IHS Chemical Week

N. America weekly chemical rail traffic droops 2.5% YOY

April 27, 2016 | Clay Boswell

During the week ended 23 April, chemical railcar traffic in North America totaled 43,123 carloads,  down 2.5% year-over-year (YOY) and down 3.0% from the previous week, according to data released on 27 April by the Association of American Railroads (AAR). However, chemical traffic continues to outperform, with volume for the year to-date increasing 0.7%, versus a 12.9% decline in all railcar traffic....

North America weekly chemical rail traffic down YOY on declines in Canada, Mexico

April 20, 2016 | Clay Boswell

During the week ended 16 April, chemical railcar traffic in North America decreased 1.4% year-over-year (YOY) on lower volumes in Canada and Mexico, according to data released on 20 April by the Association of American Railroads (AAR). North American chemical railcar traffic during the week totaled 44,445 carloads, up 1.8% from the previous week. For the year to date, chemical railcar traffic in North America is up 0.9%, versus a 12.6% decrease in all railcar traffic, according to the AAR....

Milaha-Muntajat extend feeder agreement to transport petchem exports from Qatar

April 20, 2016 | Francinia Protti-Alvarez

Milaha (Doha) has signed a one-year feeder agreement with Qatar Chemical (Doha), and Petrochemical Marketing & Distribution Company (Muntajat; Doha), to transport up to 150,000 twenty-foot equivalent units (TEUs) of petrochemical exports from Qatar. The...

Stolt-Nielsen reports lower profits, revenue on lost operating days

April 8, 2016 | Ian Young

Stolt-Nielsen reports net profit attributable to shareholders of $30.4 million for its fiscal first quarter, ended 29 February, down from $38.7 million in the corresponding quarter of the previous year, on revenue of $464.0 million, down from $487.7 million...

IHS WPC 2016: Ineos considering ethylene exports from US

March 17, 2016 | Clay Boswell in Houston

Ineos is entertaining the possibility of exporting ethylene from the United States. “There’s uncertainty in the wave of ethylene coming on,” says Dennis Seith, CEO and president/olefins and polymers, United States at Ineos. “Perhaps it will be long. We think it could be. Does that mean we have an ethylene tank opportunity in the US?”...

Increased competition among petchem firms for US ethane exports by late 2016

March 14, 2016 | Brian Balboa

Waterborne exports of ethane feedstock from the United States are gathering momentum. Sunoco Logistics’ Marcus Hook, PA, terminal launched the first shipment last week—27,500 cubic meters of liquefied ethane from the northeastern United States—carried by the JS Ineos Intrepid and bound for Ineos's Rafnes, Norway, site. Enterprise Products will bring online its Morgan’s Point terminal in the Houston Ship Channel by the end of this year....

Chemical traffic at Antwerp buoyed by strong chemical cluster, international purchasing

February 23, 2016 | Ian Young

Bulk chemical traffic in the Port of Antwerp increased to 13.5 million m.t. in 2015 from 11.4 million m.t. in 2014, according to the port's recently released statistical yearbook. The unloading of bulk chemical products at Antwerp increased to 9.27 million...

Bertschi opens logistics facility in Singapore, serving specialty chemical producers

February 15, 2016 | —Deepti Ramesh in Singapore

Chemical logistics firm Bertschi (Dürrenäsch, Switzerland) officially opened a facility at Jurong Island, Singapore, on 29 January. The facility, the Bertschi Jurong Island Chemical Cluster (JICC), is the group’s first in Southeast Asia....

Lower fuel costs a mixed blessing for deep-sea chemical tanker firms

February 12, 2016 | Ian Young

Deep-sea chemical tanker market leaders Stolt-Nielsen and Odfjell posted a mixed set of results for the fourth quarter of 2015. Stolt's earnings improved due to lower bunker fuel costs caused by falling oil prices but Odfjell's earnings were driven down by...

Asia demand for US petchems tightens cargo space, driving up rates

February 1, 2016 | Brian Balboa

Strong demand and shipping inquiries from Asia have put a strain on cargo space for US petrochemical exports, pushing up freight rates out of the US. The primary driver has been expanding US methanol production capacity, but strong Asian interest in US para-xylene (p-xylene), styrene, ethanol and ethylene dichloride has also  contributed to the pinch. Compounding the problem, two major shippers were unable to move any material during January, according to ship brokers Netco....

Chemical logistics firm Bertschi opens facility in Singapore, to expand further in Singapore and in other regions in Asia

January 30, 2016 | Deepti Ramesh in Singapore

Chemical logistics firm Bertschi (Dürrenäsch, Switzerland), on 29 January, officially opened a new facility in Jurong Island, Singapore. The new facility, called the Bertschi Jurong Island Chemical Cluster (JICC), is Bertschi’s first in...

Den Hartogh acquires InterBulk creating top-three chemicals logistics company

December 24, 2015 | Natasha Alperowicz

The boards of Den Hartogh Holding (Rotterdam) and InterBulk Group (Hull, UK) have reached an agreement for Den Hartogh to acquire InterBulk. The companies have complementary strengths and geographical footprint. After completion, they will together form a...

International consortium and Sibur close deal for investing in marine terminal in Russia

November 3, 2015 | Natasha Alperowicz

A consortium comprising the Russian Direct Investment Fund (Moscow) and leading international investors has announced the completion of a deal to invest in a terminal in the commercial port of Ust-Luga, Russia, after obtaining all regulatory approvals. The...

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