Indonesia's state oil company Pertamina's new unit, Pertamina International Shipping (PIS), is looking to spend $4 billion in the next seven years to refurbish its fleet of vessels and upgrade terminals, a top official said on Friday.The new unit plans to replace 23 vessels and expand its fleet
Indonesia, the world's biggest thermal coal exporter, sent shockwaves through global energy markets this week by suspending exports of the fuel in January due to critically low coal supplies at domestic power plants.WHY DID INDONESIAN AUTHORITIES DECIDE TO ACT?Coal makes up around 60% of Indonesia's energy mix and its energy ministry said by the start of 2022 only 35
As the maritime world laments the treatment of seafarers during the COVID pandemic, and the general public generally ignores the call to designate seafarers as "key workers" to help facilitate efficient crew changes globally, one British seafarer recently trained onboard his ship for months to prepare for the London Marathon, a race he recently completed to aid maritime welfare charity
Danish shipbuilder Karstensens Shipyard placed main propulsion equipment orders for two new fishing vessels with Wärtsilä. The first vessel is a custom designed 77-m overall length fishing vessel the ‘Christina S’, owned and operated by the Fraserburgh, Scotland based Simpson family’s Christina S Fishing Company in partnership with P&J Johnston.
Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division authenticated the keel of Legend-class national security cutter Calhoun (WMSL 759) late last week.“This is a very special keel authentication ceremony for a multitude of reasons,” said George Nungesser, Ingalls’ vice president of program management.
Indonesia said on Thursday it would allow 37 vessels loaded with coal to depart, in the strongest sign yet that the world's biggest thermal coal exporter is relaxing its ban on shipments.A senior cabinet minister said in a statement the ban implemented on Jan. 1 had been eased for miners that have met a requirement to sell a portion of their output for local power generation
Chinese thermal coal futures fell on Tuesday after Indonesia, the world's biggest thermal coal exporter, eased a ban on overseas shipments that surprised buyers at the start of the year, alleviating concerns about supply disruptions.The export ban was introduced after state power utility Perusahaan Listrik Negara (PLN) reported critically low coal stockpiles amid complaints miners were not
Indonesian authorities on Wednesday postponed a meeting with coal miners to discuss a ban on coal exports, as scores of ships moored off the coast due to load remained in limbo.The world's top exporter of thermal coal and China's largest overseas supplier on Saturday announced a ban on exports in January to avoid outages at its own generators.
A shipment of Royal IHC's equipment is traveling from Europe to the U.S. to be installed on Weeks Marine's new trailing suction hopper dredge (TSHD) R.B. Weeks, currently under construction at Eastern Shipbuilding Group's Allanton shipyard in Florida. In May of 2020, Royal IHC and Weeks Marine Inc.
China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world’s second-largest economy.A brisk U.S. economic recovery and stalled factory production in other countries hit by coronavirus have propped up demand for goods made in China, analysts say.Exports in dollar terms surged 32.
Indonesia will stop both liquefied petroleum gas (LPG) and fuel imports by 2030 and plans big changes to its energy infrastructure to meet that target, a top energy official said on Thursday.President Joko Widodo has tasked the National Energy Council, a board made up of seven ministries and other stakeholders that plans energy policy
Republican Senator Ted Cruz put a hold late on Friday on President Joe Biden's pick to lead the Central Intelligence Agency to pressure the administration to put tough sanctions on Russia's Nord Stream 2 natural gas pipeline project.The Senate Intelligence Committee last week backed William Burns, a former ambassador to Russia, by a unanimous vote.