IHS Chemical Week
SHIPPING

Report: Ciech and Iran's NITC discuss JV to ship petrochemicals, LNG

November 21, 2016 | Francinia Protti-Alvarez

Ciech Trading (Warsaw, Poland), a subsidiary of Ciech; and National Iranian Tanker Co. (NITC; Tehran) are holding talks regarding launching a joint shipping line, according to a report from Iran's Mehr news agency. The possible joint venture would transport...

Stolt-Nielsen receives antitrust approvals for Jo Tankers acquisition

November 17, 2016 | Natasha Alperowicz

Stolt-Nielsen (Oslo, Norway) says its plans to acquire the chemical tanker operations of Jo Tankers have received unconditional competition authority approvals. The acquisition is expected to be finalized before the end of November. The company tells CW the...

Coatzacoalcos closed for a second day running due to bad weather

November 11, 2016 | Francinia Protti-Alvarez

The port of Coatzacoalcos in Veracruz was closed to the second day running yesterday owing to bad weather conditions, according to a weather report from Mexico's Ministry of Communications and Transportation. The bad weather is expected to continue affecting...

Mitsui OSK delivers first ethane carrier to Reliance

November 10, 2016 | Francinia Protti-Alvarez

Mitsui OSK Lines (MOL; Tokyo, Japan) has delivered a new, very large ethane carrier (VLEC), Ethane Crystal, built by Samsung Heavy Industries (SHI; Seoul, South Korea), to Reliance Industries. The Ethane Crystal is the first VLEC from a series of six that...

Reliance secures loan finance to build six large ethane carriers

November 1, 2016 | Natasha Alperowicz

Reliance Industries has agreed loan facilities of $573 million with a group of international banks to part-finance constructing six very large ethane carriers (VLECs) to transport ethane from the US to the company's petrochemical operations in India. The...

Croatian shipbuilder launches chemical tanker for Marflet

October 10, 2016 | Francinia Protti-Alvarez

Uljanik (Pula, Croatia), a shipbuilder, has launched a chemical tanker commissioned by shipowner Marflet Marine (Madrid, Spain), according to a company filing with the Zagreb, Croatia, stock exchange. The tanker was built by Uljanik’s subsidiary...

Canada gains drive 2.2% YOY increase in North America weekly chemical rail traffic

September 7, 2016 | Clay Boswell

During the week ended 3 September, chemical railcar traffic in North America increased 2.2% year over year on strong gains in Canada. For all of North America, chemical railcar traffic during the week totaled 44,331 carloads, up 2.5% from the previous week, according to data released on 7 September by the Association of American Railroads....

Houston Ship Channel partially closed after tanker fire

September 6, 2016 | Brian Balboa

The US Coast Guard says that marine traffic is able to get in and out of the Houston Ship Channel, but that a significant portion of the waterway remains closed following a ship fire and fuel leak early Tuesday morning. The Coast Guard offered no timeframe for when the waterway would be completely open to traffic....

Odfjell's earnings, sales sink on rough conditions in tanker markets

August 25, 2016 | Ian Young

Odfjell SE (Bergen, Norway) reports a year-on-year (YOY) decline in second-quarter earnings and sales, citing tough conditions in chemical tanker markets. Second-quarter net profit was $16 million, down YOY from $24 million, on revenue of $241 million...

Saudi operator secures $133.2-million credit facility to purchase five chemical tankers

August 16, 2016 | Francinia Protti-Alvarez

National Chemical Carriers (Bahri Chemicals; Riyadh, Saudi Arabia), an 80-20 joint venture of The Saudi National Maritime Co. (Bahri; Riyadh) and SABIC, has secured a $133.2-million, Islamic-compliant credit facility for the purchase of five chemical tankers...

N. America weekly chemical rail traffic down 1.6% YOY

August 10, 2016 | Clay Boswell

During the week ended 6 August, chemical railcar traffic in North America decreased 1.6% year-over-year (YOY) on declines in the United States and Canada. For all of North America, chemical railcar traffic during the week totaled 42,566 carloads, down 0.1% from the previous week, according to data released on 10 August by the Association of American Railroads (AAR)...

N. America weekly chemical rail flat YOY as US gains offset declines in Canada, Mexico

August 3, 2016 | Clay Boswell

During the week ended 30 July, chemical railcar traffic in North America increased 0.2% year-over-year (YOY) as gains in the United States offset declines in Canada and Mexico. For all of North America, chemical railcar traffic during the week totaled 42,601 carloads, up 2.8% from the previous week, according to data released on 03 August by the Association of American Railroads...

First two propylene shipments loaded for export from Enterprise Hydrocarbon Terminal

July 19, 2016 | Clay Boswell

Enterprise Products Partners LP (Houston, Texas) says it has loaded the first two vessels to receive polymer-grade propylene (PGP) for export from the Enterprise Hydrocarbons Terminal (EHT) on the Houston Ship Channel. The EHT, which is directly supplied by fractionators and storage wells at Enterprise’s Mont Belvieu, Texas, complex, can load up to 5,000 metric tons per day of PGP. The company is making other investments that will increase the supply of PGP available for export, including constructing a propane dehydrogenation unit at Mont Belvieu....

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