South-East Asia

Issues over a wider conflict in the Middle East have prompted global airline companies to suspend flights to the area or to avoid affected air area. Below are some of the airlines that have adjusted services to and from the area: AIR ALGERIE The Algerian airline company suspended flights to and from Lebanon up until even more see. AIR ARABIA The United Arab Emirates-based low-cost carrier cancelled flights from Sharjah and Abu Dhabi to Beirut on Sept. 24. AIR FRANCE-KLM Air France expanded the suspension of its flights to Beirut till Oct. 1. Its Tel Aviv flights, briefly suspended from...

Vietnamese and U.S. firms have signed memorandums of understanding (MoUs) to work together in energy, expert system and a data centre, the Vietnamese government stated on Tuesday. The MoUs were signed at an organization forum in the United States, the government said in a declaration. The MoUs consist of one on energy technology transfer signed by Vietnam's state-oil company PetroVietnam and Kellogg Brown & & Root, LNG cooperation in between PetroVietnam's unit PTSC and Excelerate Energy, and AI and information centre advancement in between Sovico Group and Supermicro. Vietnam's Vietjet said it signed a $1.1-billion cooperation agreement with Honeywell Aerospace...

Neste announced on Thursday that South Korea's GS Caltex and Japanese trading house Itochu, along with major sustainable aviation fuel (SAF), producer Neste, have delivered their first batch of fuel to Japan. Fuel is seen as essential for aviation to achieve its goal of zero net carbon emissions by the year 2050. However, its adoption is still in its early stages. The following is an overview of the most recent SAF projects in Asia-Pacific. SOUTH KOREAN South Korea wants to use about 1% of SAF on all international flights departing by 2027. Six South Korean Airlines, including the flag carrier...

Issues over a wider conflict in the Middle East have prompted worldwide airline companies to suspend flights to the region or to avoid afflicted air space. Below are a few of the airline companies that have adjusted services to and from the area: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until further see. AIRBALTIC. Latvia's airBaltic plans to resume flights between Riga and Tel . Aviv on Sept. 17, it said through email on Sept. 16. AIR FRANCE-KLM. Air France stated on Sept. 17 it was suspending services to Beirut. and Tel Aviv approximately and consisting...

Issues over a wider dispute in the Middle East have triggered worldwide airlines to suspend flights to the region or to avoid affected air area. Below are a few of the airlines that have actually adjusted services to and from the area: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon till further notice. AIRBALTIC. Latvia's airBaltic strategies to resume flights between Riga and Tel . Aviv on Sept. 17, it said through e-mail on Sept. 16. AIR FRANCE-KLM. KLM cancelled all flights to and from Tel Aviv until Oct. 26. The Franco-Dutch group's affordable unit Transavia cancelled....

Latvian provider airBaltic is in preIPO talks with one strategic financier at the minute, President Martin Gauss told Reuters on Monday, decreasing to discuss reports that the airline remained in conversations with Lufthansa relating to an investment. In our case, we are speaking with one strategic pre-IPO financier, Gauss stated in an interview in London, including that in the IPO preparation stage, the provider could talk to other anchor and foundation investors. Gauss had formerly said that he sees airBaltic one day belonging to a larger airline group like Lufthansa, however on Monday he reiterated that he does not see...

Concerns over a wider dispute in the Middle East have actually triggered worldwide airline companies to suspend flights to the region or to prevent afflicted air space. Below are some of the airline companies that have actually adjusted services to and from the region: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until even more see. AIRBALTIC. Latvia's airBaltic strategies to resume flights between Riga and Tel . Aviv on Sept. 17, it stated through e-mail on Sept. 16. AIR FRANCE-KLM. KLM cancelled all flights to and from Tel Aviv until Oct. 26. The Franco-Dutch group's low-cost...

Concerns over a broader dispute in the Middle East have actually triggered international airlines to suspend flights to the region or to prevent affected air area. Below are some of the airline companies that have adjusted services to and from the region: AIR ALGERIE The Algerian airline company suspended flights to and from Lebanon till further notice. AIRBALTIC. Latvia's airBaltic cancelled flights to and from Tel Aviv until. Sept. 15. AIR FRANCE-KLM. KLM cancelled all flights to and from Tel Aviv up until Oct. 26. The Franco-Dutch group's inexpensive system Transavia cancelled. flights to and from Tel Aviv till March...

A number of airline companies are performing preventive evaluations on their Airplane A350 fleets after Hong Kong's Cathay Pacific found 15 aircrafts that needed fuel line repair work following the inflight failure of an engine part. The issue occurred on a five-year-old Plane A350-1000, which uses Rolls-Royce's Trent XWB-97 engines, however some carriers are also checking the more popular A350-900 airplane which use a different engine model. The European Union Air Travel Security Agency (EASA) on Thursday provided airlines between 3 and thirty days to perform visual checks and measurements on the fuel houses in A350-1000 engines. The A350-900 is...

A number of airline companies are performing precautionary inspections on their Airbus A350 fleets after Hong Kong's Cathay Pacific found 15 aircrafts that needed fuel line repairs following the inflight failure of an engine part. The concern happened on a five-year-old Jet A350-1000, which utilizes Rolls-Royce's Trent XWB-97 engines, but some providers are also inspecting the more popular A350-900 airplane which use a various engine design. The European Union Aviation Security Agency (EASA) on Thursday gave airlines between three and 1 month to perform visual checks and measurements on the fuel homes in A350-1000 engines. The A350-900 is not affected....

Malaysia is targeting net no emissions in its air travel sector by 2050 through the launch of a decarbonisation plan, its transportation ministry said on Thursday. The blueprint includes strategies to lower carbon emissions by up to 18% in aircraft technology, and increasing making use of sustainable aviation fuel, including biofuels and other alternatives, which intends to reduce emissions by 46%, the transportation ministry said in a statement. Malaysia will also pursue an extra 30% reduction in carbon emissions by embracing carbon balanced out plans and purchasing carbon credits, the ministry stated. The targets were, however, depending on local sustainable...

Numerous airline companies are performing precautionary evaluations on their Airplane A350 fleets after Hong Kong's Cathay Pacific discovered 15 aircrafts that needed fuel line repair work following the inflight failure of an engine part on Monday. The problem took place on a five-year-old Airbus A350-1000, which utilizes Rolls-Royce's Trent XWB-97 engines, but carriers are also inspecting the more popular A350-900 airplane which utilize a various engine design. Here is what airlines are doing, divided by the design of the airplane: A350-1000 Cathay Pacific identified 15 airplane that needed replacement of engine elements and six have already been repaired, while the...

Subur, the Russian petrochemical company, plans to issue domestic bonds by the end of this year to finance the Amur Gas and Chemical Complex (GCC), said Chief Executive Mikhail Karisalov on Friday. However he did not reveal the size of the bond. Amur Complex in Russia's Far East is a joint-venture with Sinopec, which will start in 2027. It will become one of the largest polyethylene and polypropylene producers in the world. Karisalov told the Eastern Economic Forum, held in the Pacific port city of Vladivostok, that "we are already at an advanced stage" with the preparations for the bond...

Singapore will enable night movement of linetowed container barges to and from Pasir Panjang Terminal, following a fourmonth trial, the Maritime and Port Authority of Singapore (MPA) said in a statement on Wednesday. The most recent measure followed a duration of longer waiting times for vessels for container berths earlier in May and June, when blockage at Singapore, the world's second-largest container port, struck its worst since the COVID-19 pandemic. Night motion was previously permitted just at the Brani and Keppel Terminals, where navigational traffic is less intricate than around Pasir Panjang. This procedure aims to improve connection with local...

Vietnam's state energy EVN said on Wednesday it has actually completed construction of a power transmission line expected to improve power supply to the industrialised northern region, home to factories for several large multinationals. The 519 km (322.5 mile) line from the main province of Quang Binh to Pho Noi power station outside Hanoi is part of Vietnam's efforts to avoid a repeat of power lacks that strike factories and households in northern provinces throughout heatwaves in current years. The $1 billion power line, built in less than a year, is expected to approximately double to around 5 gigawatts the...

CNPC is Asia's largest oil producer and it has reviewed its global strategy to revitalize dealmaking. It will focus on gas liquefaction, deepsea drilling, as well as improving its track record in producing more from aging fields. China National Petroleum Corp. (CNPC) & its listed subsidiary PetroChina are facing stagnant oil production at home, a lack of new projects worldwide to boost reserves and a slowing economy and a surge in EV use eroding domestic demand. However, mounting geopolitical obstacles limit their room for manoeuvre. Lu Ruquan is the director of CNPC’s Economics and Technology Research Institute and is actively...

2 tankers that collided and caught fire near Singapore previously this month are afloat and anchored in Malaysian waters, with an investigation into the occurrence continuous, Malaysia's marine department stated on Tuesday. The Singapore-flagged Hafnia Nile and the Sao Tome and Principe-flagged Ceres I collided and caught fire about 55 km ( 35 miles) northeast of the Singaporean island of Pedra Branca early on July 19. The Hafnia Nile, a Panamax tanker, was bring about 300,000 barrels of naphtha predestined for Japan, according to ship-tracking data from Kpler and LSEG. Naphtha is a raw material for making petrochemicals. The Hafnia...

China's BYD broadened its sales lead over Tesla in Singapore in the first half of this year, federal government data revealed, highlighting the challenge facing the world's most significant electrical vehicle maker by sales from Chinese competitors. BYD's strong development in Singapore, among the region's. smallest car markets, highlights the Chinese firm's ambition. to dominate the Southeast Asia market, where gas car brands. from Japan and South Korea are popular and Tesla has yet to. develop a big presence. The Chinese company has actually had already had early success in the. area, declaring Thailand as its most significant overseas market...

Indonesian statecontrolled refiner Pertamina has actually added Russian oil grades to its tender lists to buy September crude, three traders stated on Monday. Pertamina has not acquired Russian oil for years, having taken a step back since the start of Russian-Ukraine armed force conflict in 2022, though Indonesia did not sign up with Western sanctions versus Russia. Pertamina last acquired ESPO Blend and Sokol oil from Russia more than 10 years ago, LSEG information shows. Western sanctions against the Russian energy sector, consisting of an EU embargo on its oil and a rate cap mechanism, have actually made China, India...

Indonesian refiner Pertamina has added Russian oil grades to its tender lists to buy September unrefined, three traders stated on Monday. Pertamina hasn't acquired Russian oil for years, having taken an action back considering that the start of Russian-Ukraine armed force dispute in 2022, though the state did not join western sanctions versus Russia. Pertamina last purchased ESPO Blend and Sokol oil from Russia more than 10 years ago, LSEG data programs. Western sanctions against the Russian energy sector, including EU embargo on its oil and the price cap system, have made China, India and Turkey the primary purchasers of...