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 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)
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.
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
The United States Coast Guard has published a free resource CD-ROM that brings comprehensive chemical information to the fingertips of fire and safety service personnel responding to a hazardous materials incident. Users can search the database by a substance's color, odor, and physical appearance and use the data to plan for a safe and effective response. Chemicals are rated according to health risk, flammability, and reactivity, among other factors, using data from several sources.
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
Wilhelmsen Ships Service (WSS) has announced completion of the first phase of integration of the Nalfleet marine chemicals business. Nalfleet marine chemicals production has now been transferred from Nalco UK to the Wilhelmsen Chemicals manufacturing plant in Tonsberg, Norway and Nalfleet Customer Services and logistics operations have been integrated into the WSS network. As a result, Nalfleet customers can now take advantage of Wilhelmsen Ships Service’s extensive customer
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
I-Tech informed that Selektope, a marine biocide used to improve ship hull performance and reduce maintenance, has been approved for use in China. Selektope has been approved for use as an antifouling biocide by the Ministry of Environmental Protection of the People’s Republic of China
Capital Product Partners L.P. (CPP) an international diversified shipping company, says it has secured time charter employment for the M/T ‘Avax’, M/T ‘Agisilaos’ and M/T ‘Alkiviadis’. M/T ‘Alkiviadis’ (36,760 dwt
Maritime (MARAD) Administrator Paul N. Jaenichen will host a ceremony on Friday, September 19, 2014 in Portsmouth, Va. to honor the civilian crew who helped to destroy Syria’s chemical weapons at sea aboard the MV Cape Ray. The MV Cape Ray, crewed by all-volunteer U.S
Ingram Barge Company announced that it will build 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions, this continued expansion in their barge fleet coincides with a 10-year plan that began in
Asia's largest refiner - China Petroleum & Chemical Corporation announced Friday night, according to international accounting standards, the first half net profit of 32.543 billion yuan, an increase of 7.5%. Semi-annual report and display
Hyde Marine, Inc., a ballast water treatment technology company, will showcase its Hyde GUARDIAN Gold HG250G Ballast Water Treatment System (BWTS) at the upcoming Shipbuilding, Machinery, & Marine Technology (SMM) International Trade Fair, September 9-12, 2014, in Hamburg, Germany.
KKR and Borealis Maritime today announced the acquisition of a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels were previously owned by a number of German KG funds and were originally financed by Commerzbank
Ballast water treatment (BWT) specialist Optimarin has announced that it has received full EX approval for a modified version of its market proven Optimarin Ballast System (OBS). The approval means the Norwegian firm can now target the chemical tanker segment
The U.S. Coast Guard temporarily closed the Mississippi River from mile marker 205 to 215 near Plaquemine Point due to an unknown white haze, Friday morning Watchstanders at Coast Guard Marine Safety Unit Baton Rouge received notifications about the haze at 9 a.m.
On September 4th, Anglo-Eastern celebrate it’s 40th Anniversary, in Hong Kong, concluding with an evening of fun, at the Hong Kong Maritime Museum. Among a host of VIPs, both local and international, Mr. & Mrs. Evert Maréchal, The Consul General of Belgium
Vessel sales for June 2014 (as of September 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported – Vessel Name – DWT – Built (Age) – Price in Millions USD Bulk Carriers 8/18/14 - LINGUE - 26,973 - 90(24) - $4
55 Waugh Dr, #1000 Houston, TX 77007 Tel: (713) 435-1000 Email: firstname.lastname@example.org Website: www.kirbycorp.com President: William G. Ivey The Company: Kirby Corporation is a premier tank barge operator in the United States
Wärtsilä says it has launched its new SK 5054 MkII chemical and oil products tanker design at the current SMM conference and exhibition in Hamburg, Germany. The proven Wärtsilä SK 5054 ship design has been used for more than 60 vessels already built and in operation
124 Dry Dock Road Bourg, Louisiana 70343 E-mail: email@example.com Website: lebeouftowing.com CEO: Richard “Dickie” Gonsoulin President: Jon Gonsoulin Number of Employees: 250 The Company: LeBeouf Bros. Towing, LLC is one of the oldest marine towing companies operating
One PPG Place Pittsburgh, PA 15272 Tel: (412) 492-5200 Email: Marielle.VANDERLINDEN@ppg.com Website: firstname.lastname@example.org Executive Vice President: Viktor R. Sekmakas Vice President: Timothy M. Knavish The Company: PPG Industries, Inc