Archive | September, 2002

TAIWAN: Japan’s Kawasaki to build CPC storage and receiving terminal

Japan’s Kawasaki engineering group has signed a full turnkey contract with Taiwan’s Chinese Petroleum Corporation (CPC) to build a liquid ethylene storage and receiving/shipping terminal for its Chien-Cheng petrochemical station in Kaohsiung. The facility is scheduled for completion in March 2004. Kawasaki said it will provide an aboveground double-wall cryogenic storage tank with a stainless […]

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CHINA: W’rtsil’ Propulsion Systems receives order for five chemical tankers

Finland’s W’rtsil’ has confirmed an order from the Shanghai Edward Shipbuilding Co. in China for the supply of propulsion systems for five chemical tankers. The Euro12 million (US$11 million) deal was signed during the recent visit to China by Jari VilĂ©n, Finland’s foreign trade minister. The scope of delivery covers each vessel’s entire propulsion system […]

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MARKETS: US DoE comments on “tale of two products”: gasoline and diesel

The US gasoline season is over while the distillate fuel (particularly heating oil or high-sulfur distillate fuel) season is underway. The Department of Energy said factors affecting the gasoline season may not be key factors in the distillate fuel market this autumn and winter. The week before, gasoline inventories increased by 2.2 million barrels while […]

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AUSTRALIA: Joint venture partners welcome latest approvals for BassGas project

The joint venture partners exploiting Australia’s Bass Straits gas field have welcomed the Victorian state government’s recommendation to proceed with the project in accordance with recommended environment conditions. The Minister for Planning, Mary Delahunty, released the recommendation following a rigorous assessment process coordinated by an independent panel between 9 May and 6 June 2002. The […]

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SINGAPORE: Keppel and NUS jointly launch initiatives to develop offshore and marine technology

Singapore’s engineering group Keppel Corporation Limited (Keppel) and the National University of Singapore (NUS) have pooled their resources to establish Singapore as a centre of innovation and excellence providing new solutions, services and products for the offshore and maritime industry. Keppel’s wholly owned subsidiary, Keppel Offshore & Marine Ltd (Keppel O&M), has donated S$1.5 million […]

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THAILAND: National Petrochemical expects to maintain profit at 1.2 billion baht in 2002

BANGKOK (AFX-ASIA) – National Petrochemical Plc said it expects profits this year to be in line with those of last year, despite lower chemical prices and production losses caused by plant shutdown, company president Viroj Mavichak was quoted as saying by Businessday. “We are looking at 1 to 1.2 billion baht in net profit this […]

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SINGAPORE: MPA introduces initiatives to enhance bunkering services

The Maritime and Port Authority of Singapore (MPA) is introducing three initiatives to enhance the quality of bunkering services. The new measures were announced by Khaw Boon Wan, senior Minister of State for Transport, and Information, Communications & the Arts at yesterday’s opening ceremony of the 12th Singapore International Bunkering Conference (SIBCON). The first of […]

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