Nda

China

Wan Hai Lines Seals $816M Deal for Methanol-Ready Boxship Quartet

Wan Hai Lines, a leading Taiwanese shipping company, has contracted two South Korean shipbuilders to construct four dual-fuel methanol-ready container vessels. …

Crude Oil

Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales

On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l…

Oil Refinery

Spanish Oil Refineries Shut Down After Power Blackout

On Monday, a widespread power outage across Spain and Portugal forced several oil refineries to suspend operations, including both plants managed by Moeve, Spai…

Ethanol

Trump Administration Allows Temporary Sales of Summertime Higher-Ethanol Fuel

On Monday, the Trump administration announced an emergency waiver permitting the nationwide sale of E15, a gasoline blend containing 15% ethanol, during the sum…

Electricity Transmission

Loss of Power, Franco-Spanish Interconnection Failure Led to Grid Collapse

On Monday, a widespread blackout affected large parts of the Iberian Peninsula, primarily due to a significant and sudden reduction in electricity supply, accor…

Nuclear Power Plant (NPP)

Olkiluoto 3 Nuclear Plant Back Online Ahead of Schedule

The annual maintenance of the Olkiluoto 3 nuclear reactor was completed on Monday morning, with electricity production expected to resume at 1 a.m. on Tuesday, …

China

Chinese Airlines Transport 34% More International Passengers in Q1: Official

Chinese airlines carried 18.925 million international passengers in the first quarter, a 34% year-on-year increase and 4.5% above 2019 levels, the Civil Aviatio…

Uganda

MTN Uganda Upgrades Network

MTN Uganda has initiated a comprehensive network upgrade project, scheduled to run through July 2025, to enhance its voice, data, and mobile money services. Ann…

Electric Vehicles

Kia, Hyundai Mobis’s Q1 Sales Hit Record Amid EV Demand Surge but Margins and Tariffs Cloud Outlook

Kia reported its highest-ever first-quarter revenue of 28.02 trillion won ($19.6 billion) and an operating profit of 3.01 trillion won for January to March, ann…

South Korea

Seoul Plaza to Undergo First Major Renovation in 21 Years

The Seoul Metropolitan Government announced on Monday that Seoul Plaza, located in front of Seoul City Hall, will undergo its first major renovation since its o…

Nuclear Power Plant (NPP)

New Nuclear Power Projects Get Green Light

On Sunday, China’s State Council, chaired by Premier Li Qiang, approved several new nuclear power projects, including Phase III of the Sanmen Nuclear Powe…

Metal

Lynas Rare Earths’ Q3 Revenue Misses Estimates as Pricing, Volatility Weighs

Lynas Rare Earths, the largest producer of rare earths outside China, reported its third-quarter gross sales revenue on Monday, reaching A$123 million ($78.62 m…

Nuclear Power Plant (NPP)

Cooling Tower Work Begins at Leningrad 7

Construction of a ring foundation for an evaporative cooling tower has started at the site of unit 7 of the Leningrad Nuclear Power Plant (NPP), also referred t…

Offshore Wind Power

EA3 Monopile Installation Gets Underway

ScottishPower has begun offshore construction for its £4 billion East Anglia 3 offshore wind farm, a 1400MW project in the North Sea. The installation of …

Brazil

TikTok Owner Weighs Data Center Project in Brazil, Sources Say

ByteDance, the Chinese company behind TikTok, is exploring a significant investment in a data center in Brazil, according to three informed sources. The project…