China is to build new LNG terminals and carrier vessels to handle increased imports of LNG, in order to ease a domestic shortage of the fuel.

Read at China to build new LNG terminals and transport vessels

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• To enhance the China LNG gas imports to relieve deficiency

    China will increase its imports of liquefied natural gas to relieve the current gas shortage, Xinhua news agency reported Sunday, citing Zhang Guobao, head of the National Energy Administration. Large parts of China are suffering shortages of coal, gas and electricity due to an usually cold winter

• Bangladesh deploy floating unit for LNG imports

    Bangladesh, which has delayed exploration awards to ConocoPhillips and Tullow Oil Plc after disputes with neighbors, may deploy a floating liquefied natural gas unit this year to plug a shortage of gas, an official said. Bangladesh is in talks with service companies for a floating LNG import facility and with

• APM Terminals Rotterdam welcomes UASC as a new customer

    APM Terminals Rotterdam welcomed the first call of the United Arab Shipping Company’s vessel to the facility when the 6800 TEU Mayssan called on her voyage of the weekly AEC2 Asia Europe Container Service. United Arab Shipping Company, the 20th largest container shipping company, is projected to move over 100,000

• China safety crackdown boosts coal imports

    Australian coal companies say they are exporting to China for the first time as Beijing’s latest push for mine safety has cut domestic output. A new crackdown in Shanxi province has cut production sharply this year, creating the shortage, The Sydney Daily Herald said Sunday. The shortage is expected to

• Scotland to the top of the global training of seafarers

    Plans are underway to create a transnational maritime university which will help address a major skills shortage in the maritime sector. The Northern Maritime University (NMU) project will build a transnational network of universities in the North Sea region and… Read at Scotland ‘to lead’ global seafarer training

• From Russia with ships: DSME north

    Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) is to build a jv yard in Russia’s Far East region with local firm United Shipbuilding Corporation (OSK). The yard, which will cost $1.5bn, will be completed by the end of 2011. It is located in Bolshoy Kamen in Russia’s Primorye region and

• China Merchants is likely to be for new terminal in Sri Lanka

    China Merchant Holdings will sign a build, operate and transfer deal for the first terminal of the new Colombo South Harbour on December 7, local sources say. Under the BOT agreement the 2.4 million TEUs per year capacity terminal will revert to Sri Lanka ownership after 35 years. The entire

• Plans for new U.S. LNG terminals come to a halt

    A boom in domestic U.S. natural-gas supplies is stalling ambitious plans for a raft of LNG import terminals along the country’s coastlines. Read at Plans for new U.S.

• China coal supply gap is huge, despite the high annual production

    According to the previous report, China’s current coal supply gap was nearly 30%, resulting in the insufficient supply despite China’s annual production of 3bln tons. If the current situation continued, it is estimated that the coal will be excavated out in Shandong Province 20 years later.

• Daewoo Shipbuilding wins worth $ 1.6 billion

    Daewoo Shipbuilding & Marine Engineering Co., the world’s third-largest shipbuilder, said Friday that it has won deals to build three vessels valued at a combined $1.6 billion. According to Yonhap News, one of the deals with an American firm calls on Daewoo Shipbuilding to deliver two drill ships by March

• Steel Ministry is to carry coal blocks to fuel shortage

    India’s Steel Ministry has sought to Coal Ministry to provide coal blocks in order to contain the dry fuel shortage in the various steel firms. In a letter to Coal Minstry, Steel Secretary P K Rastogi asked coal blocks for Manganese Ore India Ltd (MOIL) and Kudremukh Iron Ore Company

• China Merchants Holdings net profit up 14% in first half

    Port operator China Merchants Holdings (International) Co said its first-half net profit fell 14 percent from a year earlier due to weakness in the container shipping market amid the global downturn, reported Dow Jones Newswires. The blue chip, a unit of state-owned China Merchants Group, said it aims to control costs

• NYK Drops Exclusive Terminal Map

    A sharp drop in trans-Pacific container volumes this year caused NYK Line to drop plans to lease a proposed 168-acre container terminal at the Port of Tacoma. NYK Line still plans to leave the Port of Seattle in 2012, but the carrier now intends to call at a facility operated by

• Iran to privatize the oil terminals

    Iran plans to pass 40 percent of the shares of the state-controlled Iranian Oil Terminals Company to the private sector. The government decided in a recent session of the cabinet to convert 40 percent of its shares to the so-called “Justice Shares,” reported Mehr News Agency on Friday. Iranian Oil

• Olympics port security / U.S. LNG terminals can close / New ships to provide assistance to Port-au-Prince /

    In today’s Media Watch: Port security is tightened in Canada and the US before the start of the Winter Olympics, the future of Oregon’s LNG gas terminals hang in the balance, and a new container ship opens up the delivery of relief to Haiti. Read at Olympics port security / U.S.