Asia
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Sebi initiates insider trading probe on Pipavav Defence stock
Mumbai: The stock of shipbuilder Pipavav Defence & Offshore Engineering Co Ltd slipped as much as 4.5% in early trades…
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Gas exploration success for Eni in Indonesia and Libya
Jakarta: Energy group Eni has announced that it has completed post drilling studies on the Merakes-1 gas finding at East…
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Vitol charters first LR3 with naphtha cargo to go east
London: The first ever LR3 tanker to transport naphtha cargo to the Far East has been chartered by Vitol, reports…
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Sekwang Shipbuilding rehabilitated, looking for chemical tanker orders
Seoul: Under new ownership a bust Korean shipyard is looking to get back into shipbuilding, likely to the chagrin of…
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New Delhi approves new scheme to push coastal shipping
New Delhi: The Indian government has approved a new scheme for providing support to major ports for the creation of…
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Indian port, dock workers call off strike
New Delhi: The indefinite strike announced by Indian port and dock workers from Monday, March 16, in protest against the…
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Tulsiani to step down as chief of Gujarat Pipavav Port
Mumbai: Prakash Tulsiani is to step down from his post of managing director of Gujarat Pipavav Port Ltd from May…
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Japanese builders working on liquid nitrogen carriers
Tokyo: Japan Inc has set the wheels in motion for a future energy mix involving hydrogen and to this end…
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Adani to set up $192m container terminal at Ennore
Chennai: The $9bn Adani Group, which owns and operates facilities at five ports – Mundra, Hazira, Dahej, Visakhapatnam and Goa…
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Gorgon LNG set to flow by year-end
Sydney: The first shipments from Chevron’s giant Gorgon LNG project will commence before year-end, some 12-month later than initially planned.…
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‘Business unusual’: PSA on challenges wrought by the mega boxship era
Singapore: Latest figures from Singapore terminal operator PSA show just how tricky the sector has become in the mega boxship…
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New gas star set to rise in Japan
Tokyo: Effective April 1 a new name in LPG shipping is set to rise from Japan. Gyxis Corporation is the…
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Petronas falls short in fundraising goal
Kuala Lumpur: Asia’s second-largest dollar bond issue was concluded today to muted applause. Malaysian energy giant Petronas’s $5bn deal was…
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Pasir Panjang accelerates expansion project
Singapore: The expansion project for the Pasir Panjang container port in the southwest of Singapore, are being accelerated to meet…
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BW LPG announces Ackermann as new CEO
Singapore: BW LPG has unveiled its new ceo, Martin Ackermann, currently the ceo of gas ship operator Evergas. Ackermann has…
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Cambodia looks at creating national oil firm
Kuala Lumpur: Cambodia’s Ministry of Mines and Energy is considering developing a national oil company. According to Meng Saktheara, a…
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CCCC sustains massive losses in suspended Colombo Port City project
Colombo: The suspension of all ongoing work at the Colombo Port City project, following the Sri Lankan government’s official communication…
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Ranatunga plays sweep shot at Colombo port
Colombo: A proper junk clearing mechanism is to be introduced at Colombo Port with the aim of converting it into…
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NYK employee gets 15 months in US jail for price fixing conspiracy
San Francisco: An employee of Japanese shipping giant NYK was sentenced to 15 months in a US prison and fined…
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Singapore invests further in maritime talent development
Singapore: The Maritime and Port Authority of Singapore (MPA) has injected another S$65m ($46.9m) into the Maritime Cluster Fund Manpower…
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