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India commissions first east coast LNG terminal
India s first east coast regas project, Ennore LNG terminal, was commissioned yesterday by Indian Oil Corporation (IOCL). Wood Mackenzie s senior analyst Kaushik Chatterjee shares the significance of this project and how this marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025.Posted On:9-Mar-2019
Credits: www.bunkerportsnews.com |
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Maritime dispute won t affect viability of upcoming Tuas mega port: Vivian Balakrishnan
The ongoing maritime dispute between Malaysia and Singapore will not affect the viability of the upcoming Tuas mega port, said Acting Transport Minister Vivian Balakrishnan in Parliament.
"Development works are proceeding as planned, and there will be no impact to access for ships calling at the (Tuas) terminal in the future," Dr Balakrishnan said during the Ministry of Transport s Committee of Supply Debate.Posted On:9-Mar-2019
Credits: www.bunkerportsnews.com |
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Four major port trusts buy DCI for Rs 1,056 crore in a rationale defying deal
The Central government on Friday signed a share holders agreement to sell its 73.47 per cent stake in Dredging Corporation of India Ltd (DCI) to four major port trusts for ₹1,056 crore at ₹510 per share. BusinessLine first reported the deal on March 4.Posted On:9-Mar-2019
Credits: www.bunkerportsnews.com |
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AB Klaipedos Nafta preliminary activity and revenue results for the February 2019
In February 2019 AB Klaipedos nafta (hereinafter - the Company or KN) has reloaded 454 thousand tons of petroleum products in Klaipeda and Subacius oil terminals. In 2018 reloaded 664 thousand tons (less by 31.6 per cent).
During the first two months of 2019 the Company in total reloaded 1,080 thousand tons of petroleum products into its storage tanks or less by 24.9 per cent compared to the same period of 2018 when 1,439 thousand tons were reloaded.Posted On:9-Mar-2019
Credits: www.bunkerportsnews.com |
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British Ports Set to Seize Significant Offshore Wind Opportunities
The British Ports Association has welcomed the Government s new Sector Deal for Offshore Wind which will offer significant new opportunities for coastal regions and ports. The Sector Deal is part of the Government s Industrial Strategy and contains ambitious plans for 30% of UK electricity to be generated by from offshore wind by 2030. This will see a huge growth in offshore developments, much of which will be facilitated by UK ports.
Posted On:9-Mar-2019
Credits: www.bunkerportsnews.com |
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