Odfjell says net losses in the fourth quarter of 2011 were $8 million, exactly the same net result as in the fourth quarter of 2010. Odjfell's sales and Ebitda increased 19% and 11% year over year, to $322 million and $31 million, respectively, in the fourth...
Chemical shipping and tank storage company Odfjell says its Odfjell Terminals Asia (Singapore) subsidiary has entered into a joint venture agreement with Tianjin Economic Technology Development Area (TEDA) and its Nangang Port Company subsidiary to develop a...
Saudi Kayan, a Sabic affiliate, has awarded a contract to SA Talke to provide on-site logistics services for ethoxylates produced at Saudi Kayan's new petrochemical complex at Jubail, Saudi Arabia. SA Talke is a joint venture among Alfred Talke (Hürth...
Tank storage market leader Vopak reported a 6% increase in third-quarter 2011 operating profits excluding exceptional items, to €121 million. Ebitda grew 6% year on year, to €163 million. Sales were not disclosed. Average occupancy rates at Vopak's...
Shipping and tank storage company Odfjell posted a $261-million net profit for the third quarter of 2011 compared with a $11-million net loss in the corresponding quarter of 2010. The result was boosted by proceeds from the divestment in August of 49% stakes...
Crest Chemicals (Midrand, South Africa), a chemical distribution joint venture between Brenntag and AECI (Johannesburg), has acquired certain assets of WK Croxton (Pietermaritzburg...
Higher transport volume concentration around chemical clusters and longer, more complex supply chains are predicted in a review published by Cefic's logistics group, together with Deloitte, which forecasts chemical logistics trends in Europe through 2020. The...
Oiltanking (Hamburg) and PERN (Plock, Poland) have agreed to form a joint venture that will construct a tank storage terminal in the port of Gdansk, Poland. The plot of land dedicated for development of...
Chemical shipping and tank storage company Odfjell has agreed to buy a minority stake in the Noord Natie Terminal (NNT) tank storage terminal at Antwerp. Odfjell will buy a stake of greater than 25% in the NNT...
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