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Japan's Mitsui OSK Lines Ltd said on Friday it would spend about 1 billion yen ($9.42 million) on measures to help Mauritius, including the clean-up of the island's mangrove forests and contribution to an environmental recovery fund.
Advertisement ITOCHU Corp., headquartered in Minato-ku, Tokyo, ITOCHU ENEX Co. Ltd, Vopak Terminals Singapore Pte Ltd, Pavilion Energy Singapore Pte. Ltd, Mitsui O.S.K. Lines Ltd, (MOL) and TOTAL MARINE FUELS PRIVATE LIMITED, have announced that the parties have entered into a memorandum of understanding (MOU) on the joint development study of ammonia as a new marine fuel in Singapore. ITOCHU executed the MOU with VOPAK in June 2020. The company has expertise in handling ammonia at their Banyan Terminal, Singapore. The company is taking a significant step into the further development of the a...
Message : Required fields SINGAPORE (Reuters) - Linde Gas Singapore Pte Ltd said on Wednesday it joined four other industry partners to explore the development of infrastructure to supply hydrogen to power data centres owned by Keppel Corp's unit in the city state. The project is aimed at supplying green hydrogen produced from water and renewable energy to data centres which consume large amounts of electricity. Singapore has recently slowed down the development of data centres, partly due to concerns over their high consumption of energy and water. Linde signed the Memorandum of Understa...
LNG shipping stocks: Still up, but some companies disappeared The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, added more than 2 points or over 2.30% last week. US stocks represented by the S&P 500 (SPX) index added 1.23%. The LNG market is growing and even LNG shipping becomes consolidating. During the regular rebalance there were removed two constituents of the UP World LNG Shipping Index: Golar LNG Partners LP (ex-NYSE:GMLP) and Höegh LNG (OSE:HLNG). New weight of constituents is published here. GMLP and its fleet is now pa...
LNG shipping stocks: No losers last week The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, added more than 1.25 points or 1.5% last week. US stocks represented by the S&P 500 (SPX) index added 0.02%. Also last week, some shares from the LNG shipping sector rose in double digits. There were no losers last week, the biggest lost was 0.6%. Geographically, these three double-digits rising stocks covered the entire globe: Awilco LNG ASA from Norway (OSE: ALNG) gained 16.7%, U.S. GasLog Partners (NYSE: GLOP) added 14.4% and Korea Line...