Asia Logistics News - page 2

 

Groundbreaking Ceremony Held for Kuala Linggi International Port Project

Jan 31, 2024

A groundbreaking ceremony marked the official start of construction for the RM15 billion (US$3.2 billion) Kuala Linggi International Port (KLIP) project in Malaysia.Scheduled for completion by 2027, KLIP's vision is to transform Kuala Sungai…

Heavy Fog Suspends Shipping at Chinese Ports

Jan 30, 2024

Heavy fog has suspended the operation of ships travelling through the Qiongzhou Strait off the coast of China's Guangdong province and several cities, including Shanghai, have issued warning advisories, Chinese state media reported on Wednesday…

Russian Oil Facilities Hit by Drone Attacks, Fires

Jan 29, 2024

Russia energy infrastructure has been hit by drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East.Russia and Ukraine have targeted each other's energy…

India to Become Main Driver of Incremental Oil Use by 2030

Jan 23, 2024

India's petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030.Urbanisation, industrialisation and the growth of the middle class…

Russia's Ust-Luga Port Continues Crude, Fuel Exports While Novatek Terminal Shut

Jan 23, 2024

The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek's terminal which remained closed after being damaged by fire, according to data from LSEG and industry sources.Novatek said on Sunday it had been…

Red Sea Shipping Attacks Pressure China's Exporters

Jan 22, 2024

For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe…

ONE Orders 12 Methanol Dual-Fuel Containerships

Jan 17, 2024

Japanese shipping company Ocean Network Express (ONE) has signed shipbuilding contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for the construction of 12 13,000 TEU methanol dual-fuel containerships.Each shipyard will build six vessels and are all scheduled to be delivered from 2027…

Indian Exporters Face Rising Costs After Houthi Red Sea Attacks

Jan 15, 2024

The cost of Indian exports has more than doubled due to the Yemeni Houthi militia's attacks on ships in the Red Sea, industry officials said on Monday.Around 80% of India's goods trade with Europe, estimated at nearly $14 billion a month, normally passes via the Red Sea…

Russia Considers Gasoline Export Ban

Jan 15, 2024

The Russian government is considering a ban on gasoline exports after an incident at Lukoil's NORSI oil refinery in Nizhny Novgorod, Interfax news agency reported on Monday, citing sources.The refinery may halve high-octane gasoline output after an emergency stoppage at a catalytic cracking unit…

India Sees December Exports Boost, But All Eyes on Red Sea

Jan 15, 2024

Higher exports helped India's merchandise trade deficit come in lower than expected at $19.8 billion in December, data showed on Monday, though officials signalled that the turmoil in the Red Sea could have an impact on this month's figures…

Singapore Picks Pilot Vessel Charging Concepts

Jan 10, 2024

The Maritime and Port Authority of Singapore (MPA) has selected companies that will pilot their vessel charging concepts in Singapore.The selection follows the call for proposal (CFP) by MPA in August 2023 to develop, operate, and maintain e-HC charging points in Singapore…

Nakilat Grows Fleet with Six New LNG and LPG Carriers

Jan 09, 2024

Qatar-based energy shipping company Nakilat has placed orders to with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of six new LNG and LPG carriers.The order includes two LNG carriers with a cargo capacity of 174…

NYK Orders Man Energy Engines for Four LNG Carriers

Jan 09, 2024

Japanese shipping giant NYK has ordered eight ME-GA engines from Man Energy Solutions for four liquefied natural gas (LNG) carriers.The order is for eight 5G70ME-GA Mk. 10.5 engines related to the construction of four 174,000 cbm. LNG carriers by NYK…

Adani Ports to Raise Up to $601 Million by Selling Debentures

Jan 03, 2024

Adani Ports and Special Economic Zone, India's largest private port operator, will raise up to 50 billion rupees ($600.6 million) by selling non-convertible debentures, it said on Wednesday.Billionaire Gautam Adani was re-designated as executive…

CMA CGM Hikes Shipping Rates Between Asia and Mediterranean

Jan 02, 2024

Unlisted French shipping group CMA CGM increased its container shipping rates from Asia to the Mediterranean region by up to 100% as of Jan. 15 compared to Jan. 1, it said on its website on Tuesday.A CMA CGM spokesperson declined to provide…

Logistics News

JSI Alliance Completes Scope of Work in Basrah Refinery Upgrading Project

JSI Alliance Completes Scope of Work in Basrah Refinery Upgrading Project

Singapore Marine Biofuel Premiums Drop Further on Soft Demand

Singapore Marine Biofuel Premiums Drop Further on Soft Demand

New Study Offers Safety Recommendations for Green Shipping Corridors

New Study Offers Safety Recommendations for Green Shipping Corridors

SAMPOL Awarded Shore Power Contract from Port of València

SAMPOL Awarded Shore Power Contract from Port of València

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