Higher taxes and costs drag down profit at Singapore’s Kim Heng
SGX-listed company sees revenue from its renewable energy activities increase by over 80%
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February 2024
QatarEnergy Expanding North Field LNG Development
QatarEnergy has announced that it is proceeding with a new LNG expansion project, the “North Field West” project, to raise the nation’s LNG production capacity to 142 million tons per annum (MTPA) before the end of this decade.This represents…
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Ship Recycling Market Faces Tonnage Shortage
Global ship recycling markets are now being exclusively driven by the relentless and futile shortage of tonnage that is expected to continue until Spring (at the very least), says cash buyer GMS.“The much-anticipated rebound in global recycling…
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IMO Finalizes Arctic Pollution Prevention Guideline Drafts
The IMO Pollution Prevention and Response Sub-Committee PPR 11 was held February 19-23, and agreement was reached on guidance for the prevention of pollution in the Arctic marine environment.The guidance will now be presented to the IMO’s Marine…
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Tankers: The Next Growth Cycle Can Be Fueled By India
The tanker market could be headed for a significant leg of growth in the coming years, as a result of India’s gradual emergence, as a major player in the global economy, which in turn is fueling its oil and refining needs. In its latest weekly report, …
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