Cosco Boxship Hit By A Fire

A fire broke out on board Cosco Pacific, a very large containership owned by Cosco Shipping, while the vessel was underway from Port Klang, Malaysia to the largest container port in India, Nhava Sheva Port on January 4, 2020. As informed by COSCO in a customer advisory, the fire, which broke out in one of…

Qatar Petroleum, KPC Pen LNG Supply Deal

Qatar Petroleum and Kuwait Petroleum Corporation (KPC) have inked a 15-year sale and purchase agreement for the supply of up to 3 million tons per annum of liquefied natural gas (LNG) to Kuwait. Under the deal, LNG deliveries to Kuwait’s new LNG receiving terminal at Al-Zour Port is set to start in 2022 to support…

Adani Ports To Take Majority Stake In Krishnapatnam Port

Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer, operator and part of the Adani Group, has decided to acquire a controlling stake in Krishnapatnam Port Company Ltd (KPCL). As informed, the 75 percent stake will be bought from the existing shareholders of KPCL for INR 135.7 billion (USD 1.9 billion). Located in…