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Putin hails energy security boost from Russia’s first LNG floating storage

President Vladimir Putin opened Russia’s first liquefied natural gas (LNG) floating storage and regasification unit (FSRU) on Tuesday, saying it bolsters the country’s energy security. The Marshal Vasilevskiy FSRU has been set up in Kaliningrad, wedged between European Union members Poland and Lithuania, by Russian energy giant Gazprom to bypass pipeline gas deliveries via Lithuania in case transit is disrupted. Moscow’s decision to set up the FSRU was in part to reduce gas transit risks to Kaliningrad, home to a Baltic Fleet base, as the EU steps up efforts to ...

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Enhancement of Intra-Asia Shortsea Network with the Launch of China South East Asia Express (CSX) Service

At APL, we constantly look at ways to provide our customers competitive and reliable transport solutions. As such, we have enhanced our Intra-Asia Shortsea network with the launch of China Southeast Asia Express (CSX), which is a direct service linking Taiwan, South China with Subic Bay, Batangas, General Santos & Davao. CSX Port Rotation Hong Kong – Chiwan – Kaohsiung – Subic Bay – Batangas – General Santos – Davao – Hong Kong CSX Effective Sailing Date Vessel and voyage TBA, ETA Hong Kong 18 Jan 2019 With the launch ...

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Trans-Pacific Trade – Service Update

In response to the expected low demand following the Lunar New Year holiday, we would like to inform you of the withdrawal of the following Trans-Pacific sailings: Pacific China Central 1 (PCC1) • OOCL UTAH (OTA) 030E/W: ETA Ningbo on February 9 in Week 6 for EASTBOUND, and ETA Long Beach on February 25 in Week 9 for WESTBOUND • Service resumes with OOCL TOKYO (OTY) 091E/W: ETA Ningbo on February 16 in Week 7 for EASTBOUND, and ETA Long Beach on March 4 in Week 10 for WESTBOUND Pacific ...

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“Betelgeuse” – 40th Anniversary of Loss

On the 8th January 1979 the entered tanker “Betelgeuse” was moored at Whiddy Island, Bantry Bay Ireland discharging a cargo of 114,000mt of crude oil when, at about 01:00hrs, she suddenly exploded. The explosion and fire caused the death of all 41 crew, one visitor and eight shore terminal workers. Tragically only 27 bodies were recovered. The vessel burned fiercely and eventually split in two, sinking 12 hours after the explosion in 40 metres of water. As part of the Club’s response to the casualty the firm of Smit & ...

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BPCL looks to revive plan to build terminal for imported LNG

State-run Bharat Petroleum Corp. Ltd (BPCL) may revive its plan to build a terminal for imported liquified natural gas (LNG) amid rising domestic demand for the clean fuel, two people aware of the development said. The regasification liquefied natural gas (R-LNG) terminal with a capacity of 1-to-3 million tonnes per annum (mtpa), was planned to be expandable to 5 mtpa later. “BPCL is currently deliberating its options for setting up the LNG terminal. It is exploring locations on both the east and west coasts. It may cost BPCL around ₹2,000 ...

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Gail India seeks LNG cargo for Jan-Feb delivery: sources

Gail (India) is seeking a liquefied natural gas (LNG) cargo for delivery in late January to February, two industry sources said. The cargo is for delivery over Jan. 20 to Feb. 5 on a delivered ex-ship (DES) Dabhoj/Dahej basis, one of them said. Offers are due by Jan. 8, the source added. India’s state-run Gujarat State Petroleum Corp (GSPC) and Indian Oil Corp (IOC) are also seeking LNG cargoes for delivery in the spot market, sources have said. Source: Reuters (Reporting by Jessica Jaganathan; Editing by Subhranshu Sahu)

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Pakistan’s coal imports to surge to 30 million tons per annum by 2020

Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the planned expansion of cement manufacturers and coal-based power plants scheduled to come online in a couple of years, Shariq Siddiqui, CEO of Pakistan International Bulk Terminal (PIBT) said. Talking to The News on Monday, Siddiqui said around 8.0 million tons of coal was imported by cement companies every year, while 12 million tons was imported by power plants including Sahiwal Power Plant and Port Qasim power plants. The ...

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Steel barrier at US-Mexico border could require up to 3 million st of steel: AISI

An all-steel barrier along the US-Mexico border could require as much as 3 million st of steel, the American Iron and Steel Institute said. US President Donald Trump said Sunday that his administration is now pursuing a steel barrier along the US-Mexico border, rather than the concrete wall he discussed while campaigning. “We’ve been in touch with a lot of people and I have informed my folks to say that we will build a steel barrier,” Trump told reporters Sunday in front of the White House. “It will be made ...

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German hard coal share dives to near 70-year low – study

Higher carbon prices last year drove the share of hard coal in Germany’s energy mix to its lowest level since 1949, making the end of its use “foreseeable”, Agora Energiewende said. The share of hard coal in Germany’s primary energy mix declined to 10% in 2018, down from 11% in 2017, while power output from hard coal also fell 11% to 83 TWh as carbon prices hit their highest level in 10 years, the Berlin-based think tank added in new study. “The farewell to the fuel that led to the ...

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US wheat rises for 2nd session on strong demand, soybean prices rebound

Chicago wheat futures rose for a second session on Wednesday, gaining nearly 1 percent on expectations of increased demand for U.S. cargoes as rival exporters in the Black Sea region run out of surplus supplies. Soybean prices bounced back and were set to gain for five out of six sessions, as Washington-Beijing trade talks boost hopes for higher U.S. soybean sales to top importer China. The most-active wheat contract on the Chicago Board of Trade had climbed 0.9 percent to $5.22-1/4 a bushel by 0227 GMT, having hit its highest ...

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Amidst stagnant prices, Coal India to auction another 30 mt of coal in Q4

Coal India is expected to put another 25-30 million tonne (mt) of coal under the hammer in the ongoing fiscal quarter. This is after e-auction volumes dipped following the decision to pump in more coal to the power sector via fuel supply agreements. The coal behemoth has been able to book 54 mt of coal via the e-auction route till December (first three fiscal quarters) as against 79 mt in the similar period of the last fiscal year, registering a 31.65 per cent dip. On the other hand, its offtake ...

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Steel sector to get boost from government budget spending, credit flow in Q4

A lot of speculations are rife on the probable state of the sector in 2019. Now that Brent crude oil price has declined, it is not likely to go up in the coming 2-3 months, despite the alleged production cuts by Opec (Organization of the Petroleum Exporting Countries). This alone has given some relief to current account deficit (CAD), although its positive impact has been minimised by depreciation of Indian rupee against dollar along with the rise in import arrivals of other items, including steel. The CAD stands at 2.7% ...

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China’s coal hub Shanxi establishes no-coal zones to curb pollution

A total of 11 prefecture-level cities in China’s coal hub Shanxi Province have established no-coal zones in its urban districts to tackle air pollution, local authorities said. The storage, sales and use of coal are all banned in the no-coal zones, according to the Shanxi Provincial Department of Ecology and Environment. The exceptions are made for coal-fired electricity generators, large-scale heat providers and industries that use coal as a raw material. The authorities said the area covered by the no-coal zones will be gradually expanded. Meanwhile, the sale or burning ...

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China’s Shandong independent refineries lift run rates to 65.2% in Dec

Combined run rates at China’s independent refineries in eastern Shandong province edged up to average 65.2% capacity in December, rebounding marginally after retreating from an eight-month high of 67.4% in October, according to a monthly survey by local information provider JLC. This brings the average run rate to 63.1% in 2018, up from 59.9% in 2017, although the December rate was still lower from a record high of 69.5% in December 2017. The increase was mainly attributed to the restart of several refineries from maintenance, though a few refineries have ...

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U.S. LNG producers face risk unless trade war resolved -energy group

The nascent U.S. liquefied natural gas export industry has been particularly vulnerable to the U.S.-China trade war, the head of the American Petroleum Institute industry group said, adding that he hopes negotiators will soon resolve the dispute. Mike Sommers, the president and CEO of the American Petroleum Institute, told reporters an escalating trade dispute could harm U.S. LNG producers, as other countries move in to fill any gap. “This is a leadership vacuum that will be filled by many of the United States’ opponents,” Sommers told reporters in a teleconference ...

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