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Regulatory setback puts appraisal of gas discovery at risk in Southeast Asia

A regulatory notice over a missed drilling deadline has placed a production sharing contract (PSC) for a gas asset under threat unless SundaGas Banda Unipessoal, a wholly owned subsidiary of the UK-based and AIM-listed Sunda Energy, shows proof that a rig has been booked to undertake the appraisal program next year off the coast of the …

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Asia-US container rates face upward pressure; falling fuel costs could cap increases

Rates for shipping containers from Asia to the US continue to face upward pressure amid an early start to peak season and the pulling forward of volumes to be new tariffs, but lower bunker fuel costs could help slow the increases. Rates to both coasts from global logistics company Freight Right showed the largest increase …

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