China to develop marine industry in Greater Bay Area

Time:2020-06-29 12:45:01      Source:Globaltimes.com
China will implement support guidelines to develop the marine industry in the Guangdong-Hong Kong-Macau Greater Bay Area, according to a document released by the Ministry of Transport on Sunday.
 
The document comes as China ramps up efforts to optimize the business environment in the marine industry in the Greater Bay Area and further open up to foreign companies.  
 
The document suggested China will strengthen networks in waterway and port sectors, in a bid to achieve interconnectivity of marine infrastructures in the Greater Bay Area. 
 
In the Hong Kong Special Administrative Region, China will further maintain its position as an international shipping center. In Guangzhou and Shenzhen, South China's Guangdong Province, China will strengthen international shipping comprehensive services, the document confirmed.
 
China will further construct oil and coal reserve facilities, as well as liquefied natural gas (LNG) receiving terminals in the Greater Bay Area, according to the document. It added that China will promote multimodal transport in many ports including the Port of Nanning, in Nanning, South China's Guangxi Zhuang Autonomous Region.
 
The Greater Bay Area will promote informatization in the marine industry. New technologies linked to cloud computing, big data and Internet of Things (IoT) will be applied to develop smart ports and shipping services.
 
The document also requires the enhancement of ecological protection and the reduction of emissions of pollutants. It added that LNG filling stations will be further deployed in this area. 
 
 
Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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