Japan LNG Imports at 5-year High on Colder Weather
Japanese LNG imports reach 8.7 mln T in January, pressuring regional LNG market with China also hoovering up cargoes. Japanese imports of liquefied natural gas (LNG)…
US Navy Commander Pleads Guilty in 'Fat Leonard' Scandal
A former commander has become the latest U.S. Navy official to plead guilty in a wide-ranging corruption and fraud investigation involving the foreign defense contractor known as “Fat Leonard”. In what has become the largest corruption scandal in U.S. Navy history, former U.S. Navy commander Troy Amundson pleaded guilty on Tuesday to conspiracy to commit bribery, admitting that he conspired with foreign defense contractor Leonard Glenn Francis, a.k.a.
Baltic Exchange Main Index to Drop Handysize T/C Average
The Baltic Exchange says from March 1, 2018, the Baltic Dry Index, its main sea freight index, which typically factors in rates for capesize, panamax, supramax and handysize shipping vessels…
Salvage Crews Working to Recover Sanchi's Bunker Fuel
Chinese salvage crews are still trying to remove 1,900 tonnes of bunker fuel, the heavy oil used in ship engines, from a sunken Iranian oil tanker, the Ministry of Transport said on Thursday, almost a month after it collided with a freight ship. If the fuel is not cleaned up, it could pollute the marine environment, the ministry warned in a release. Bunker fuel is noxious to marine organisms and difficult to remove from the ocean once spilled.
Croatia to Speed up Building of LNG Terminal in Adriatic
Croatia will pass a special law to speed up the construction of a liquefied natural gas (LNG) terminal in the northern Adriatic, Prime Minister Andrej Plenkovic said on Thursday. Croatia produces more than half of its gas consumption, some 2.5 billion cubic metres (bcm) a year. Once the LNG terminal is built it hopes to be able to supply both its own market as well as central and eastern European countries.
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