Ship Recycling Market Cools
Inflation, fundamentals, currencies (except in India), vessel pricing, and overall weakening sentiments have beset the ship recycling market over the past week, reports cash buyer GMS.The effects have been felt across all the sub-continent ship-recycling destinations (even Turkey to an extent), which have cooled by about US$ 20/LDT over recent weeks, says GMS. However, India and Bangladesh have reported…
Sinopec Signs 27-Year LNG Supply Deal
State-owned Chinese firm Sinopec signed a new 27-year LNG supply and purchase agreement with QatarEnergy, the two companies said on Saturday.Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state's North Field expansion project, which will supply 3 million metric tons of LNG per year to Sinopec.A partnership agreement was also signed under which QatarEnergy will transfer a 5% interest to Sinopec in a joint venture company that owns the equivalent of 6 mi
Ukraine Hits Russian Shipyard
Ukraine rained 15 cruise missiles on Russia's shipyard in the Crimean port city of Kerch on Saturday, damaging one ship, Russian defence ministry said, in an attack that could further undermine Moscow's striking capabilities.Thirteen of the missiles were destroyed in the air, while one hit a ship, the Russian defence ministry said in a typically laconic statement when reporting on Ukraine's strikes on Russian territory or infrastructure.
Ship Shortage Dealt Death Blow to Orsted's New Jersey Offshore Wind Hopes
Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said.The world's biggest offshore wind farm company on Tuesday said it would cease all development on the Ocean Wind projects even as it moves forward with developments off neighboring New York…
