Asia Logistics News - page 3

 

Russian LNG Exports to Europe Fell 1.9% in 2023

Jan 02, 2024

Russian exports of liquefied natural gas (LNG) to Europe fell 1.9% to 15.8 million metric tons in 2023, and LNG exports to Asia fell 11% to 14.9 million tons, LSEG data showed on Tuesday.Europe increased purchases of LNG from global producers…

Oil Loadings Resume from Russia's Port of Novorossiisk After Storm

Dec 28, 2023

Oil loadings from Russia's Black Sea port of Novorossiisk have resumed after being suspended due to a storm on Dec. 27, two sources familiar with the matter told Reuters on Thursday.The port will likely be able to ship all the crude volumes scheduled for December…

Foreign Shareholders Suspend Participation in Russia's Arctic LNG 2 Project

Dec 25, 2023

Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday…

Adani Ports Mulls Up to 10 Billion Rupees Debt Issue by March

Dec 14, 2023

India's Adani Ports and Special Economic Zone APSE.NS is mulling a fundraise of up to 10 billion rupees ($120 million) from a domestic rupee bond sale, its first since 2021, two bankers aware of the discussions said on Thursday.The country's…

DP World Partners with PIL in Net Zero Push

Dec 14, 2023

DP World announced it has signed a memorandum of understanding (MOU) with Pacific International Lines (PIL) to jointly develop green solutions to decarbonize global supply chains. The agreement pairs DP World, which handles around 10% of the world’s container trade…

Singapore Port Authority Seeks Methanol Bunker Supply Proposals

Dec 14, 2023

Singapore's Maritime and Port Authority (MPA) said on Thursday it was seeking proposals from companies to supply methanol as a marine bunker fuel at Singapore from 2025.The call emerged ahead of an expected uptick in methanol-powered ships,…

JV Aims to Strengthen Shipping Between Middle East and Central Asia

Dec 13, 2023

AD Ports Group has signed an agreement with national railway company Kazakhstan Temir Zholy JSC (Kazakhstan Railways) to form a joint venture to enhance rail connectivity,  maritime shipping services, development of operations in Kazakhstan’s ports…

Environmental Groups Ask Lenders to Avoid LNG Project in Papua New Guinea

Dec 12, 2023

Major global lenders should refuse to finance a liquefied natural gas (LNG) project in Papua New Guinea to help keep global warming in check, civil society groups said on Wednesday, as some owners tap banks ahead of a final greenlight next year…

DP World Targets 60% Renewable Power at Indian Terminals by 2026

Dec 06, 2023

Emirati multinational logistics company DP World announced a new sustainability target in India, aiming for at least 60% of the energy required at its terminal operations to come from renewable power sources by 2026—a mirror of the Indian government's…

China Unlikely to Repeat Last Winter's Surge of Fuel Exports

Nov 21, 2023

A surge of diesel and gasoline exports from China in the last northern winter eased then-prevailing fuel shortages in Asia but a repeat performance this year is unlikely.China's exports of refined products have eased from high levels in recent months…

IHI, Vopak Ink Agreement to Develop Ammonia Terminals

Nov 21, 2023

Dutch tank storage company Vopak has signed an initial agreement with Japan's IHI Corporation to explore the development and operation of ammonia terminals, as they expect demand for the low-carbon fuel to grow amid energy transition.The companies…

Wallem Picks Up On Asian Project Cargo Opportunity

Nov 17, 2023

Six months after establishing a new project cargo team, Hong Kong-based ship management group Wallem estimates that it—and its clients—have accessed over 800,000 tonnes of business that would otherwise have gone elsewhere.Part of the group’s Ship Agency division…

DEME Secures Several Dredging Contracts in Asia

Nov 09, 2023

DEME announced it has won several capital and maintenance dredging contracts in India, the Maldives and Malaysia, worth €150 million-300 million combined.At Kakinada port in India, where DEME has frequently been performing dredging works, the…

US Working with Allies Over Sanctions on Russian Arctic LNG Project

Nov 08, 2023

The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday…

Putin Approves Transfer of State-owned Shares in Shipping Company to Rosatom

Nov 08, 2023

President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov…

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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