Briefly

Floatover installation of platform finished

Chinese State-owned oil and gas giant China National Offshore Oil Corp said it finished the floatover installation of its Enping15-1 platform on Monday. With this, China's design, construction and installation capabilities of super large offshore oil and gas production facilities have reached an advanced level matching international standards, CNOOC said. Floatover installation is an effective installation method for topsides of offshore platforms and has become a cost-effective alternative to offshore construction over the past few decades.

Shipbuilder undocks largest containership

The world's largest containership with a capacity 24,116 twenty-foot equivalent units or TEUs was undocked at the shipyard of its builder Hudong-Zhonghua Shipbuilding (Group) Co Ltd, a unit of the world's largest shipbuilder China State Shipbuilding Corp, in Shanghai on Monday. It marks another breakthrough for the Chinese shipbuilder in building ultra large container vessels. The ship, designed independently by Hudong-Zhonghua, is almost 400 meters long and 61.5 meters wide.

First half sees new rail lines of 2,000 km

A total of 2,043.5 kilometers of new railway lines were put into operation across China in the first half of this year, according to the country's railway operator. This includes around 996 km of new high-speed railway or HSR tracks, data from China State Railway Group Co Ltd showed. About 1,462 km of new railway lines were put into service in June alone, accounting for over 70 percent of the total new railways launched in the first half.

H1 farm loans grow to nearly $7 trillion

China's loans to rural areas, households and the agriculture sector recorded steady growth in the first half, according to a report released by the People's Bank of China, the country's central bank. By the end of June, the country's outstanding agriculture-related loans in yuan and foreign currencies reached 47 trillion yuan ($6.98 trillion), up 13 percent year-on-year. The loans climbed by 4.07 trillion yuan in the first half, which is 1.05 trillion yuan more than the same period last year, the report showed.

Xinhua - China Daily