Archive for November 2013 | Monthly archive page

Petroliam Nasional Bhd., Malaysia’s state-owned oil and gas producer, is set to receive a spot cargo of liquefied natural gas at its Sungai Udang receiving terminal in Melaka, according to ship-tracking data.

The Seri Bijaksana, with a capacity of about 153,000 cubic meters, is anchored off Perak on the western coast of peninsular Malaysia, according to transmissions captured by IHS Fairplay on Bloomberg. It is scheduled to dock Oct. 15, the data show.

The tanker sailed from Nigeria LNG Ltd.’s Bonny Island terminal, where it loaded the supercooled natural gas and departed Aug. 28.

Petronas, as the Kuala Lumpur-based company is called, bought the spot cargo through a sell tender held by Nigeria LNG last month. Malaysia was the world’s second largest producer of LNG in 2012 with exports of 23.72 million tons, according to the International Group of LNG Importers.

CARGO traffic slumped by 3.8 per cent through South Korea’s Incheon Airport in September.

Total volume through the Seoul airport fell to 203,600 tonnes in the month, contributing to an overall drop of 0.9 per cent in the first three quarters of 2013.
A major contributor to the slump was a continuing slowdown of business with China.

Direct shipments from Incheon to Chinese markets has seen continuous negative growth for many months, a spokesperson reveals.

The tough air cargo market has forced the airport to offer substantial incentives to encourage more cargo business.

These include a 10 per cent reduction in landing and parking fees – and reduced rents for users of the airport’s Free Trade Zone.

The good news is that traffic to Hong Kong, Incheon’s biggest cargo destination, “is showing a consistent increase,” says a spokesperson.

Air cargo movements to Hong Kong showed a 3.5 per cent improvement during September.