As China consumes more LPG to feed its propane dehydrogenation plants, LPG imports could set a new record this year. Grieg Shipbrokers noted that China's average monthly LPG imports have gone up from ...
China’s LPG imports may exceed 8 million tonnes in 2015
Port of Gothenburg freezes tariffs for 2016
In a boost to shipping companies and their customers, the largest port in the Nordics has announced that port charges for 2016 will be the same as this year's. The significance of this is borne out by ...
DSME calls off plan for shipyard in China
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering, which has been struggling with massive losses, has called off plans to build a shipyard in Dandong, China. In 2012, DSME signed a ...
Busan Port gets USD242 million development Budget for 2016
More money has been allocated to develop Busan port in 2016 Busan Regional Oceans & Fisheries Administration has announced. A KRW278 billion (USD242 million) budget has been set aside to finance ...
Royal Malaysian Navy establishes special squad to combat piracy
The Royal Malaysian Navy has set up a special squad code-named the "Quick Reaction Force" (QRF) to combat piracy. The 14-man squad comprises two teams, namely the sharpshooters and a strike force, ...
Daya’s subsidiary wins USD19.9 million subcontract from Axima
Malaysia-listed oil and gas company Daya Materials' (Daya's) subsidiary Daya OCI has secured a EUR17.7 million (USD19.9 million) subcontract from France-based Axima Concept (Axima). Under the ...
French connection brings navy work for Malaysia’s Daya
Malaysia-listed oil and gas company Daya Materials' subsidiary Daya OCI has secured a EUR17.7 million (USD19.9 million) subcontract from Axima Concept of France. Under the subcontract, equipment ...
Oriental Energy inks charter contract for eight VLGCs
Shenzhen-listed Chinese liquefied petroleum gas (LPG) trader Oriental Energy has signed a charter agreement with its controlling shareholder Oriental Petroleum (Yangtze). Under the agreement, Oriental ...
State approves new coal terminal for Australia’s Newcastle
The world's biggest coal port in Newcastle, Australia, is about to get bigger. State approval has come through for an AUD5.0 billion (USD3.6 billion) additional coal loader for Port Waratah Coal ...
CMES projects January–September 2015 profits to quadruple
Shanghai-listed China Merchants Energy Shipping (CMES) projects its January-September 2015 profit to surge 400-430% from a year ago. The expected increase in profit is driven by the company's ...
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