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Australian firm signs potash export MOU with port authority in Spain

7:37 AM MST | December 18, 2014 | Francinia Protti-Alvarez

Highfield Resources (West Perth, Australia) has signed a memorandum of understanding (MOU) with the port authority of Passaia/Pasajés, northern Spain, the company announced today. The MOU provides a nonbinding commitment of port capacity for all of the...


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Stolt-Nielsen founder retires from company's board

Jacob Stolt-Nielsen will retire from the board of Stolt Nielsen Ltd. (SNL) on 15 December, 55 years to the day since he founded the company. He will continue as honorary chairman of SNL. Stolt-Nielsen, 83, conceived the innovative designs that led to the...

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

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...

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....

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