port of Hong Kong fell 2.8% in March, to 1.58M teu.The Kwai Tsing terminals accounted for 1.23m teu, 1.6% down on the figure recorded in March 2018. The midstream operators handled 350,000 teu, a fall of 7% compared with the same period last year.

 

4.Singapore-based BW Group has increased its stake in gas carrier owner Epic Gas to 82.58% with the completion of its voluntary unconditional offer.

 

5.DNV GL’s Head of Technical Centre China Falk Rothe handed over the two certificates to Dr. Lixin Xu from China Merchants Offshore Technology and Research Center (CM-OTRC). The management team and project members from CM-OTRC also joined the ceremony.

 

6.Sinotrans-controlled post-panamax bulker Great Aspiration was rocked by an explosion on Wednesday afternoon off the coast of Cornwall.The 2010-built vessel, owned and operated by China’s Sinotrans, was heading from Baltimore to Falmouth when the explosion occurred.

 

7.On the afternoon of April 16, a delegation headed by President of Shanghai Industrial Investment (Holdings) Co., Ltd. (SIIC) and Chairman of Shanghai Pharmaceuticals Holding Co. Ltd. (SPH) Mr. Zhou Jun visited the COSCO SHIPPING headquarters. Chairman of COSCO SHIPPING Capt. Xu Lirong met with the delegation. The two sides exchanged views on business cooperation in a wide array of fields.

 

8.China’s Dalian iron ore futures plunged on Wednesday as Brazilian iron ore miner Vale SA is set to resume operations at the Brucutu mine, although its Australian rivals cut their production guidance for the year.

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