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
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 '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
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
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
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
Odfjell buys long-term chartered vessel 'MT Bow Engineer', a 30,086 dwt chemical tanker. Odfjell, a leading company in the global market for transportation and storage of bulk liquid chemicals, acids, edible oils and other special products, has entered into a contract for the purchase of the MT Bow Engineer, a 30,086 DWT chemical tanker (IMO II/III) with 28 stainless steel cargo tanks, built in 2006 at Kitanihon Shipbuilding CO LTD in Japan.
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.
Company to Share Seamless Integration of Ballast Water Treatment System (BWTS); Experience in Retrofits for Small Footprint Installations at Nor-Shipping Maritime Environmental & Efficiency Management Seminar Hyde Marine, Inc., announced it will attend Nor-Shipping 2015, June 2-5
New AED 20 million facility will pack and transport dry bulk products for petrochemical and mineral manufacturers Abu Dhabi Ports celebrated the groundbreaking of Schmidt ME Logistics’ new facility in Khalifa Port’s industrial, trade and logistics zone, Kizad
Crowley Maritime Corporation’s petroleum services division has once again been honored by Marathon Petroleum Company (MPC) with its annual Elite Vessel Award, which is given to tank vessel operators who demonstrate commitment to safety, environmental stewardship and operational excellence.
United Nations' International Maritime Organization (IMO) has adopted the environmental part of the Polar Code. Hereby, internationally binding regulations on navigation in polar waters become effective from 1 January 2017. The IMO has taken the very last step towards making the
AXSMarine has launched an upgrade to AXSTanker – commonly known as AXSTanker4.0, a software solution for competitive shipbrokers in the Crude, Clean, Gas, Chemical and Product tanker space. Within the AXSTanker community, brokers have the option to share vessel position updates with other
India is all set to launch the last of the four anti-submarine warfare (ASW) class stealth corvettes INS Kavaratti, reports Press Trust of India. Kavaratti, which is 90 percent indigenous, is the last of four ASW class stealth corvettes being built for the Indian Navy under Project
The United Nations shipping agency on Friday adopted stricter safety and environmental provisions for vessels operating in Arctic and Antarctic waters after years of negotiations. As ice melts, shipping traffic through the regions is set to increase.
Royal Wagenborg, the Dutch ship owner and operator, has ordered Wärtsilä scrubber systems to clean the exhaust emissions from two of its RoRo carriers, the 'Balticborg' and 'Bothniaborg'. These will be Wärtsilä's first deliveries of its scrubber systems to Royal
Having delivered its third 61 ft. patrol/rescue boat for the New York City Police Department (NYPD) last year, Gladding-Hearn Shipbuilding, Duclos Corporation, announced it has delivered the first of two 70 ft. Tactical Response vessels for the department’s Harbor Patrol Unit.
Shipowner Navig8 is progressing the application of Interline9001, a advanced cargo tank coating from AkzoNobel’s International marine product range, on a series of 18 chemical tankers currently under construction at Hyundai Mipo Dockyard, South Korea
Tiny pieces of plastic or fibers, known as Micro-plastics, may act as a pathway for persistent, bio accumulating and toxic substances entering the food chain, and are increasingly being found in the oceans and may prove to be as harmful to marine life as more obvious, larger debris
The Cyprus-flagged cargo ship M/V Marathassa — which has been blamed for spilling several thousand litres of bunker fuel into English Bay — has been released by the Canadian Coast Guard. The vessel headed to a berth in Vancouver Harbour to be loaded with grain
Rotork announced it has acquired Masso Ind s.p.a., a manufacturer of shipboard valve remote control systems (VRCS), to enhance its range of flow control products and services for the worldwide marine and offshore industries. Masso VRCS solutions include hydraulic and electro-hydraulic
The 398-meter-long containership CMA CGM Kerguelen made its first call at the Port Klang Port Terminal in Malaysia, arriving to a very unique arrangement, the CMA CGM Group announced. No less than 12 cranes were used simultaneously to match the vessel's exceptional length and capacity (17
Drydocks World and Maritine World, international service provider to the shipping, offshore, oil, gas and energy sectors, have been recognized at the ADNOC HSE awards for bringing safety and environment benefits to the industry in partnership with the National Drilling Company (NDC).