Philippines Greenlights LNG Terminal Project
Philippine power producer First Gen Corp said on Friday it has learned that the Department of Energy has approved its application for a Notice to Proceed (NTP) for the construction of its FGEN Batangas LNG Terminal Project.First Gen, which operates four power plants with a combined capacity of 2,000 megawatts running on the Philippines' Malampaya natural gas, said it has yet to received a formal notice from the DOE on the issuance of NTP.First Gen, with Tokyo Gas Co Ltd as its LNG partner, is seeking to ensure availability of imported gas for its power plants ahead of Malampaya's depletion pos
Port of Manila Cargo Flow Improves
The Port of Manila decongested its yard space by removing some overstaying containers said a port representative.The collaborative synergy between Asian Terminals Inc. (ATI), port authorities and international shipping lines has yielded positive gains in significantly freeing up yard space and further easing cargo flows at the international gateway port Manila South Harbor.As of March 4, yard utilization at Manila South Harbor has reached optimal levels at 65 percent from high 90s in preceding weeks…
Global Piracy Up in 2018, Gulf of Guinea Leads
Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) latest annual piracy report reveals.Worldwide, the IMB Piracy Reporting Centre (PRC) recorded 201 incidents of maritime piracy and armed robbery in 2018, up from 180 in 2017.The Gulf of Guinea remains increasingly dangerous for seafarers. Reports of attacks in waters between the Ivory Coast and the Democratic Republic of Congo more than doubled in 2018…
Phoenix Petroleum to Build Philippines First LNG Terminal
Philippines fuel retailing firm Phoenix Petroleum said it won government approval to build the country’s first liquefied natural gas (LNG) import terminal in partnership with China National Offshore Oil Corp (CNOOC).The Department of Energy (DOE) has granted notice to proceed (NTP) to their joint venture firm Tanglawan Philippines LNG Inc. to build an LNG terminal in Batangas.Phoenix Petroleum said in a stock exchange annoucement that it plans to break ground on the facility within the year.
Philippine's Batangas Port Hits Record Cargo Volume in November
The Batangas International Port or locally known as the Batangas Pier in Philippines said that Batangas Container Terminal (BCT), managed by listed Asian Terminals Inc.(ATI), has continuously stepped up its role as international trade facilitator in Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) and has effectively helped decongest Metro Manila roads.Early in November, BCT achieved a new operations milestone as it broke through the 200,000-TEU (twenty-foot equivalent…
Manila Ports Utilization Remains Healthy
Philippine Ports Authority (PPA) informed that the cargo volume in the country has registered a modest hike in the first seven months of the year despite the sluggish performances from almost all aspects of local and foreign trade.Latest data from the Philippine Ports Authority (PPA) showed that Philippine cargo traffic totaled 147.271 million metric tons (MMT) in the January to July 2018 period or a 2% hike compared to the 144.412 MMT handled in the same period last year.The…
Philippines Short-lists Three Groups for LNG Terminal Project
The Philippines has short-listed three different groups to build and operate its first liquefied natural gas (LNG) import terminal and hopes to nominate one by November, its energy minister said on Tuesday.Short-listed companies were chosen from 18 groups that submitted proposals for the project, Alfonso Cusi told Reuters on the sidelines of the Singapore International Energy Week.They include state-owned Philippines National Oil Company (PNOC), which is seeking a partner for the project…
APL Adds Port Calls to CP1 Service
APL, one of the world’s leading ocean carriers, announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines. This development extends the market coverage of the shortsea service that links South China and the Philippines. Each week, the enhanced CP1 service will directly call the Batangas port, facilitating shipments into and out of the economically-thriving Calabarzon region in the Philippines.
APL Adds Port Calls to CP1 Service
APL announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines. This development extends the market coverage of the shortsea service that links South China and the Philippines. Each week, the enhanced CP1 service will directly call the Batangas port, facilitating shipments into and out of the economically-thriving Calabarzon region in the Philippines. Besides expecting an improved connectivity between China and the Philippines…
Ship Owner to Pay Ransom for Indonesian Hostages
Indonesian government said that the company that owns the hijacked tugboat Brahma 12 has agreed to pay the 50-million-peso ($1 million) ransom demanded by the Philippine rebel group Abu Sayyaf for the release of 10 Indonesian crewmembers who have been held hostage since March 26. Indonesia's Coordinating Minister for Political, Legal and Security Affairs Luhut Pandjaitan confirmed this, saying the company and the militants, believed to be linked to Abu Sayyaf, may next communicate today. Negotiations for the handover of the money and the captives are still ongoing, said Luhut.
DP World in Philippines Talks
Dubai-based DP World Group chairman and CEO Sultan Ahmed bin Sulayem has held discussions with senior Philippines officials on trade and business opportunities. DP World is present in the Philippines through its stake in Asian Terminals Inc., which operates the modern South Harbour in Manila. ATI is the sole container terminal and multi-cargo port operator of South Harbour, the Philippines' key terminal in the country's biggest market providing services for containerised and non-containerised cargoes and passengers.
First Gen Set to Build LNG Terminal
First Gen Corp. hopes to secure a partner for its planned $1-billion liquefied natural gas (LNG) import terminal in Batangas this year as the company gears up for the project’s construction phase in 2016, reports local media. The Lopez-controlled company is currently in talks with possible partners, according to First Gen President and Chief Operating Officer Francis Giles B. Puno. “We hope to announce a partner by the end of the year. It could be multiple partners, both local and foreign. We are talking to a number of them,” he said.
New Appointments at Keppel Strengthen Growth
The Board and Management of Keppel Offshore & Marine Ltd (Keppel O&M) wish to announce several new appointments as part of ongoing efforts to put in place a strong leadership team to continually reinforce the Group's growth strategy. Mr Michael Chia, 59, has been appointed Managing Director (Marine) of Keppel O&M and will oversee Keppel O&M's Marine Division which includes Keppel Shipyard, Keppel Singmarine and other marine-related overseas yards. Mr Chia will concurrently hold…