"Exceptionally cold weather sweeping through China has caused a huge increase in power demand in the world’s largest energy consumer and hampered transportation.
Frigid weather across north Asia has caught utilities and liquefied natural gas importers off guard as demand for power lowered inventories and pushed spot prices to record levels.
... Cities such as the eastern port city of Qingdao recorded the lowest temperature in history and the capital city Beijing had coldest day since the 1960s on Jan 7.
At least nine provincial grid systems in northern China saw peak power load hitting historic highs this week, according to China’s State Grid.
... Maritime administrations around Bohai Bay issued temporary shipping bans on Wednesday following strong wind and the expansion of sea ice to 40 sea miles from 10 sea miles in late December. The ice is expected to reach an alarming level of 60 sea miles in mid-January.
... Qinhuangdao port, one of the largest coal transporting hubs, recorded the biggest number of vessels waiting in anchorage on Thursday since September 2018 due to the harsh weather. ...
