By Reuters Staff
2 Min Read
FILE PHOTO: Terminal tractors line up to load containers into a cargo ship at DP World s fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed/File Photo
DUBAI (Reuters) - Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday.
DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will finance, design and develop land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port.
By Reuters Staff
3 Min Read
SINGAPORE, Jan 14 (Reuters) - Shell Plc’s Singapore bunkering unit, Shell Eastern Trading Pte Ltd, moved up a notch to be the top marine fuel supplier in the world’s biggest ship refuelling hub in 2020, official data showed, while the overall number of suppliers steadied after years of declines.
Singapore-based Sentek Marine & Trading Pte Ltd dropped one spot to third in 2020, behind Equatorial Marine Fuel Management Services Pte Ltd in second place after climbing from fourth in the previous year, the latest data from the Maritime and Port Authority (MPA) of Singapore showed.
PetroChina International (S) Pte Ltd, the top supplier by volume in 2019, dropped to fourth place in 2020 followed by BP Singapore Pte Ltd in fifth, the MPA data showed.
Temperatures in China fall to lowest in decades Demand for fuel surges due to cold weather Officials warn about severe frost this week
BEIJING/SINGAPORE, Jan 12 (Reuters) - Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of northern Bohai Bay.
A cold wave sweeping the northern hemisphere has plunged temperatures across China to their lowest in decades, boosting demand for power and fuel to historic highs in the world’s largest energy consumer.
“The sea ice situation is more severe this year than the same period in previous years,” said Wang Jun, a professor specialising in transport issues at Dalian Maritime University.
2 Min Read
BASRA, Iraq (Reuters) -Iraq’s government has agreed to sign a $2.625 billion contract with South Korea’s Daewoo Engineering & Construction (047040.KS) to build the first phase of a giant commodities port in the south of the country, a port manager said on Wednesday.
The long-planned and repeatedly delayed Grand Faw port is one of several projects that Iraq hopes will create a shorter transportation corridor between the Middle East and Europe, bypassing the Suez Canal.
Under the contract, expected to be signed on Sunday, Daewoo E&C will handle construction works that include building five berths to unload ships and a yard for containers, Farhan al-Fartousi, Iraq’s director general at the General Company for Ports, told Reuters in Basra.
Demand for fuel surges due to cold weather Officials warn about severe frost this week (Adds CNOOC statement)
BEIJING/SINGAPORE, Jan 12 (Reuters) - Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of northern Bohai Bay.
A cold wave sweeping the northern hemisphere has plunged temperatures across China to their lowest in decades, boosting demand for power and fuel to historic highs in the world’s largest energy consumer.
“The sea ice situation is more severe this year than the same period in previous years,” said Wang Jun, a professor specialising in transport issues at Dalian Maritime University.