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Muntajat signs agreement with Qatari shipping firm to export ammonia

1:37 PM MDT | July 21, 2014 | Natasha Alperowicz

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 liquefied petroleum gas carrier Almarona to transport ammonia from Qatar to...


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Petkim sells stake in Petlim Port in Turkey to Goldman Sachs

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 will boost the company’s plans to develop the port into the largest...

Odfjell spins LPG-ethylene shipping business into JV, orders four vessels

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. Odfjell, meanwhile, says it has exercised an option for Nantong...

Odfjell net loss widens, plans restructuring

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 year-earlier period. The company's Ebitda declined year-on-year (YOY), to...

Ineos orders two additional ethane carriers from Evergas

Ineos has reached an agreement with Evergas (Copenhagen) to expand, from four to six vessels, the former's order for a series of ethane vessels that are under construction in China, Ineos announced today. Ineos signed, in January last year, a 15-year...

ACC, CI sue to stop railroad from imposing new shipping restrictions

The Chlorine Institute and ACC have asked the US District Court for the District of Minnesota to prevent Canadian Pacific Railway from imposing a restrictive new requirement on shippers of chlorine and other toxic inhalation hazard materials. The Fertilizer Institute has joined the complaint....

Chemical shipping firm postpones IPO

Stalwart Tankers (Athens) has postponed plans to list shares in the United States owing to "market conditions," a Reuters report says. The company filed in February this year with US regulators to raise up to $100 million in an initial public...

Stolt-Nielsen's first-quarter earnings rise

Stolt-Nielsen says its net profit for the first quarter of 2014 soared to $19 million from $1 million in the corresponding period of 2013, on revenue of $517 million, down from $519 million one year earlier. First-quarter 2014 operating profit was $46...

Port of Antwerp strengthens ties with Brazil

 The port of Antwerp intends to strengthen ties with Brazil. Apec-Antwerp/Flanders Port Training Center, a subsidiary of the Antwerp port authority, has signed a declaration of intent with Grupo Bertin (São Paulo), the port says. The agreement is...

Borouge and DP World sign logistics contract

DP World (Dubai), a leading marine terminal operator and logistics provider, and Abu Dhabi Polymers Co. (Borouge), today announced the signing of a contract under which DP will support the distribution of Borouge’s products to export markets. The...

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