South & Central Asia
US LNG changing the international gas market, IEA says
The global natural gas market is undergoing a major transformation driven by new supplies coming from the United States to meet growing demand in developing economies and as industry surpasses the power sector as the largest source of gas demand growth, according to the International Energy Agency.
Damen Hosts Dredging Seminar in Bangladesh
Damen has just announced that they successfully hosted a dredging seminar in Dhaka, Bangladesh, on Tuesday, 11th July 2017. The event was attended by over 100 representatives from the Dutch Embassy in Bangladesh, experts from the Bangladesh Government, the Bangladesh Navy, local financing institutio
Bulker Zhen Bang Arrested in Singapore
A Panamax bulk carrier has been detained in Singapore waters, Supreme Court of Singapore’s data shows. The 79,400 dwt Zhen Bang, operated by Grand China Logistics, was arrested at around 11:00 A.M on July 12, 2017. The reason for the bulker’s detention was not disclosed. Focal Investigation & Securi
Australia to map tidal energy potential
Australian Renewable Energy Agency (ARENA) has provided funding for the study that will map and explore the future potential of tidal energy resource in Australia.
Sustainability: ‘When in Doubt, Leave it to the Market’
“Whenever it’s becoming too difficult to fix sustainability goals in contracts with suppliers, just leave it open,” says Andre van Hassent, Asset Manager at Port of Rotterdam. “Taking a chance by stimulating the market’s initiatives by creating incentives will yield great results.” Van Hassent spoke
NGO: 158 Ships Hit South Asian Beaches in Q2
Out of 210 ships, which were broken in the second quarter of 2017, a total of 158 ended up on South Asian beaches for breaking, according to the latest report by NGO Shipbreaking Platform. The worst dumping country this quarter was Germany with 16 beached ships, a consequence of the multiple bankrup
Mercator Lines Back to Square One
Singapore-listed Mercator Lines, which was put under judicial management in 2016, will have to start over its efforts to find potential investors after a decision by judicial manager to terminate a previously agreed bailout scheme for the troubled bulk carrier. Namely, in April the company entered i
China to develop 100 mln tons of LNG import capacity by 2025
China’s National Development and Reform Commission said the country’s liquefied natural gas (LNG) receiving capacity could reach 100 million tons by 2025.
IFC, Excelerate Secure Funds for 1st Bangladeshi LNG Project
Excelerate Energy Bangladesh Limited (Excelerate) and IFC, a member of the World Bank Group, have secured debt financing for Bangladesh’s first liquefied natural gas (LNG) import terminal. The equity for the country’s Moheshkhali Floating LNG project had been tied up earlier with IFC coming in with
Natural gas growth to outstrip all other energy sources, Cedigaz says
Worldwide natural gas demand is expected to rise 1.6% per year during 2014-35 and this growth in absolute terms would outstrip that of all other energy sources, a study released by the French international association for gas, Cedigaz, said Tuesday. Cedigaz sees natural gas and LNG as “a key transit
OFE: MRs Are the Bright Spot of Asian Crude Market
As newbuilding deliveries would continue to keep a lid on product tanker rates in Asia over the third quarter of 2017, things seem to be a little brighter for the MR segment. According to Ocean Freight Exchange (OFE), the pace of deliveries is expected to pick up in the second half of the year, brin
Inpex to boost LNG value chain development
Japan’s Inpex will set up a Gas Business Development Unit as it looks to strengthen its LNG and natural gas marketing functions.