Saudi Arabia Suspends $10b Oil Refinery Project

Saudi Arabia Suspends $10b Oil Refinery Project

Aramco, Saudi Arabia’s state oil company has suspended a deal to build a $10 billion refining and petrochemicals complex in China as the company slashes spending to cope with low oil prices.Aramco  decided to stop investing in the facility in China’s Northeastern...
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NACCIMA Seeks Stronger Nigeria, Indonesia Agribusiness Ties

NACCIMA Seeks Stronger Nigeria, Indonesia Agribusiness Ties

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for closer ties between Nigeria and Indonesia, especially in the area of agribusiness technology.   The National President, NACCIMA,Hajiya Saratu Iya Aliyu,...
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UAE Reports 229 New Coronavirus Cases

UAE Reports 229 New Coronavirus Cases

The United Arab Emirates (UAE) on Monday announced 229 new COVID-19 cases, bringing the total confirmed cases in the country to 64,541.   The UAE’s Ministry of Health and Prevention said in a statement the new cases are all in...
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CMA CGM LNG Ship Completes Gas Trials

CMA CGM LNG Ship Completes Gas Trials

The first in a series of six LNG-powered neo-Panamax containerships being built for Singapore’s Eastern Pacific Shipping has completed gas trials in South Korea.   The ship named Tenere will be chartered by CMA CGM that is also building a series o...
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Port Officials Detained As Beirut Explosion Investigation Resumes

Port Officials Detained As Beirut Explosion Investigation Resumes

Lebanese authorities detained 16 Beirut port staff members  while over a dozen other workers have been questioned as part of an investigation into the deadly  blast that rocked Lebanon’s capital on Tuesday, Reuters reports. The investigat...
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Mitsubishi To Begin Car Production In Myanmar

Mitsubishi To Begin Car Production In Myanmar

  Mitsubishi Motors is considering building vehicles in Myanmar, as the Japanese automaker deepens its commitment to Southeast Asia.   The Japanese automaker already has a production base in Vietnam, as well as in Thailand, Indonesia and the Philippines. A...
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Skoda Appoints Thomas Schäfer As Board Chairman

Skoda Appoints Thomas Schäfer As Board Chairman

Skoda Auto has announced that Thomas Schäfer has taken over as the Chairman of the Board with immediate effect.In this position, he succeeds Bernhard Maier, who is handing over the office to his successor after almost five years at the helm, th...
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U.S. Evacuates 100,000 Citizens From 136 Countries

U.S. Evacuates 100,000 Citizens From 136 Countries

The U.S. Government has evacuated no fewer than 100,000 Americans stranded abroad due to the coronavirus pandemic. The Secretary of State, Mr Michael Pompeo, disclosed this in a statement on Monday, to mark the 231st anniversary of the U.S. Department...
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Greece Exempts Seafarers From Entry Restriction

Greece Exempts Seafarers From Entry Restriction

Greece has exempted seafarers from COVID-19-related travel restrictions, meeting its pledge to the IMO to facilitate crew change.   GAC Greece said that the Greek government has allowed seafarers entry into its country together with citizens of the following...
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EU Bankrolls Electrification Of Seaport Terminals

EU Bankrolls Electrification Of Seaport Terminals

The Port of Valencia has secured aid from the European Commission for two projects aimed at facilitating and accelerating the possibility of connecting ships to the electricity grid. The first of these, the Global EALING Project, European flagship action for.....
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Opinion: COVID-19 Debt Relief Must Consider The Vulnerabilities Of Small States

Opinion: COVID-19 Debt Relief Must Consider The Vulnerabilities Of Small States

 By Patricia Scotland, Commonwealth Secretary-General A lethal combination of disease, extreme climate events and economic crises is threatening the smallest and most vulnerable nations of the world. To tackle it, we must overhaul how we understand and ad...
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Volkswagen Projects Mild Growth

Volkswagen Projects Mild Growth

German automaker, Volkswagen AG expects a slight growth in China’s premium car segment this year despite a slide in broader market sales, a senior executive said.Volkswagen Group‘s China chief, Stephan Woellenstein, made the remarks to reporter...
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Bio-LNG Secures $12.57 EU Backing

Bio-LNG Secures $12.57 EU Backing

Titan LNG, a Dutch supplier of LNG to the marine and industrial markets in Europe, has secured funding for its bio-LNG project. The company said on Friday it has received €11 million ($12.57 million) from the European Union through the...
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MSC Ship Loses 20 Containers Off South Africa

MSC Ship Loses 20 Containers Off South Africa

Earlier this week, a containership operated by Swiss shipping major Mediterranean Shipping Company (MSC) lost more than 20 containers overboard during stormy weather in Algoa Bay near the city of Port Elizabeth, Eastern Cape, the South African Maritime Safety ...
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