Landbridge to construct LNG receiving terminal at Rizhao
Shandong Landbridge Group has entered into an agreement with Beijing Energy Group to jointly develop a LNG receiving terminal at Landbrige Port in Rizhao. Under the agreement, the two parties will invest RMB6.7bn ($973m) in total for the construction of the terminal, which will have a designed handling capacity of 5m tons of LNG annually. Additionally, the two companies plan to join their efforts to develop overseas energy projects.
Australia welcomes new shipping line
Australia has a new shipping line. Great Southern Shipping Australia (GSS) and China’s Rizhao Port Group are joining forces and will buy five containerships, to be flagged with the Australian International Shipping Register (AISR), to focus on Australia’s coastal trades and voyages to Rizhao in northern China’s Shandong province. The joint venture has plans to grow the fleet to 10 ships and to move the weekly service to twice a week as business picks up. The ceo of Great Southern Shipping, Paull Van Oost, commented today: “Today celebrates the bringing together of two great nations, in China and Australia, in cooperation in trade and shipping, marking a very significant milestone for Australia’s maritime industry. “Today is a day that we – both Chinese and Australians alike – should be very proud of. We have demonstrated what can be done by collaboration, through understanding each other’s needs and by cooperating to ensure a win-win outcome for China, Australia, Australian importers, exporters and coastal traders.” http://splash247.com/australia-welcomes-new-shipping-line/
China to introduce tough emissions controls for ships
(Reuters) - China will introduce tough controls on ship emissions at three key port areas from January to reduce sulfur dioxide which results in acid rain, causing respiratory difficulties and sometimes premature death, said the Ministry of Transport. If strictly implemented the move would force oil suppliers to increase the supply of cleaner marine fuel, industry experts said. The ministry gave no details on how the new emissions rules would be enforced or penalties for non-compliance. The new rules will apply to merchant ships navigating or anchoring in the waters of Pearl River Delta, Yangtze River Delta and the Bohai Bay rim, with a goal to cut sulfur dioxide by 65 percent by 2020 from the 2015 level, according to a document issued by the Ministry of Transport. More at http://news.yahoo.com/china-introduce-tough-emissions-controls-ships-085304566.htmlUpload News