Japanese bulker operator Daiichi Chuo told IHS Maritime on 25 September that rumours it will file for receivership are untrue.
Odfjell SE has secured two loans worth a combined $190.5m it will use to refinance seven tankers in the group’s fleet and in that of its Singapore-based subsidiary.
CSSC-affiliated Waigaoqiao Shipbuilding has signed a strategic agreement with China Exim Bank where the bank will provide various financing services to a total value of RMB18bn ($2.82bn) to Waigaoqiao Shipbuilding in the next three years.
The European Commission has approved Finnish government plans to grant EUR23.44 million (USD26.11 million) towards the EUR81 million total cost of building an LNG bunkering terminal at Pori on the Nordic country's west coast.
Iran's oil industry will need $200 billion of INVESTMENT to help it develop in the coming years, mostly from outside the country, the oil minister was quoted as saying.
Pakistan is set to sign a 15-year import deal for 3.5 million tonnes of liquefied natural gas (LNG) per year from Qatar, a Pakistan government official said on Monday.
Investors in Egypt’s solar energy sector will float tenders in the next few days to invite bids to provide security, technical, and administrative services for the projects in Benban area, a report said.
Saudi Arabia will need investment of SR500 billion ($133.3 billion) in electricity projects over the next ten years to cope with rising power demand, its electricity and water minister said.