Chemoil Consolidates U.S. Ops

Wednesday, March 20, 2002
Chemoil Corporation has announced the planned consolidation of its US offices. Chemoil's Houston office, which opened in 1986, will be closed in July of 2002. This office has been responsible for Chemoil's trading and operational activities in the US East Coast and US Gulf Coast. These responsibilities will be centralized to the San Francisco office. In 1998, Chemoil made a partial consolidation moving its marketing activities to San Francisco. This process of re-engineering reflects Chemoil's greater need for centralized coordination as the company expands its cargo trading operations. Chemoil's business has changed considerably during the last 5 years. In 1997, 70% of Chemoil's turnover came from selling bunkers with 30% from cargo trading activity. Today the Chemoil Group has a turnover in of $3.5 Billion, and while bunker sales have grown, they now make up just 25% of the Group sales. Chemoil is taking great efforts to ensure this transition goes smoothly. The company anticipates no significant impact to its day to day bunker and trading activities.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Fuels & Lubes

University of California Not to Divest from Fossil Fuels

The University of California voted on Friday to maintain its investments in fossil fuels, frustrating a student-led effort to divest its portfolio in oil, natural gas and coal.

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

Russia: Exxon Still Drilling in its Arctic

ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0758 sec (13 req/sec)