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Tanker operator Eitzen posts big increase in Ebitda

11:32 AM MDT | May 23, 2013 | Ian Young

Tanker operator Eitzen Chemical (Oslo) says its Ebitda more than doubled in the first quarter of 2013 compared with the fourth quarter of 2012, to $10.5 million. Revenue was not disclosed. The result reflects an improvement in the chemical shipping market...


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Stolt-Nielsen reports lower first-quarter net profits

 Stolt-Nielsen posted a fall in unaudited net profits for the first quarter of 2013 to $1.5 million, from $8 million in the corresponding quarter of 2012, on sales of $519.4 million, up from $505.7 million a year earlier. Operating profits increased to...

Chemicals sector rail traffic rises 1.7%

Chemicals sector rail traffic in North America rose 1.7% year-on-year (YOY) during the week ended 4 May, to 44,540 cars, according to the Association of American Railroads (AAR; Washington). US traffic was down 0.1%, to 30,446 cars. Canadian traffic rose...

Odfjell's net losses widen; agreement signed for expanded tank storage JV

Odfjell posted a $13-million net loss for the first quarter compared with a net loss of $4 million in the corresponding period of 2012, on sales down 13%, to $291 million. Ebitda fell 34% year-on-year, to $27 million. Odfjell's chemical tankers...

Chemicals sector rail traffic down 3.4%

Chemicals sector rail traffic in North America declined 3.4% year-on-year (YOY) during the week ended 27 April, to 43,315 cars, according to the Association of American Railroads (AAR; Washington). US traffic was down 5.9%, to 29,891 cars. Canadian traffic...

Chemicals sector rail traffic declines 0.1%

Chemicals sector rail traffic in North America fell 0.1% year-on-year (YOY) during the week ended 20 April, to 44,392 cars, according to the Association of American Railroads (AAR; Washington). US traffic was down 4.1%, to 29,598 cars. Canadian traffic rose...

Muntajat takes over marketing activities of Qatar Vinyl Co.

Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha) has taken over the sales and marketing activities of Qatar Vinyl Co. (QVC), adding 1.2 million m.t./year of products to its annual exports, the company announced today. The...

Chemicals sector rail traffic rises 8.3%

North American chemicals sector rail traffic rose 8.3% year-on-year (YOY) during the week ended 6 April, to 43,838 cars, according to the Association of American Railroads (AAR; Washington). US traffic was up 6.5%, to 30,475 cars. Canadian traffic rose 12.5%...

Odfjell and Saudi Arabia's NCC to discontinue chemical tanker pool

Odfjell Tankers and National Chemical Carriers (NCC; Riyadh) have agreed to dissolve their pool of 40,000–45,000 deadweight (dwt) m.t. coated chemical tankers, effective 1 June. The companies have operated the pool of vessels, NCC Odfjell Chemical...

Chemicals sector rail traffic rises 0.6%

Chemicals sector rail traffic in North America rose 0.6% year-on-year (YOY) during the week ended 30 March, to 43,944 cars, according to the Association of American Railroads (AAR; Washington). US traffic was down 2.3%, to 30,557 cars. Canadian traffic...

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