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China Avation Oil to hit above $1.60?
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luckyfa
Elite |
28-Dec-2022 08:57
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Very very positive for CAO... LOADING UP MORE IMO.... lets walk with the price.... 🤞
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WBdisciple
Elite |
28-Dec-2022 08:21
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Likely to see 95 cents today? 
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luckyfa
Elite |
28-Dec-2022 08:17
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Imo... Can expect the continue rising of CAO.... 🚀 🚀 🚀
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tedlim
Veteran |
28-Dec-2022 08:15
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Chinese jubilant, plan trips abroad as inbound Covid quarantine set to end CHINESE reacted with joy and rushed to book flights overseas Tuesday after Beijing said it would scrap mandatory Covid quarantine for overseas arrivals, ending almost three years of self-imposed isolation. In a snap move late on Monday, China said from January 8 inbound travellers would no longer be required to quarantine upon arrival, in a further unwinding of hardline Covid-19 controls that had torpedoed its economy and sparked nationwide protests. Chinese social media users reacted with joy to the end of restrictions that have kept the country largely closed off to the outside world since March 2020. &ldquo It&rsquo s over... spring is coming,&rdquo said one top-voted comment on the Twitter-like Weibo social media site. Online searches for flights abroad surged on the news, state media reported, with the travel platform Tongcheng seeing an 850 per cent jump in searches and a tenfold jump in inquiries about visas. &ldquo Preparing for my trip abroad!&rdquo one Weibo user wrote. &ldquo I hope the price of the return ticket doesn&rsquo t rise again!&rdquo another said. The new rules follow China&rsquo s decision this month to roll back much of a zero-Covid regime that had mandated mass testing, strict lockdowns and long quarantines in government-run facilities. Cases have surged nationwide following that easing, in an outbreak that authorities have admitted is now &ldquo impossible&rdquo to track. And in the face of mounting concerns that the country&rsquo s wave of infections is not being accurately reflected in official statistics, Beijing&rsquo s National Health Commission (NHC) Saturday said it would no longer publish daily tallies of the number of cases. That followed a decision last week to narrow the criteria by which Covid-19 fatalities were counted &ndash a move experts said would suppress the number of deaths attributable to the virus. &lsquo Protect themselves&rsquo The winter surge comes ahead of two major public holidays next month, in which millions of people are expected to travel to their hometowns to reunite with relatives. Hospitals and crematoriums across the country have been overflowing with Covid patients and victims, with studies estimating around one million people could die over the next few months. Major cities are now grappling with shortages of medicine, while emergency medical facilities are strained by an influx of undervaccinated elderly patients. Beijing has insisted throughout the wave of infections that the country is prepared to weather the storm &ndash and urged people to take responsibility for their own health. &ldquo We need the public to properly protect themselves, continue to cooperate with the implementation of relevant prevention and control measures,&rdquo Liang Wannian, an epidemiologist and the head of an expert group at the NHC tasked with responding to the Covid-19 pandemic, told state news agency Xinhua. &ldquo We need to shift the focus of our work from infection prevention and control to medical treatment.&rdquo AFP |
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WBdisciple
Elite |
28-Dec-2022 08:15
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China removes more Covid travel restrictions with new passports, permits CHINA will start issuing new passports and Hong Kong travel permits to mainland residents as it removes some of the tourism barriers from three years of strict Covid restrictions. The government will also resume express checkpoints on the borders with Hong Kong and Macau among measures due to start on Jan 8, the National Immigration Administration said in an announcement on WeChat. Applications by foreigners to extend or renew visas will also re-commence. China has been largely shut off from the world since the onset of the pandemic, effectively stopping overseas leisure trips as part of its Covid Zero policy. That included urging the nation of 1.4 billion to stay in the country &ldquo unless absolutely necessary&rdquo for work, study or compassionate reasons. Travel visas to Hong Kong haven&rsquo t been issued since early 2020 and the country stopped granting new passports in August 2021 for any unnecessary and non-urgent reasons. Tuesday&rsquo s (Dec 27) announcement came less than a day after China downgraded the management of Covid from the top level to the second highest, effectively removing the legal justification for aggressive Covid Zero restrictions. BLOOMBERG |
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ozone2002
Supreme |
27-Dec-2022 18:00
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0.87  +0.065nice surge today on more reopening news time for more upside, with current price trading below NaV
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luckyfa
Elite |
27-Dec-2022 15:08
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Agreed agreed... Or maybe a Big runup as soon... Very very potential.....
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luckyfa
Elite |
27-Dec-2022 14:57
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Very potential counter....am targeting >$1 soon.... 😁 🚀 | ||||
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SmallSmall
Supreme |
27-Dec-2022 14:15
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$0.90 today?
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muifan
Supreme |
27-Dec-2022 14:15
Yells: "Take the leap of faith dont regret 20 years later!" |
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$1.05 coming ? | ||||
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WBdisciple
Elite |
27-Dec-2022 13:27
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First flight from Singapore to Beijing on Dec 30 more such flights on SIA in coming months
After close to three years, SIA is reinstating its Singapore to Beijing passenger service every Friday on a fortnightly basis.
TRAVELLERS looking to visit Beijing can now do so via a Singapore Airlines flight on Friday (Dec 30), the first passenger flight from Singapore to the Chinese capital since the pandemic disrupted travel in 2020.
After close to three years, the national carrier is reinstating its Singapore to Beijing passenger service every Friday on a fortnightly basis.
This comes three months after SIA reinstated flights from Beijing to Singapore on Sep 27. These flights operate every Tuesday and Friday.
Flight services between Singapore and Beijing were suspended on Mar 28, 2020, at the height of the pandemic.
Checks by The Straits Times on Monday showed that an economy ticket from Singapore to Beijing on Dec 30 and a return flight on Jan 3 costs S$4,053.
A ticket for a round trip that leaves for Beijing on Dec 30 and returns to Singapore on Jan 10 costs S$2,789.
SIA also operates flights to and from Shanghai on Mondays and Saturdays.
A check showed that a round-trip flight that departs for Shanghai on Dec 31 and returns to Singapore in the second week of January costs up to S$5,791.
An SIA spokesman said the airline also has flights to and from Chongqing, Shenzhen, Chengdu and Xiamen, but has not resumed flight services to and from Guangzhou.
&ldquo We will continue to monitor the travel demand and work closely with local authorities to gradually resume passenger flight services between Singapore and mainland China where feasible. China is an important market for the SIA Group, and we will be ready when the Chinese government further opens up to international air travel,&rdquo said the spokesman.
In December, China did away with its zero-tolerance policy towards Covid-19, including abolishing its rules on snap lockdowns, lengthy quarantines and travel curbs.
This led to a wave of infections across China, made worse by the highly transmissible Omicron variants circulating in its cities.
On Sunday, China&rsquo s National Health Commission (NHC), which for the past three years has published daily Covid-19 case figures for the country, said it will no longer release such data.
The NHC&rsquo s halt to reporting daily infection numbers and deaths comes as concerns grow around the lack of vital information about China&rsquo s fight against Covid-19.
Independent analyst Brendan Sobie of Sobie Aviation said flights between China and Singapore are currently at about 10 per cent of pre-Covid-19 levels.
&ldquo While this is an improvement compared to a few months ago when it was at just 3 per cent, we still have a long way to go,&rdquo he said.
&ldquo The green light to finally carry passengers from Singapore to Beijing is just one small step that follows other small steps including the resumption of passenger flights from Beijing to Singapore in September and the opening up of other China-Singapore routes,&rdquo he added, noting that flights to the nation&rsquo s capital is symbolically important.
Mayur Patel, head of Asia at global travel data provider OAG Aviation, said the move to reinstate flights between both countries is an important strategic decision as China is an important trading partner for Singapore.
&ldquo I see it as baby steps and a measured approach to the broader reopening that China is working on. Some flights between China and the rest of the world have been reinstated, so it is significant that Singapore makes a move to ensure that its connectivity with China is restored,&rdquo he said.
Jeremiah Wong, senior marketing communications manager at Chan Brothers Travel, said the travel agency has received inquiries from keen travellers asking when China will be open for tourism.
&ldquo But since China still is not open for leisure travel, the new passenger flights will likely serve returning Chinese nationals or residents, and passengers travelling for official duties and business,&rdquo he said.
Patel agreed, saying: &ldquo Those booking flights from Singapore to China are probably those with family there and would want to see them after close to three years.&rdquo
He added: &ldquo Even if China opens up for tourists, I don&rsquo t think people will be rushing there anytime soon based on the current wave that&rsquo s happening.&ldquo
Transport economist Walter Theseira, an associate professor at Singapore University of Social Sciences, said the timeline for the recovery of travel is unpredictable as there are typically teething problems early on. This includes tourism infrastructure in China that needs to be re-established, and travel companies there may have gone out of business during the pandemic.
&ldquo But barring non-pandemic issues such as geopolitical tensions, I fully expect that China-Singapore people movements will return to their pre-pandemic state,&rdquo he said.
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SmallSmall
Supreme |
27-Dec-2022 11:38
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Key beneficiary for increase in jet fuel demand as big increase in demand for flights to and from China
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tedlim
Veteran |
27-Dec-2022 08:11
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China to scrap COVID-19 quarantine for overseas arrivals from Jan 8 Travellers must still take a PCR test 48 hours pre-flight to enter China. BEIJING: China will scrap quarantine measures for overseas arrivals starting Jan 8, health authorities announced Monday (Dec 27), after nearly three years of strict pandemic border restrictions. The National Health Commission (NHC) announced the downgraded containment measures for COVID-19 in an online notice, adding that travellers would only need a polymerase chain reaction (PCR) test taken 48 hours pre-flight to enter China. ADVERTISEMENT The announcement is the latest move by Beijing to loosen its zero-COVID regime, after it abruptly dropped mandatory testing and lockdowns earlier this month. " According to the national health quarantine law, infectious disease quarantine measures will no longer be taken against inbound travellers and goods," the National Health Commission said. " People must take a PCR test in the 48 hours before arriving in China," the notice said, adding that restrictions limiting the number of international flights will also be abolished. The measures will take effect from Jan 8, when COVID-19 will be downgraded from the top tier of infectious diseases, Class A, to a second tier Class B, the NHC said in a separate notice Monday. Unlike most of the rest of the world where people have transitioned to living with the pandemic, China had until recently maintained harsh restrictions and largely sealed itself off. Since March 2020, all passengers arriving in the country had to undergo at least two weeks of mandatory centralised quarantine, later increased to three weeks. The measures heavily disrupted international tourism and business travel, further hampering the country' s COVID-battered economy. Uneven quarantine hotel conditions, harsh visa restrictions and steep flight prices caused by heavily reduced international routes also precipitated a mass exodus of expatriates from the country in recent years. But earlier this year, China slightly loosened visa restrictions, allowing direct relatives of Chinese citizens to apply for family reunion visas. An increasing number of world leaders have also visited since the Beijing Winter Olympics in February. |
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ozone2002
Supreme |
23-Dec-2022 12:12
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0.81 +0.015 beneficiary of China reopening 20% below NAV time to jump on the bandwagon as air travel to China opens up
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tedlim
Veteran |
23-Dec-2022 07:36
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China to cut quarantine for overseas travellers next month CHINA plans to cut quarantine requirements for overseas travellers in January, according to people familiar with the matter, as the country dismantles the last vestiges of its Covid Zero policy. Officials are considering a &ldquo 0+3&rdquo policy, where the requirement to spend time in a quarantine hotel or isolation facility would be scrapped, and arrivals into the country instead subject to three days of monitoring, one of the people said, asking not to be identified as the discussions are not public. It&rsquo s not immediately clear what form that monitoring may take, or if it would require quarantining at home. Details of the plan are still being finalised, including when it will start in January. China currently requires travellers to quarantine at a hotel or other facility for at least the first five days after arrival. Those with a residence in the city where they enter China are then allowed to spend the next three days at home, though are barred from leaving that location. That regime, imposed when infections inside China were suppressed by the mass testing and harsh lockdowns that were the hallmarks of Covid Zero, has become increasingly irrelevant after authorities began taking rapid steps to reopen the economy. After trying to eliminate Covid for three years, China is now letting it circulate widely, dismantling the vast network of restrictions almost overnight. The abrupt move has resulted in an explosion in cases and reports of uncounted Covid deaths are mounting. The National Health Commission didn&rsquo t respond to requests for comment. Last week, the South China Morning Post reported that the border between Hong Kong and mainland China was set to fully reopen early next month, suggesting authorities in Beijing were preparing to reduce restrictions on travel. Hong Kong&rsquo s Under Secretary for Transport and Logistics Liu Chun-san said that the city was preparing to resume its high-speed rail services with mainland China. The world&rsquo s second-largest economy has been largely cut off from the rest of the world since early 2020, when China first imposed a blanket ban on overseas travellers. While that ban has been incrementally relaxed since then, the rules have remained restrictive enough to discourage the vast majority of travellers. Mandatory quarantine has also kept Chinese at home, choking off what was a lucrative source of tourists for many parts of the world pre-pandemic. Since late November, however, when thousands protested against Covid Zero&rsquo s harsh measures in cities across China, the government has quickly rolled back many of its pandemic-related restrictions. That abrupt reversal has confused experts and triggered concerns that a still relatively low rate of vaccination among the elderly will lead to high numbers of deaths. BLOOMBERG |
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tedlim
Veteran |
22-Dec-2022 05:54
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China&rsquo s jet fuel demand expected to rise in 2023 by 43% THE resumption of flights in China, Asia&rsquo s top jet fuel consumer, should provide a tailwind for a recovery in demand for aviation fuel across Asia in 2023 although the journey could be a bumpy one. Among oil products, jet fuel is expected to be the last to return to pre-Covid demand levels in Asia as countries have various rules on reopening borders and quarantine measures that may deter travellers. A full recovery in jet fuel consumption will boost Asian refiners&rsquo margins and crude demand further, lifting global prices. China relaxed Covid-19 restrictions in early December, prompting airlines to add more domestic flights. In the week of Dec 18, the number of operating flights in China rose by 41.7 per cent from a week earlier to 51,000, Variflight data showed. Domestic air passenger volumes rose for a second consecutive week to 5.137 million, up 39 per cent from the previous week, even though it was still 13 per cent lower than a year ago, it added. That led to a 75 per cent rebound, or nearly 170,000 barrels per day (bpd), in China&rsquo s jet fuel demand in the last two weeks, Kayrros data showed. That surge in demand should carry over to next year. The International Energy Agency expects China&rsquo s jet fuel demand to rise in 2023 by 43 per cent from a year earlier to 701,000 bpd, according to its latest monthly report, though this would still be lower than the 733,000 bpd consumed in 2021. &ldquo Demand in China for jet fuel is the key to change fundamentals,&rdquo said KY Lin, spokesperson at Formosa Petrochemical, Asia&rsquo s leading fuel exporter. The increase in Chinese jet travel is part of a broader jump across Asia that should boost fuel consumption in 2023. Scheduled airline capacities from North-east and South-east Asia are up by 22 per cent and 73 per cent, respectively, in the first half of December, according to global travel data provider OAG, boosted by holiday travel and as more countries open their doors to tourists. Already, export-oriented refiners in South Korea and Taiwan have sold 2023 jet fuel supplies at premiums of US$2-US$3 a barrel above Singapore benchmark prices, up from about 50 US cents a barrel or less for 2022 supplies, reflecting a positive demand outlook for Asia, a Singapore-based trader said. Uncertainty China has aimed to increase the number of flights and restore the country&rsquo s average daily passenger volumes to 70 per cent of 2019 levels by Jan 6, financial news outlet Caixin reported, citing a document from the aviation regulator. However, forecasts for several waves of Covid-19 infections across the world&rsquo s most populous country could deter travellers and hamper a full jet fuel demand recovery in the short term, several China-based fuel traders said. A total recovery hinges on the resumption of international flights which consume more fuel, they added. Additionally, should growing domestic demand for the fuel ultimately materialise, it may lead Chinese majors to curb exports, said FPCC spokesperson KY Lin. State refiners have boosted fuel exports after Beijing unexpectedly allocated a big batch of quotas in October to boost its economy, against a backdrop of healthy jet fuel cracks. China&rsquo s jet fuel exports surged above 1 million tonnes per month between September and November, almost 50 per cent higher than the January-August monthly average, customs data showed. |
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tedlim
Veteran |
14-Dec-2022 17:38
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China fuel demand outlook brightens as road, air traffic jump after Covid curbs ease ROAD and air traffic in China, the world&rsquo s second-biggest oil consumer, has rebounded sharply after a significant easing in the country&rsquo s Covid-19 restrictions, boosting the outlook for fuel demand and supporting crude prices. After almost three years of pursuing a policy targeting zero Covid cases, China last week abandoned many key curbs, including dropping frequent virus testing, relaxing quarantine rules and scrapping travel tracking. The changes immediately triggered a significant rise in mobility, with road and air transport picking up for the first time in almost two months, according to data from the transport ministry, travel analytics firms and energy consultancies. The global energy market is watching China&rsquo s recovering mobility closely. Demand in the world&rsquo s top oil buyer is expected to contract for the first time in two decades this year due to widespread lockdowns. &ldquo Given the faster pace of reopening, we now expect mobility to normalise &ndash reaching the June-July 2022 levels &ndash by end-March 2023 versus our prior expectation of May/June,&rdquo Morgan Stanley analysts wrote in a note on Wednesday (Dec 14). Bank of America Global Research analysts said they expected global oil benchmark Brent could quickly rise past US$90 per barrel from current US$80, partly on the back of a &ldquo successful&rdquo economic reopening by China. Weekly domestic air passenger volumes jumped 68 per cent last week from the prior week to 3.7 million &ndash the biggest hike since the Chinese New Year holiday in February, according to aviation data provider Variflight. That number is still 37 per cent lower than a year earlier and 68 per cent lower than 2019, however. The number of trucks travelling on highways also saw the first rebound last week since early October, according to data from the Ministry of Transportation. Areas accounting for almost 20 per cent of China&rsquo s total gross domestic product had been under some form of lockdown in November, according to brokerage Nomura, prompting rare protests against the stringent Covid measures. Local authorities have now lifted lockdowns in areas with Covid cases and stopped frequent testing of truck drivers. No temporary shutdowns of highway tolls have been recorded since Dec 8, transport ministry data showed. An index compiled by Chinese fleet management company G7 showing the movement of fully laden trucks in China last week rose from a near-two month low in late November to close to the level of the same period in 2019. Analysts sounded a note of caution, however, as an explosion in Covid cases could hamper the recent momentum in mobility. &ldquo We believe such an improvement may stall or even reverse, as more travelling may lead to a wider spread of Omicron in the winter across the country,&rdquo said analysts from Nomura in a note on Tuesday, referring to the highly transmissible strain of Covid-19. Chinese leaders have reportedly delayed a key economic policy meeting amid growing signs that Covid infections are surging in Beijing. The country reported more than 7,000 Covid cases on both Sunday and Monday, but the actual infections could be far higher as Covid tests are no longer mandatory. The road congestion index for Beijing over the past seven days is well below the same period last year, possibly indicating that residents are less willing to travel due to the sharp rise in Covid cases. It is unclear how many people will travel during the Chinese New Year holiday next month, normally a period of peak travel when city residents return to their home regions to celebrate with family. Fuel traders appear optimistic, however. China&rsquo s commercial petrol inventories fell last week for the first time since the seven-day National Day vacation period in early October, data compiled by consultancy Longzhong showed, as traders increased purchases in anticipation of stronger petrol demand. |
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Observers
Elite |
12-Dec-2022 07:41
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I think the most impt takeaway from this pandemic for the company is that they are able to withstand global pandemic level aviation industry disruption. | ||||
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tedlim
Veteran |
12-Dec-2022 07:00
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China Civil Aviation Industry: Country to double international flights as new flight season https://news.cgtn.com/news/2022-10-27/VHJhbnNjcmlwdDY5MDQz/index.html China will increase the number of its international flights by nearly 106 percent year on year during the winter and spring operation season. Officials say the number of international flights is expected to reach 420 per week between October 30 and March 25 next year. Many of China' s major airlines have also taken measures to facilitate international travel. China Southern, for example, will resume weekly flights from Guangzhou to New York in December. And China Eastern will double its international flights to over 100 per week by the end of this month. Authorities say the number of passengers on international routes saw a significant growth in the third quarter of this year. |
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WBdisciple
Elite |
10-Dec-2022 09:20
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What the Chinese is feeling now is exactly what Singaporeans felt when reopening started: 1. Is it safe? 2. What happens if i get infected? 3. How to adjust to lifestyle post pandemic? Look at us now...everything is almost back to normal right after re-opening.. |
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