South & Central Asia
DP World to Invest Over USD 1bn in India
Dubai’s port operator DP World is seeking investment opportunities in India worth over USD 1bn over the next few years, the group said. DP World has already invested capital of USD 1.2bn and is currently the only foreign operator with six port concessions in the country with approximately 30% market
Kakinada FSRU project granted environmental consent
India’s ministry of environment, forest and climate change recently granted the environmental and coastal regulation zone (CRZ) clearance for the proposed Kakinada FSRU project.
Report: Noble Group’s LNG traders jump ship
Hong Kong-based commodity trading house, Noble Group, has reportedly lost three of its LNG traders to the rival company Glencore of Switzerland.
One Dies, 26 Evacuated as Tanker Sinks in Malacca Strait
One crew member died while 26 more were evacuated after a 1983-built chemical tanker Nusantara Akbar started sinking in the Malacca Strait off Dumai, Indonesia, on Saturday night. The 107-meter-long vessel, which reportedly suffered a leak in its engine room, started taking on water and subsequently
Julong Dredging Raises the Bar
Julong Dredging & Mining Machinery Co., located in Qingzhou City, China, has more than 30 years of experience in designing and manufacturing a variety of high-quality dredging and mining machinery. The company focuses on the research, design and production of all kinds of dredging machines, water cl
South Korea: Kogas Jan sales climb
South Korea’s Kogas, the world’s largest corporate buyer of LNG, said its sales volume totaled 4.17 million mt in January, a rise of 3.4 percent as compared to the same month last year. Sales into the power sector were at 1.52 million mt, a drop of 2.7 percent, while the company’s city gas sales ros
Japan: Tokyo Gas sales decline in January
Total gas sales volume by Japan’s Tokyo Gas for the month of January came to about 1,574.341 million cubic meters, down 4.9 percent from January 2015.
Harris Pye and Tecnomar Ink MOU
Harris Pye Engineering and Singapore-based Tecnomar & Associates have signed a memorandum of understanding (MOU) to combine efforts, promote collaboration between the two companies, and to offer a wider range of services. “There is very definite synergy between our two organisations,” explains Don M
Popular news, February 8 – 14, 2016
Popular news, February 8 – 14, 2016
Top news of the week February 8-13, 2016
Shell says to use own cash to fund BG deal after cancelling $14.4 billion loan Hague-based LNG giant Shell said Thursday it has cancelled a US$14.4 billion bridge credit facility intended to fund its takeover of BG group. Petronas, Sabah Energy scrap Malaysian LNG project Petronas’ unit, Petronas Ga
NGO Shipbreaking Platform Slams Maersk’s Shipbreaking Plans
The NGO Shipbreaking Platform and Transport and Environment (T&E) have criticized Maersk Group’s decision to beach their end-of-life vessels in Alang, India, as the Danish shipping company aims to cut its ship recycling costs. Namely, Maersk announced that it wants to upgrade the facilities and prac
Cedigaz: Eastern Asian LNG imports down 3.9 pct in 2015
In 2015, LNG imports in Japan, South Korea, China and Taiwan reached a total of 152.8 Mt, which represents a 3.9% decrease compared to 2014 (159 Mt), according to the international association for natural gas, Cedigaz. The drop was steady throughout the year, even though it slowed down in the fourth