Sembcorp Marine, the Singapore-based shipbuilding and conversions yard for offshore energy platforms, including for the LNG sector, has issued a further explanation to shareholders scheduled to meet on February 16 to vote on the merger with Keppel Offshore and Marine.

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Singapore LNG spot cargo prices fell, led by a decline in North Asia of around 3 percent on the week and in the Middle East and India as traders looked to September and beyond for higher values.

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Singapore LNG spot cargo prices for China, Japan and South Korea declined by up to US$0.28 per million British thermal units, or 5.9 percent, from North Asia to the Middle East and India.

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Trafigura, the international commodities group, reported an almost doubling of six-month profits as its LNG, crude oil and gasoline trading desks were the stand-out contributors.

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