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Odfjell Forms Chemicals Terminal JV in China

6:00 AM MST | January 12, 2012 | Deepti Ramesh

Chemical shipping and tank storage company Odfjell says its Odfjell Terminals Asia (Singapore) subsidiary has entered into a joint venture agreement with Tianjin Economic Technology Development Area (TEDA) and its Nangang Port Company subsidiary to develop a terminal and marine facilities for bulk liquid chemicals, petroleum products and gases in the Nangang Industrial Zone in Tianjin, China. The jv company will be called Odfjell Terminals Nangang (Tianjin), and Odfjell will hold 49% stake and also handle the operational management of the jv. The initial total...

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