The state-owned petrochemical and fertiliser company Pupuk Indonesia is looking to turn Batam into a hub for producing ammonia from natural gas and using it for domestic industry, export and ‘as a future marine fuel’. According to a statement issued on PRNewsire and HKBusinesswire today (4 November), the company is planning to use gas supplies from the Natuna region and Grissik, as Indonesia’s gas supply contract with Singapore is set to expire in 2028. The statement reported that Pupuk Indonesia’s President Director Rahmad Pribadi held discussions on Monday (2 November) with Amsakar Achmad, the Head of Badan Pengusahaan (BP) Batam, […]

Lloyd’s Register (LR) Advisory’s new service is aimed at helping ports, governments and logistics operators keep critical cargo moving when ‘geopolitical shocks, congestion, extreme weather or infrastructure failures’ disrupt trade routes. Launched at the IAPH2026 World Ports Conference in London this week, the service will support clients in determining where cargo should move, which alternatives are viable and when contingency measures should be implemented. LR Advisory assesses disruption across ports, airports, road borders and rail connections and then helps clients compare alternative gateways and sea, air and land transport combinations against ‘cost, capacity, delay, service and risk.’ In the first […]

CVR Energy has entered into a definitive agreement with subsidiaries of Marathon Petroleum to acquire Marathon’s St. Paul Park, Minnesota and Mandan, North Dakota refineries, along with Marathon’s related marketing business, for a total purchase price of approximately $4.2 billion, plus net working capital. Global commodity trader Trafigura has signed strategic agreements with CVR Energy to support the acquisition. As part of this, Trafigura will subscribe for $800 million of new CVR shares to acquire a minority stake – and when the deal is completed Trafigura will become the exclusive supplier of crude oil to the acquired refineries and enter […]