As Beijing looks to boost ship exports, Japan's Kawasaki Heavy Industry Ltd is likely to join state-run China Ocean Shipping Group to set up a $96.8 million shipyard in east China. The shipyard, a 50-50 joint venture, will design and build vessels of at least 160,000 dwt. There are also reports that South Korea's Samsung Heavy Industries Ltd is expected to set up a wholly-owned shipyard in China.
As Beijing looks to boost ship exports, Japan’s Kawasaki Heavy Industry Ltd. and state-run China Ocean Shipping Group have announced intentions to set up a $96.8 million shipyard in east China. The shipyard, to be located in Nantong in Jiangsu province, would be a 50/50 joint venture and would design and build vessels of at least 160,000 dwt. There was also report last week that South Korea’s Samsung Heavy Industries Ltd
Vinashin has joined forces with Korea’s Songsan Company to form a joint venture to produce steel structures for shipbuilding. The Songsan-Vinashin JV will invest $35m to build a factory in the northern Hai Duong Province. The steel mill is set to come on stream in the second quarter of 2008. The mill is designed to produce steel structures for shipbuilding yards including Vinashin, replacing imported products in the national industry.
According to English.chosun.com, Korea's southern island Geoje has a 400-hectare plot where 26,000 shipbuilders are hard at work. The shipyard owned by Daewoo Shipbuilding and Marine Engineering places among the top five along with Hyundai Heavy Industries and Samsung Heavy Industries. Korea's shipbuilding industry, keeps on growing. This year's ship exports are expected to exceed US$30 billion, up 13 percent from last year.
3rd U.S. condensate export cargo heading to Singapore; Pioneer expects exports to rise to 50,000 bpd next year. Eyes exports of bigger cargoes to reduce freight costs. Pioneer Natural Resources plans to double its U.S. exports of condensate, an ultra-light oil, to 50,000 barrels per day (bpd) next year, its chief executive said on Monday. The U.S. shale resources explorer, along with Enterprise Product Partners LP, received the green light from the U.S
Despite the issues surrounding over-tonnaging in the ship-building industry as a result of the 2008 financial crisis, more than 587 vessels are expected to be built in Southeast Asia in 2015. According to a report by Robert Willmington of IHS Maritime, Southeast Asian shipbuilding is anticipated to rise to more than 4.8 million gross tonnage (GT) in 2015. The countries that currently dominate the conventional market segments in the Asian shipbuilding and repair
Russia's Lukoil expects its crude exports next year to stay at the expected 1999 level of 24 to 25 million tons. "If the rules do not change, we hope (to export) around 24 or 25 million tons, like this year," Vagit Alekperov told a news conference. Russia doubled its crude oil export tariff to 15 euros per ton from December 8 in line with rising world prices.
The Energy Department announced it has conditionally authorized Lake Charles Exports, LLC (Lake Charles) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States from the Lake Charles Terminal in Lake Charles, Louisiana. Lake Charles previously received approval to export LNG from this facility to FTA countries on July 22, 2011. Subject to environmental review and final regulatory approval
Mexico's Pemex has quietly begun shipping light Isthmus crude to a variety of West Coast refiners this year, according to U.S. and Reuters data, resuming such sales after a six-year hiatus. The state-run oil company, which exported only about 100,000 barrels per day (bpd) of Isthmus last year, shipped about 340,000 barrels of the crude to Valero Energy Corp at Benicia, California, in January and February, according to U.S. government data.
BHP Billiton Ltd is set to be the first company to export lightly processed ultra-light U.S. oil without explicit permission from the government, further testing the limits of an increasingly contentious ban on foreign sales. Eight months after two other U.S. energy firms said they had received the first formal authorization to sell domestic condensate abroad, BHP said it had determined that its oil would also meet the legal criteria for export since it was being minimally processed in
Buyers from China are looking at long term liquefied natural gas (LNG) supplies from US firm Cheniere Energy, news agency Reuters quoted a company official as saying. This would be the first LNG deal between the world's two biggest energy users
The LPG coaster shipping market continues to be plagued by excess vessel supply with rates remaining stubbornly below pre-financial crisis levels, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
Puget Sound container volumes stabilized in April, growing 1 percent year to date to 1,106,384 TEUs. The moderate volumes reflect the return of normal operations at the ports of Seattle and Tacoma, as the ports finished clearing the backlog of cargo that built up during contract
The Dutch maritime technology sector has had a good year. Turnover increased by 17%, from EUR 6.4 billion in 2013 to EUR 7.5 billion in 2014. The sector employed 31,680 FTEs, up from 29,361 in 2013. “Overall we see a nuanced picture, with ups and downs
A potential deep-water port LNG export project for the Gulf of Mexico has submitted applications to the Maritime Administration and the United States Coast Guard for approval. Delfin LNG LLC has submitted an application to the Maritime Administration (MARAD) and the United States
Coal mining giant Glencore has now applied to have the competition watchdog oversee pricing in the newly privatised Port of Newcastle, reports The Sydney Morning Herald. The NSW port is hiking some shipping charges up to 60 percent after its $1
The Trans Nigeria Pipeline that carries Nigeria's Bonny Light crude oil to an export terminal has been shut down since May 12, a Shell spokeswoman said on Thursday. Neither the reason for the shut down nor its expected duration were immediately clear
Evergreen Line announced it will partner with COSCO and China Shipping in launching a joint China-Surabaya Express (CSX) Service. Evergreen said this comes in view of the increasing market demand resulting from significant trade growth between China and the ASEAN countries
The U.S. Department of Energy discouraged U.S. liquefied natural gas exporters from allowing direct Chinese investment in their projects for fear of political backlash, according to Michael Smith, chief executive at Freeport LNG which is building a plant to export U.S. overseas.
Eddy Hayes, Chairman of the Board of Directors, World Trade Center of New Orleans, and Gary LaGrange, President and Chief Executive Officer of the Port of New Orleans, discuss New Orleans’ role as a key U.S. port city and address opportunities for trade expansion.
The head of Freeport LNG on Friday said that the U.S. Department of Energy did not advise against inviting Chinese investment in the company's Texas export plant, backing down from contradictory claims made on Thursday. Michael Smith, the chief executive of privately-owned Freeport LNG
Strongest April for Port of Long Beach since 2006 Container cargo flow through the Port of Long Beach increased 7.9 percent in April compared to the same month last year, leading to the busiest April in nine years, the port announced today.
Maersk Line announced that it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade. Two loops are covered under the agreement and will be served by 22 vessels in total
Cameroon cocoa exports jumped 24 percent to 181,893 tonnes year-on-year by end-April since the start of the 2014/15 season on Aug. 1, data from the sector's regulator showed on Tuesday. Statistics from the National Cocoa and Coffee Board (NCCB) showed that Africa's fourth biggest
Smit Lamnalco takes delivery of last Sanmar LNG proof tug of five-vessel series Towage and marine services provider Smit Lamnalco has taken delivery of the SL Wiggins Island, the fifth and final tug purpose-built at Sanmar Shipyard in Turkey