Archive | November, 2004

VIETNAM: Fund launched project to help companies reduce energy costs

 The Global Environment Fund GEF) has launched a US$29 million project to help 500 small and medium-sized enterprises reduce their energy costs.   Vietnam News Agency reported that the project is aimed at helping manufacturers of construction materials, ceramics, paper and woven crafts, and food processors improve their energy efficiency.   The GEF expects to […]

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THAILAND: Ratchaburi Electricity plans 2 billion baht capacity investment in 2005

Ratchaburi Electricity Generating Holding Plc, Thailand’s largest listed utilities company, said that it plans to invest two billion baht next year to expand its business, mostly for increasing power generating capacity. (US$1=40 baht).   Ratchachaburi, majority owned by the state-owned Electricity Generating Authority of Thailand (EGAT), told Business Day that it was also looking at […]

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TAIWAN: Yulon Group’s unit awarded sales agency for LG auto lubricant

Sinqual Technology Co., a subsidiary of Yulon Group, Taiwan’s largest automobile conglomerate, has won local sales agent right for LG automobile lubricant products imported from South Korea.   According to the CENS newsagency, Sinqual said it would first supply LG lubricant products to 300 repair and maintenance outlets operated by Yulon Motor Co. in partnership […]

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MARKETS: Asian product prices for November 29

Openspec Naphtha tonne C+F Japan – US$464.80 (+US$2.80 from Nov 26 closing) 95 ron unl FOB Singapore Ð 52.55 (-0.25) Jet kerosene barrel FOB Singapore – 56.80 (-0.20) Gasoil barrel FOB Singapore Р55.70 (-0.55) LSWR barrel FOB Indonesia Р29.65 (-0.95) HSFO 180cst tonne FOB Singapore Р200.00 (-3.75) HSFO 380cst tonne FOB Singapore Р185.00 (-3.50)

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MALAYSIA: Petra Perdana says subsidiary to acquire vessel

Malaysia’s Petra Perdana Berhad (PPB) said its wholly-owned subsidiary Intra-Oil Services Berhad recently signed a Memorandum of Agreement to acquire a vessel from Norway’s International Offshore Services ANS for US$6.25 million in cash.   The 1983-built MV Lady Elaine is an anchor handling supply tug vessel, and will boost Petra’s core businesses in providing engineering, […]

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INDIA: Varun Shipping expands LPG fleet

India’s Mumbai-based Varun Shipping Company Ltd has bought its seventh LPG vessel, expanding its fleet strength to 13. The ‘Maharshi Labhatreya’ has a cargo carrying capacity of 43,670 cubic metres, and has been chartered by its previous owner, KS AS Hektorgas of Norway, Varun Shipping told the Bombay Stock Exchange.   Varun said it paid […]

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EMISSIONS: Groups say new US EPA rule loopholes violate Clean Air Act

A lawsuit filed recently charges that the Bush administration’s finalised rule regulating toxic air emissions for industrial boilers violates the US Clean Air Act, and fails to protect the public from hazardous pollutants.   The suit was filed by Earthjustice on behalf of the Environmental Integrity Project (EIP), Sierra Club and Natural Resources Defence Counsel (NRDC). […]

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