Yayasan Sabah Group is set to play an active role in the chemical marine transportation industry, planning to expand its involvement in this sector with the acquisition of more tankers, the Business Times reported. The group through its joint-venture company, GS Tankers Sdn Bhd, inked a shipbuilding contract for the construction and sale of a chemical tanker with Nok Bong Shipbuilding Co Ltd, a shipbuilder from Koje City, Kyungnam, South Korea. GS Tankers, a joint-venture company between Yayasan Sabah subsidiary Yayasan Sabah Shipping Sdn Bhd and Gagasan Carriers Sdn Bhd, was set up to own and operate the new 10,800-deadweight-tonne chemical tanker costing $19.5 million which is expected to be delivered by August next year. The vessel will have 12 chemical cargo tanks with capacity of 12,000 cu m each, suitable for carrying many types of chemical cargo like methanol as well as palm oil. Yayasan Sabah Shipping would finance 90 percent of the vessel cost with the remaining 10 percent to be borne by GS Carriers. (Source: www.btimes.com)
Norwegian tanker shipping company Eitzen Chemical ASA announced that it has declared an option to order two additional chemicals carriers from Jinse Shipbuilding Co Ltd in Korea. The order, valued at a total of $48m, covers two coated 13,000 dwt chemical carriers. The vessels are scheduled for delivery in 2008 and brings the series from Jinse to four vessels.
Norwegian chemical tanker operator Odfjell last week acquired a 50 percent stake in Brazilian shipping company Flumar. Odfjell said the purchase would mean an investment of $10 million and would result in a strengthening of both companies' positions in the region. "Brazil has a considerable growth potential in production and handling of chemicals," Odfjell said. Flumar operates three chemical tankers and vessels for liquefied petroleum gases and sails mainly along the Brazilian coast
National Shipping Co. of Saudi Arabia is buying as many as 17 very large crude carriers and chemical tankers. The company plans a five-year acquisition program under which it will buy at least nine VLCCs and eight chemical tankers. All vessels being acquired, whether new or used, will be double-hulled. National Shipping currently has nine double-hulled crude carriers, nine chemical tankers, and four multipurpose roll-on-roll-off ships in service. (Source: UPI)
The transfer of some 500 tons of Syria's chemical agents to the US special purpose vessel 'MV Cape Ray' will take place in the port of Gioia Tauro, reports Xinhua, citing a hearing before the Italian parliamentary commissions of foreign affairs and defence. The Syrian chemical arsenal aboard the Danish cargo vessel will be directly transfered to the U.S. ship MV Cape Ray through 60 containers and special equipment, and citing Minister of Infrastructure and Transport Maurizio Lupi
The 'MV Cape Ray' has arrived at Rota, Spain, for a port visit while en route to aid in removal of Syrian chemical materials, Pentagon spokesman Army Col. Steve Warren informs the American Forces Press Service. The vessel -- part of the Transportation Department Maritime Administration's Ready Reserve Force program -- left Portsmouth, Va., Jan. 27, 2014. Hundreds of government and contract personnel worked for several months to prepare the vessel to neutralize Syrian chemical materials and
Ireland-based specialist tanker company takes over two newbuild contracts and charters in two tankers from Hellespont Group Ardmore Shipping Ltd, the specialist tanker company, today announced that it has taken over the contracts for two newbuild vessels from Hellespont Group and, in a separate deal, has agreed to charter in two vessels from Hellespont. Ardmore, based in Cork, Ireland, has agreed to take over the newbuild contracts on two 17
According to a report on www.rttnews.com, Dongfang Shipbuilding Company Limited intends to seek admission of its shares to trading on the AIM market of the London Stock Exchange. Dealings are expected to commence on AIM on 18 August 2011. Dongfang diversified into shipping, owning and operating six 9,000 dwt chemical tankers and one 9,200 dwt chemical tanker, out of Singapore and Hong Kong. The Group currently has about 530 full time employees across the two businesses.
ClassNK announced that it has approved the first application of duplex stainless steel (NSSC 2120) on vessels in Japan. Tankers built by the Japanese shipyards Sasaki Shipbuilding Co., Ltd and Hakata Shipbuilding Co., Ltd were applied with the duplex stainless steel, which was manufactured by Nippon Steel & Sumikin Stainless Steel Corporation. The two domestic vessels, a chemical tanker and an oil tanker, were launched on January 17, 2013.
Ardmore Shipping Corporation says it has taken delivery of the newbuilding product & chemical tanker 'Ardmore Seavantage' and also of the 2006-built 'Ardmore Seamariner' as it continues its fleet expansion programme. Cork, Ireland-based Ardmore informs it has taken delivery of the Ardmore Seavantage, a 49,999 Dwt IMO 3 Eco-design MR product and chemical tanker built at SPP Shipbuilding Co., Ltd. in South Korea
Qatar Navigation (Milaha) is in talks with United Arab Chemical Carriers Ltd. (UACC) in the United Arab Emirates (UAE) regarding a possible combination of their respective product and chemical tanker businesses. Currently Milaha operates two chemical tankers and UACC has
Nation's Tugboat, Towboat and Barge Industry to Call on Congress: Urge Support for Vessel Discharge Reforms, American Jobs and Waterways Reliability The American Waterways Operators (AWO), the national trade association representing the tugboat, towboat and barge industry
Vopak workers are planning strike action at all 11 of the company's oil, gas and chemical terminals in the Netherlands on April 22, union officials said on Wednesday. Union official Albert van Damme said the strike action would effectively halt operations at the terminals during the
Deltamarin reported that its B.Delta family has scored further success as the Vulica Shipping Co. Ltd ordered the first ever B.Delta68 SUL (Self-Unloading) vessels. The order for the two bulk carriers was placed with the Chinese Jiangsu Hantong Ship Heavy Industry Co. Ltd.
Sino-Global Shipping America, which was recently listed on Nasdaq, is becoming a shipowner. The shipping agency, logistics and ship management services company today announced that it has signed a Letter of Intent to acquire a small oil/chemical tanker from Rong Yao International
RIBCRAFT, manufacturer of professional grade rigid inflatable boats (RIBs) for safety professionals, law enforcement, and military agencies, announced the delivery of a specialized RIBCRAFT 7.8 to the City of Decatur, Alabama for patrol and enforcement operations.
Headhunter’s team of engineers, fabricators, and wastewater specialists work together to provide innovative and efficient sewage treatment solutions. Offering systems in three categories; STP, Physical Chemical MSD, Biological MSDs, all can be customized to fit customers’ needs
The EU is set to ban owners from scrapping ships on South Asian beaches, according to news report in Reuters. The new rules will require that EU-registered ships are only recycled at sustainable facilities, lowering the environmental and human cost of the current process of
Norway’s Ocean Yield has bought eight chemical tanker newbuildings for $306.8m from Navig8 Chemical Tankers Inc, which will lease the vessels back on 15-year "hell and high" bareboat charters. Navig8 Chemical Tankers has options to buy the vessels during the
Integrated subsea services provider DOF Subsea will stage the European launch of a new addition to its suite of services next week. During the Ocean Business event at the National Oceanography Centre in Southampton, U.K. from April 14-16, the company will showcase its newest service
IRClass, a leading Classification Society and member of IACS, has recently completed the survey and certification of ‘Greatship Ramya’, during its conversion from an Offshore Supply Vessel (OSV) to a Well Stimulation Vessel for Schlumberger under its Single Class
Concordia Maritime takes delivery of the next generation of chemical and product tankers Concordia Maritime’s first chemical and product tanker based on the IMOIIMAX concept, the Stena Image, was delivered from the Chinese shipyard GSI (Guangzhou Shipbuilding International) in
Classification society ClassNK has released its 2015 Rules and Guidance for the Survey and Construction of Steel Ships. The 2015 edition’s amendments, made between March 1, 2014 and December 31, 2014, reflect the latest R&D findings, feedback from damage investigations
The mayor of Santos suspended on Friday operations at a fuel storage warehouse in Brazil after a week-long fire at the facility operated by Ultracargo slowed exports from the country's largest port. "With this measure, all the company's activities in the city are suspended until all legal
Access to Brazil's largest port, Santos, was fully restored for cargo and passenger vehicles on Monday after one entrance had been partially blocked for a week due to a fire at a nearby fuel-tank facility, highway operator Ecovias said.