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...North Korea is subject to sanctions agreed in 2017 by the UN Security Council that cap oil transfers to the country at 500,000 barrels a year, far below its energy needs....
...’s significant renewables generation for decades to come as energy needs grow as populations in Asia and south-east Asia grow.”...
...US power utility Duke Energy has disconnected batteries made by Chinese company Contemporary Amperex Technology Co Ltd at a US Marine base camp, following pressure from lawmakers fearing national security...
...from a US Marine Corps base....
...The centuries-old market has been at the heart of the marine insurance sector since its inception....
...Officials told the Financial Times that a proposed merger between Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries would be stopped as anti-competitive....
...While not expected to reach the same level as 2022, new orders for LNG tankers are likely to continue, said Kaushal Ramesh, head of LNG analytics at Rystad Energy....
...The company said it was “on track” to reach a target of using only renewable energy in the US, Europe and China this year....
...But targeting Russia, the world’s third-largest oil producer, could have a far deeper impact on global energy markets....
...South Korean shipbuilder Hyundai Heavy plans to take over local rival Daewoo Shipbuilding & Marine Engineering for $2bn. This could have a big impact on the world’s stretched energy supply chains....
...fresh sanctions — which come just days after the UK targeted Russian banks, exports, oligarchs and flag carrier Aeroflot — could be the thin end of the wedge for a market that is also a hub for shipping, energy...
...Suisse found ex-investment bank chief violated code of conduct (WSJ) Amazon inks deals to send its internet satellites into space (FT) Channel 4 sale leaves potential buyers in a quandary (FT) Tokio Marine...
...Swire’s other interests include bottling Coca-Cola in China, marine services for the energy industry and Taikoo Sugar, a business dating from the colonial era....
...Research suggested that Samsung Life Insurance and Samsung Fire & Marine Insurance, South Korea’s largest property and life insurers respectively, financed $14bn of such projects over the past decade and...
...It claimed this would reduce greenhouse gas emissions by more than 30 per cent per voyage, compared with traditional marine bunker oil BHP makes most of its money from producing iron ore and coking coal...
...It has invested in Chinese energy and technology fund NIO Capital, as well as ride-hailing app Gojek and Hong Kong’s Livi digital bank....
...The coronavirus pandemic has rocked the energy sector, driving oil demand and prices lower....
...The country’s so-called “Big Three” shipyards — Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering — closed between 6 and 18 per cent higher in Seoul trading...
...It paid more than $1bn for oil services company Topaz Energy and Marine, an oil services company, in 2019. The investor stampede out of hydrocarbon stocks has accelerated since....
...Ports operator DP World has acquired Topaz Energy & Marine for $1.1bn, in a move that increases its exposure to marine logistics....
...In south and south-east Asia demand for the fuel, mostly for industrial and energy use, is expected to quintuple by 2040....
...Aegean Marine Petroleum Network, one of the world’s largest traders of shipping fuel, has filed for bankruptcy protection in New York, allowing the company to undergo a restructuring with the help of rival...
...South Korean policymakers have been keen to consolidate the country’s overcrowded shipbuilding industry ever since they began rescuing troubled manufacturers, including Daewoo Shipbuilding & Marine Engineering...
...Swiss commodity trader Mercuria has struck a deal that will see it acquire almost a third of Aegean Marine Petroleum in return for providing the struggling fuel oil company $1bn in credit facilities plus...
...The country’s small and mid-sized shipyards are still reeling from mounting losses and huge debts while its three biggest shipbuilders — Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering...
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