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January 29, 2015
Stolt-Nielsen says its fourth-quarter 2014 net profit attributable to shareholders plunged to $13 million from $35 million in the corresponding quarter of 2013, on revenue of $532...
http://www.chemweek.com/services/shipping/Stolt-Nielsen-posts-fourth-quarter-profit-decline-lower-fuel-costs-to-boost-earnings-this-year_67320.html
January 29, 2015
Mitsui & Co. has signed two time-charter contracts for liquefied natural gas (LNG) ships slated for the Cameron LNG export project in Louisiana, the company announced today. The...
http://www.chemweek.com/services/shipping/Mitsui-secures-two-more-ships-for-US-LNG-export-project_67292.html
January 20, 2015
Highfield Resources (Pamplona, Spain) has signed a memorandum of understanding (MOU) with the Port Authority of Bilbao, Spain. The MOU confirms the availability of 25,000 sq...
http://www.chemweek.com/services/shipping/Highfield-Resources-signs-MOU-with-a-second-Spanish-port_66995.html
January 20, 2015
Highfield Resources (Pamplona, Spain) has signed a memorandum of understanding (MOU) with the port authority of Passaia/Pasajés, northern Spain, the company announced...
http://www.chemweek.com/services/shipping/Australian-firm-signs-potash-export-MOU-with-port-authority-in-Spain_66290.html
January 16, 2015
Petrobras concluded the first naphtha shipment out of the company's newly completed Abreu e Lima refinery, in Brazil, earlier this week. The naphtha delivery is for Braskem, Petrobras...
http://www.chemweek.com/services/shipping/Petrobras-ships-first-naphtha-cargo-from-new-Brazil-refinery_66931.html
January 12, 2015
Odfjell says that its board has approved a restructuring program that is expected to result in annualized improvements in the company's net profit of more than $100.0 million by 2016...
http://www.chemweek.com/services/shipping/Odfjell-to-cut-jobs-in-restructuring-plan-CEO-steps-down_66751.html
December 25, 2014
Reliance Industries announced today that it has signed shipping agreements with Mitsui OSK Lines (MOL; Tokyo), one of the world’s largest shipping companies, for transporting...
http://www.chemweek.com/services/shipping/Reliance-inks-shipping-deal-with-Mitsui-OSK-to-import-ethane-from-North-America_66466.html
December 9, 2014
Jacob Stolt-Nielsen will retire from the board of Stolt Nielsen Ltd. (SNL) on 15 December, 55 years to the day since he founded the company. He will continue as honorary chairman of...
http://www.chemweek.com/services/shipping/Stolt-Nielsen-founder-retires-from-companys-board_65990.html
November 13, 2014
Odfjell posted a net loss of $9 million for the third quarter, compared with a $9-million net profit in the corresponding period last year, on revenue of $267 million, up from $259...
http://www.chemweek.com/services/shipping/Odfjell-swings-to-a-net-loss-on-reduced-spot-trading-lower-freight-rates_65352.html
November 13, 2014
Two new liquefied natural gas (LNG) powered sea vessels were launched on Teesside today. Operated by shipowner Anthony Veder, the new ships will carry liquefied ethylene gas from...
http://www.chemweek.com/services/shipping/New-vessels-launched-to-ship-Sabics-ethylene-produced-in-the-UK_65311.html
October 29, 2014
IM Skaugen (IMS; Oslo), part of the Skaugen Group (Oslo), has agreed to sell liquefied petroleum gas (LPG)/ethylene carrier Norgas Napa to a subsidiary of Teekay (Vancouver) for $27...
http://www.chemweek.com/services/shipping/IM-Skaugen-sells-LPGethylene-carrier-to-Canadian-firm_64904.html
October 29, 2014
Stolt-Nielsen plans to relocate its tankers' staff in Norwalk, CT to Houston. The move will consolidate the company's US-based staff in Houston, which is the port most frequently...
http://www.chemweek.com/services/shipping/Stolt-Nielsen-to-relocate-tanker-staff-from-Norwalk-to-Houston_64887.html
October 13, 2014
A wholly owned subsidiary of Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha) headquartered at The Hague has announced 10 new marketing offices...
http://www.chemweek.com/services/shipping/Muntajat-subsidiary-opens-10-new-marketing-offices_64469.html
October 9, 2014
Canpotex (Saskatoon, SK), a potash export cartel, says that it is expanding its potash export facility at the Port of Portland’s (Portland, OR) marine terminal 5. Canpotex...
http://www.chemweek.com/services/shipping/Canpotex-to-expand-Portland-potash-export-terminal_64366.html
September 23, 2014
Odfjell Gas (Bergen, Norway), a joint venture that Odfjell has agreed on with investment firms Breakwater Capital and Oak Hill Advisors, has entered into an agreement with Lauritzen...
http://www.chemweek.com/services/shipping/Odfjell-Gas-enters-into-LPG-ethylene-pool-agreement-with-Lauritzen-Kosan_63940.html
September 3, 2014
Pembina (Calgary, AB) has chosen Portland, OR, as the site for a $500-million, 30,000-bbl/day propane export facility. The company has also agreed to acquire the Vantage pipeline system and Mistral Midstream’s share of the Saskatchewan Ethane Extraction Plant (SEEP) for a total of $650 million....
http://www.chemweek.com/services/shipping/Pembina-buys-Vantage-pipeline-plans-$500-million-propane-export-terminal-at-Portland_63584.html
July 21, 2014
Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha) has signed a two-year contract with Qatar Navigation (Milaha; Doha) for the time charter of the...
http://www.chemweek.com/services/shipping/Muntajat-signs-agreement-with-Qatari-shipping-firm-to-export-ammonia_62601.html
July 21, 2014
Investment banking group Goldman Sachs has become a partner in Turkey’s largest integrated port, operated by Petkim, the country’s leading petrochemicals producer. The deal...
http://www.chemweek.com/services/shipping/Petkim-sells-stake-in-Petlim-Port-in-Turkey-to-Goldman-Sachs_62604.html
May 16, 2014
Odfjell says it has agreed with affiliates of investment firms Breakwater Capital and Oak Hill Advisors to form a liquefied petroleum gas (LPG) and ethylene shipping joint venture...
http://www.chemweek.com/services/shipping/Odfjell-spins-LPG-ethylene-shipping-business-into-JV-orders-four-vessels_61105.html
May 9, 2014
Odfjell posted a net loss of $23 million in the first quarter compared with a net loss of $13 million in the first quarter of 2013. Sales were $266 million, up from $256 million in the...
http://www.chemweek.com/services/shipping/Odfjell-net-loss-widens-plans-restructuring_60964.html
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