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
Cargo worked at the Port of New Orleans’ public docks in 2014 totaled 8.37 million tons, the highest total since 2000 and up 28 percent compared to the prior 12-month period, the port reported. Imported steel and container cargo led the growth, as imported iron and steel rose 101
One of the world’s leading seafaring nations, Denmark has maritime roots stretching back more than 1,000 years. While its history is strong, the Danish market has its collective eyes squarely on the future. In its quest for continued relevance
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.
The Panama Canal Authority (ACP) is holding a public hearing today on a proposed toll structure change. The proposed restructuring, which the ACP Board of Directors approved on December 24, calls for each ship segment to be priced based upon different units of measurement
A chemical fire at a Vancouver container terminal led to a partial evacuation of Canada’s largest port for several hours Wednesday afternoon, as a cloud of white smoke drifting over the city prompted health warnings and road closures, says Canadian Press.
Shipowner Navig8 is progressing application of Interline9001, an advanced cargo tank coating from AkzoNobel’s International marine coating product range, on a series of 18 chemical tankers currently under construction at Hyundai Mipo Dockyard, South Korea.
Wastewater treatment systems specialist ACO Marine has launched a new water recovery system that gives vessel owners greater capacity to reuse the treated effluent from wastewater treatment plants. The ACO Water Maker WM3 converts treated wastewater into pure distilled technical water for
Two ships have collided in the Houston Ship Channel, according to Houston Marine Safety officials. A portion of the busy Houston Ship Channel was shut Monday after the collision of two 600-foot ships in fog, causing a leak of flammable liquid.
The first B.Delta43 vessel, M/V Venture Goal, was delivered to the Hamburg Bulk Carriers GmbH (HBC) in January 2015. The Deltamarin design has also attracted yet another customer, as Phoenix Shipping & Trading ordered four B.Delta43 handysize bulk carriers at Qingshan Shipyard.
Karin Orsel, a prominent leader in the shipping industry and President and CEO of MF Shipping Group, will be the keynote speaker at WISTA USA’s tenth annual luncheon, kicking off the Connecticut Maritime Association’s Shipping 2015 conference.
Senesco Marine Shipyard on the U.S. northeast coast has invested in a more productive and efficient welding system, concluding a deal with Pemamek to deliver a PEMA Welding Portal for the welding of double bottoms and subassemblies.
The Houston Ship Channel has been fully reopened today following Monday’s ship collision and subsequent salvage operations. The Houston Ship Channel was reopened Thursday morning after responders completed initial salvage plans on damaged chemical tanker Carla Maersk and moved the
Barge Master has delivered its first Barge Master T40 (BM-T40) motion compensated knuckle boom crane, the company announced. The BM-T40, installed on Wagenborg’s ‘Walk to Work’ vessel the Kroonborg, compensates for sea induced vessel motions in roll
The Port of Rotterdam and the independent storage company LBC Tank Terminals have reached a long term agreement for the construction of a new jetty at the LBC terminal in Botlek, Rotterdam. ‘This new jetty is the first and a very important step in the expansion of our terminal in