IHS Chemical Week
SHIPPING

Odfjell swings to a net loss on reduced spot trading, lower freight rates

6:16 AM MST | November 13, 2014 | Ian Young

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 million one year earlier. Ebitda at Odfjell's chemical tankers business sank...


Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com
MORE SHIPPING

New vessels launched to ship Sabic's ethylene produced in the UK

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 Sabic’s Wilton, UK facility to manufacturing plants in Northwest Europe...

IM Skaugen sells LPG/ethylene carrier to Canadian firm

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 million. The 10,200-cubic meter carrier will be delivered to Teekay in...

Stolt-Nielsen to relocate tanker staff from Norwalk to Houston

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 called by the global Stolt Tankers fleet. Stolt Tank Containers' US-based...

Muntajat subsidiary opens 10 new marketing offices

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 have opened in Casablanca, Morocco; Colombo; Dubai; Mumbai; Guangzhou and...

Canpotex to expand Portland potash export terminal

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, through its wholly owned subsidiary Portland Bulk Terminals (PBT), is investing...

Odfjell Gas enters into LPG-ethylene pool agreement with Lauritzen Kosan

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 Kosan (Copenhagen), placing Odfjell Gas's two liquefied petroleum gas...

Pembina buys Vantage pipeline, plans $500-million propane export terminal at Portland

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....

Muntajat signs agreement with Qatari shipping firm to export ammonia

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...

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...

Shipping Archives »











 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa