LONDON (ICIS)–Moldova’s best chance to consolidate its gas sector is to couple up with the Romanian market, the CEO of gas incumbent Moldovagaz told ICIS on 24 May. Speaking on the 25th anniversary of the company, which is majority owned by Russia’s Gazprom, Vadim Ceban said the country and Moldovagaz were facing major changes including […]
Container rates surge, chem tanker rates ease; Canada rail strike unlikely before July
May 25, 2024 By
HOUSTON (ICIS)–Rates for shipping containers continued to surge, liquid chemical tanker rates were flat to softer, and a possible freight rail strike in Canada is unlikely before mid-July, highlighting this week’s logistics roundup. Rates are being pressured higher because of possible start of a restocking cycle in Europe and as US importers pull forward some […]
Spare Parts Roller Conveyor
May 10, 2024 By
The Roller Conveyor Machines spare parts have been delivered to the esteemed client of ours.
Electro Motor
March 2, 2024 By
As the fulfillment of our client`s requirement, Famico prepared one Complete Electro Motor for valued customer. An electric motor is an electrical machine that converts electrical energy into mechanical energy. Most electric motors operate through the interaction between the motor’s magnetic field and electric current in a wire winding to generate force in the form […]
Ukrainian gas transit negotiations
February 3, 2024 By
LONDON (ICIS)–Ukraine and Russia are locked in negotiations over the transit of gas that could change the supply dynamics to Europe and Turkey from 1 January 2020. While Ukraine would like to retain its historical role as Europe’s most important transit route, Russia plans to divert supplies to its new pipelines, Nord Stream 2 and […]
China LPG importers navigate global risks
February 3, 2024 By
SINGAPORE (ICIS)–China’s LPG demand is projected to hit 80m tonnes this year, a lower growth rate of 7% compared with last year’s 14%, as the sector grapples with logistic risks and weak downstream demand. China’s LPG demand growth is mainly driven by feedstock demand from the propane dehydrogenation (PDH) units, which are projected to account […]
LyondellBasell sees durable goods demand recovery in H2 2024, firm PE prices
February 3, 2024 By
NEW YORK (ICIS)–Global durable goods demand should finally pick up in H2 2024 on falling interest rates and inflation, ending the longest such downturn in history, said the CEO of LyondellBasell. “We expect moderating interest rates, reduced inflation and infrastructure-related stimulus spending will begin to support a gradual return to healthier demand for durable goods […]
Eurozone January inflation down slightly from December
February 2, 2024 By
LONDON (ICIS)–Eurozone inflation remained elevated in January though fell slightly from the previous month, according to official data on Thursday. January inflation stood at 2.8%, down from 2.9% in December when the rate rose month on month to curb a downward trend. The main drivers for higher January prices were food, alcohol & tobacco, statistics agency […]
US NGL supplies to grow as oil output exceeds forecast
February 2, 2024 By
HOUSTON (ICIS)–US oil production will likely exceed the forecast that Enterprise Products made in 2023, and that should lead to more natural gas liquids (NGLs) that petrochemical producers can use as feedstock, the midstream company said on Thursday. The Permian basin will account for the most of that new production forecasted by Enterprise, said Tony Chovanec, […]
