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 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.
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
The Department of Homeland Security (DHS) issued an advance notice of proposed rulemaking seeking comment on draft regulations that would establish chemical facility anti-terrorism standards and on several practical and policy issues integral to the development of a chemical facility security program. Comments on the proposal should be submitted by February 7, 2007. Various facilities, including those currently regulated by the US Coast Guard under the Maritime Transportation Security Act
Lintec Testing Services has warned that ongoing fuel contamination with chemical waste poses a potential risk to the health of ships' crews and the operation of vessels. The chemical in question, styrene monomer is a chemical commodity. It is frequently present in trace amounts in fuel due to problems encountered at refineries and chemical plants. However, a recent fuel stem in Rotterdam contained styrene contamination at a concentration of 4,000 ppm, many times the level at which
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
EU antitrust regulators will clear a PVC joint venture between Solvay and Swiss-based INEOS after the Belgian chemicals group agreed to sell five sites across Europe to ease competition concerns, two persons familiar with the matter said on Monday.
The Maritime Administration of the United Arab Emirates has introduced services for the attestation of seaman contract and issuance of oil/chemical/gas tanker endorsement. ATTESTATION OF SEAMAN CONTRACT: This service is applicable for Crew working on UAE Flagged vessels that are engaged in
State-owned Oman Shipping Company SAOC (OSC) is projecting to expand its current fleet of 43 ships to 50 by 2018, the Oman Daily Observer reported. According to the report, the expansion is in line with a ramp-up in hydrocarbon, petrochemical and industrial investment throughout Oman.
The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type, less crude oil (-2%), mineral oil products (-14%) and other liquid bulk cargo (-14%) were transferred
Propulsion and Auxiliary Machinery: A Matter of Concern on Older Ships Preliminary results from the Concentrated Inspection Campaign (CIC) on Propulsion and Auxiliary Machinery, carried out between September 1 and November 30, 2013 in the Paris MoU region show that:
Principal Maritime Management LLC of Southport, Connecticut, a shipping company owned by affiliates of Apollo Global Management LLC, has formed a new platform in the stainless steel chemical shipping sector. Additionally, Princimar Chemical Carriers has acquired its initial three stainless steel
Principal Maritime Management LLC (PMM) of Southport, Connecticut, a shipping company owned by affiliates of Apollo Global Management LLC, informs of its new business in the stainless steel chemical shipping sector, through Princimar tankship acquisitions.
The Hamburg Port Authority (HPA) said its dedication to pursuing the highest standards of safety, quality and environmental protection led them to joining the Green Award scheme as an incentive provider for seagoing ships. From 2014, oil, product and chemical tankers, LNG and
Wärtsilä has signed three contracts with Aker Midsund of Norway to deliver its Vessel Internal Electrostatic Coalescer (VIEC) systems for three North Sea oilfields. The system enhances the speed and efficiency of the separation process of oil and water onboard in an environmentally safe
Omega’s new RTDM12 series of compact RTD temperature sensors are extremely rugged with a molded (IP67) 4-pin connector with M12 male thread and a fast response time. This RTD plug is suited for pressure vessel applications, pressurized containers and applications requiring a temperature
Oil and chemical tankers in the Hamburg-based fleet will be fitted with KVH TracPhone V7-IP satellite communications systems To meet growing bandwidth usage and Internet demand onboard its tanker fleet, RHL Hamburger Lloyd Tanker GmbH & Co
Aegis Group, a Leader in Oil, Gas and Chemical Logistics, announced successful early commissioning of the 70,120 KL Bulk Liquid Terminal at Pipavav port on West coast of India. The Pipavav - Phase I expansion was initiated in February 2013 to set up Bulk Liquid Terminal of 1
Experts on board a cargo ship transformed into a multimillion dollar chemical weapons destroyer said on Thursday they were ready to start working on Syria's stock of toxic arms in the middle of the Mediterranean as early as May. Now they just have to hope the weather holds and Damascus delivers
Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to "market conditions," an underwriter told Reuters. The company filed with U.S. regulators in February to raise up to $100 million in an IPO of its common stock.
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today the acquisition of a 2003-built VLCC of 298,287 dwt. The VLCC was purchased for $43.5 million. The vessel is expected to be delivered in Q2 2014.