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.

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• China to build new LNG terminals and transport

    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

• 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

• Indian ports are getting a facelift

     To give a push to the much-needed infrastructure expansion at the 12 major ports, which handle about 75 percent of the country’s maritime cargo, the ministry of shipping has identified 21 expansion projects on public-private partnership (PPP) basis at a total investment of around US$3.3 billion, the Financial Express India reported.

• Storage loss Hamper China gas import Goals

    China is stepping up imports of natural gas to meet a surge in demand and to reduce pollution levels, but it may be hampered by a lack of sufficient storage facilities. The country’s supply-demand gap for natural gas is expected to reach 30 billion cubic meters this year, the General

• EPO is a step closer to New Ship Emission Standards

    The U.S. Environmental Protection Agency (EPA) delivered draft rules for new engine and fuel standards for the largest ocean-bound ships to the White House for review, reports the New York Times

• Vietnam to spend nearly $ 10 billion to the oil reserve system

     Vietnamese Prime Minister Nguyen Tan Dung approved a plan to earmark 9.57 billion U.S. dollars to develop the country’s oil reserve facilities up to 2025, the Labor newspaper reported Wednesday.  The plan is to ensure the country’s energy security, stabilize domestic oil and petroleum market and facilitate production of local oil

• APM Terminals, Vinalines Expand Alliance

     APM Terminals entered into a joint venture agreement with Vinalines, part of Vietnam’s largest shipping line and terminal operator Vietnamese National Shipping Lines, to develop Vietnamese ports. APM Terminals and Vinalines are already partners in the Cai Mep International Container Terminal in Southern Vietnam, where they are building a 1.1 million

• China predicts 10 billion tonnes of iron ore reserves

    Exploration work in the eastern region of north China’s Hebei Province shows potential iron ore reserves in this area is estimated to top 10 billion tonnes, the China Metallurgical Geology Bureau (CMGB) said Saturday.

• 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

• 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

• Petro China is a major oil depot

    Oil giant PetroChina plans to build 66 refined oil reserve depots this year. The move is part of its efforts to meet the overwhelming oil demand of the Chinese domestic market. The company will also accelerate the construction of its shipping facilities, and step up its reserve capacity by 430

• Panama to spend up to $ 430 million LNG terminal

    Panama will spend $300 million on a liquid natural gas, or LNG, terminal and $ 130 million on a gas-fired generating plant, the country’s ministry of finance said.

• 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.

• Sinopec plans to run crude oil of 3.85 million barrels per day in H2

    Asia’s top refiner Sinopec plans to process 97.1 million tonnes of crude oil, or 3.85 million barrels per day (bpd) in the second half, the company-run China Petrochemical News reported on Tuesday. That will be 10 percent more than the 3.5 million bpd crude Sinopec processed in the first half. Combining

• China plans for the restructuring of the steel industry by the end of the year

    New plans by the Chinese government to restructure the steel sector are expected to be announced by the end of the year, an official said on Thursday. The plans would include new consolidation targets, and a renewed effort to eliminate poor-quality steel capacity, said Jia Yinsong, inspector at the raw