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LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks. The vessels carry gas to Europe’s most active markets and include cargoes delivering on a spot basis and under long-term contracts. Estimated arrival dates are often revised by port authorities and AIS Live ship-tracking data on Reuters, and are updated below. Some tankers heading for Belgium and Britain may be loading at the terminal. Those expected to load are indicated with an (L). Tankers that have docked are indicated ...

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Cargo Incident Notification System receives BIC Award

The Bureau International des Containers (BIC) is pleased to announce that the Cargo Incident Notification System (CINS) has won the 2017 BIC Award. Presented annually, the award honors an individual or organization for notable contributions to safety, security, standardization, or sustainability in containerized transportation. The BIC Award was presented to Ken Rohlmann of Hapag Lloyd, CINS Vice Chairman, and Jean-Christophe Triat of the Mediterranean Shipping Company (MSC), two of the founding members of CINS, in recognition of the work that CINS is doing to share information and improve safety aboard ...

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London International Shipping Week Gala Dinner Raises £11,000 for Charity

London International Shipping Week’s Gala Dinner has raised £11,000 to be split between four leading maritime charities. The Mission to Seafarers, Seafarers UK, Apostleship of the Sea and Sailors’ Society will each receive equal shares to help fund their valuable work across the maritime industry. Almost 1,000 guests attended a gala dinner at the Grosvenor Hotel on the 14th September, one of the highlights of LISW, where there was a collection for the charities. Many of the events and presentations held during the week also incorporated a slide promoting the ...

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China Merchant to reveal plans for H’tota port

The China Merchant Port Holdings will declare its plans for the Hambantota port at the Ceylon Chamber of Commerce organized seminar titled ‘South Asia’s Emerging Gateway City. During the seminar China Merchant Port Holdings Company Deputy General Manager Hang Tian will declare the firm’s overall plan for the Hambantota port under the title ‘Road Map for Development of Hambantota Port.’ Agency for Development Strategies Managing Director Mangala P.B. Yapa and Sri Lanka Ports Authority Chairman Dr. Parakrama Dissanayake will also speak at the seminar. Yapa will speak under the theme ...

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Brazil eyes Namibian port as trade gateway to southern Africa

Brazil continues to show interest in working with Namibian entities to facilitate imports and exports between the two countries, as traction picks up on the Namibian logistics hub concept. Walvis Bay Corridor Group (WBCG), CEO, Johny Smith on Thursday said at a recent information session hosted by the WBCG in Walvis Bay, three Brazilian companies presented their company profiles to representatives from the mining, fisheries, manufacturing and logistics sectors. “Brazil being the closest and most industrialized international market by sea to the Southern African Development Community (SADC) region offers a ...

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Pakistani investors aim for LNG import terminal in early 2019

Three Pakistani industrial groups plan to begin importing liquefied natural gas (LNG) through a private terminal due to be completed in early 2019, bringing the total number of potential LNG import projects in the country to eight. Currently, Pakistan has only one active LNG import terminal at Port Qasim in Karachi but is seen by traders and suppliers as a major growth market key to soaking up a growing glut of the fuel on international markets. Yunus Brothers Group, Sapphire Group and the private backers of Pakistan’s Halmore Power Generation ...

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Thai PM supports Malaysia’s proposal for better port connectivity

Malaysia’s proposal for a better connectivity between Songkhla Port in southern Thailand and Penang Port has received a thumbs-up from Thai Prime Minister Gen Prayut Chan-o-cha. The premier said both countries would intensify discussions on the matter as it could be of mutual benefit. “We share the border, so, I think we should be joining hands. We should develop our economy together through increased connectivity such as our sea ports, customs borders and investment on both sides,” he told the media at the Government House in Bangkok on Friday. Earlier ...

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Iran Seeking Crude Market Expansion in Europe, Asia

Iran has increasingly expanded its footprint in the European oil market since last year’s lifting of sanctions, with ports and terminals in Europe taking in nearly 35% of Iranian crude exports. Following the easing of curbs on Iran’s energy sector in January 2016, a growing number of European companies joined the ranks of Iran’s crude oil customers. The third biggest producer of the Organization of Petroleum Exporting Countries is now competing over a market of about 4 million barrels a day that constitute Europe’s seaborne crude imports via tankers, Shana ...

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India to hit 170 million tonnes steel production level in 2019: Steel Minister

India will achieve more than 50 per cent of its 300 million tonne steel production target by 2018-19, says Union Steel Minister Chaudhary Birender Singh. The minister has also assured stakeholders that there will not be any shortage of raw materials for steel-making. “(As of now), I can’t say what would be the production this year, but in 2018-19, the domestic crude steel production will be 170 million tonnes (mt),” he told PTI. Under the National Steel Policy (NSP), the government has set a production target of 300 mt, which ...

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JSW Steel aims to to increase own iron ore production

JSW Steel Ltd, India’s biggest local steelmaker, aims to be producing 80 percent of the iron ore needed for its flagship plant in south India in three years time as it seeks to cut costs, a senior executive said. The company expects to begin producing ore from mines it won in a recent auction in the southern state of Karnataka by March, at an annual run rate of 4.7 million tonnes, Deputy Managing Director Vinod Nowal said, adding that it was also planning to bid for more mines in an ...

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Oil Trades Near $50 a Barrel After Decline in U.S. Drilling

Oil traded near $50 a barrel in New York, close to a three-month high, as a further reduction in U.S. drilling added to signs the global crude surplus is abating. West Texas Intermediate futures slipped 0.5 percent after advancing 5.1 percent last week. Rigs targeting crude fell by seven to 749, according to data Friday from Baker Hughes Inc. Drillers haven’t added any new machines during the past five weeks, capping in August the first monthly drop since May 2016. The third hurricane this month is tracking toward the Caribbean ...

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OPEC’s second-biggest producer could possibly split in two — and start an oil war

An oil-rich province in the north of Iraq plans to vote in a referendum on Kurdish independence later this month, prompting fears of regional conflict as tensions escalate over who owns a portion of the country’s crude. Kurdish forces have been in complete control of the province of Kirkuk — as well as other disputed areas — since the summer of 2014, when so-called Islamic State swept across parts of Iraq. In addition to being home to much of Iraq’s oil, the northern part of the country forms part of ...

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U.S. Oil Refiners to Profit from UN North Korea Sanctions

On Sep 11, the UN Security Council declared fresh sanctions against North Korea. It took only eight days after North Korea’s sixth and most powerful nuclear test for the UN to pass this resolution. The United States was initially demanding a complete oil embargo to fully paralyze the North Korean economy. But later the U.S. softened its demands and the UN ended up imposing restrictions on the rouge nation’s oil imports. The toughest-ever UN sanctions against North Korea also call for a complete ban on its import of natural gas ...

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Global oil glut is seen shrinking as markets tighten

Are the days of excess crude oil supplies in the global market coming to an end? Although supply still exceeds demand, indications are that the oil glut was shrinking thanks to strong European and US demand, as well as production declines in both Opec and non-Opec countries. The Vienna-based Opec recently forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-Opec states to cut output is helping tackle a glut. The International Energy Agency (IEA) expects global oil ...

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World stocks reach new peak as Fed-focused week begins

World stocks hit another record high on Monday and the dollar reached an eight-week peak against the yen on expectations the U.S. Federal Reserve will unveil plans this week to trim its bloated balance sheet. With no new actions by North Korea over the weekend, investors pushed Europe’s main share index  to a six-week high. MSCI’s broadest index of Asia-Pacific shares outside Japan had earlier risen to heights not visited since late 2007. That nudged MSCI’s index of world stocks to a new all-time high  while futures prices pointed to ...

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