China’s shipbuilding sector continues to top world market

China remained the world’s leading shipbuilder in the first eight months of the year, industrial data showed. According to the China Association of the National Shipbuilding Industry, the country’s shipbuilding output hit 23.94 million deadweight tonnes (dwt) in the period, accounting for 45.4 percent of the world’s total. New orders, another major indicator of the […]

India Forced To Buy LNG At Double The Price After Gas Supply From Russia Stops

LNG supply: After the cancellation of the delivery of the Liquefied Natural Gas (LNG) shipment from Russia, India has to pay double the price for it. Gail India Limited has procured several cargoes of Liquefied Natural Gas for delivery between October and November. The amount paid for this cargo is double as compared to the corresponding period of last year. According […]