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Chemical Products News

04 Mar 2024

Odfjell Completes Terminal Expansion in Houston

(Photo: Odfjell Terminals US)

Odfjell Terminals US (OTUS) reports it has completed the construction and commissioning of its Bay 13 at the Houston Terminal (OTH), adding nine new tanks, with a combined capacity of 204,000 barrels. The new tanks are a combination of stainless steel and carbon steel, and each tank has been engineered with positive pressure systems and full automation, Odfjell said. The newly commissioned bay is specifically designed for the storage needs of specialty chemical products, the company added."As we continue to invest in our assets…

19 Feb 2024

NYK and Stolt Tankers to Build Six Multi-Purpose Chemical Tankers

© EdVal / Adobe Stock

NYK Stolt Tankers, a joint venture between NYK and Dutch company Stolt Tankers, has signed a contract with Nantong Xiangyu Shipyard in China to build six parcel chemical tankers.The contract will strengthen NYK’s chemical tanker business, for which demand is expected to grow steadily, and deepen the partnership with Stolt Tankers, a leading player in the industry, the company said.Parel tankers are multi-purpose chemical tankers can carry various cargo, including chemical products…

01 Feb 2024

NYK and Stolt Tankers Commemorate 30th Anniversary

From left, Yuji Nishijima, Executive Officer, NYK; Bjarke Nissen, Managing Director, Stolt Tankers; Masahito Hirano, Director, ENEOS Ocean Corporation (Source: NYK)

On January 17, the NYK Group and Stolt Tankers held a ceremony in Singapore to commemorate the 30th anniversary of the start of the companies’ parcel chemical tanker joint venture in Asia and the Pacific.A parcel tanker is a multipurpose chemical tanker capable of carrying many types of cargo, including chemical products, kinetic vegetable oil, etc.The ceremony was attended by Yuji Nishijima, executive officer of NYK; Bjarke Nissen, managing director of Stolt Tankers; and Masahito Hirano…

17 Nov 2023

NYK Group, Stolt Tankers, and ENEOS Ocean Unveil Chemical Ship Pool Business

Credit: Stolt Tankers (File image)

The NYK Group, Stolt Tankers, and ENEOS Ocean launched a chemical ship pool business in the Asia-Pacific region in October.Shipowners and operators pool their vessels and undertake transportation services at the request of shippers. The pool business allows more flexible transportation services that utilize economies of scale, NYK said.The project started with 13 vessels, comprising two chemical tankers owned by ENEOS Ocean and 11 chemical tankers owned by a joint venture between…

09 Nov 2023

Australian Government Supportive of Strategic Fleet Development Proposals

© Philip Schubert / Adobe Stock

The Australian Government has released the report of the Independent Taskforce on the Strategic Fleet, along with its official response to the report, confirming a commitment to delivering a Strategic Fleet of up to 12 vessels that will help Australia build resilience to freight disruptions while supporting our maritime workforce and sovereign capability.Australia’s maritime sector has long been neglected with a shortage of Australian flagged ships and a skilled workforce, says Federal Minister for Infrastructure…

09 Mar 2023

Navigator Line Buys Chemical Tanker from Lomar

Apollo (Photo: Lomar Shipping)

Libra's global ship owning and management unit Lomar Shipping last week delivered the chemical tanker Apollo to new owner Navigator Line Ship Management and Operation, in Sharjah, UAE.Built in 2003, the 24,000 DWT vessel was sold for close to $10 million as part of Lomar's ongoing fleet renewal program, the company said.The vessel was the oldest of six chemical tankers, including four 38,000-dwt chemical/products tankers, that joined the Lomar fleet following the October 2022 acquisition of Germany’s Bremen-based tanker specialist Carl Büttner Group…

28 Sep 2022

Savage Appoints Roberts as COO, Coler as CFO

(Photos: Savage)

Savage, a global provider of industry infrastructure and supply chain services, announced the appointments of Jeff Roberts as Executive Vice President and Chief Operating Officer (COO) and Tom Coler as Executive Vice President and Chief Financial Officer (CFO). Both appointments will be effective Oct. 1, 2022.“We’re excited to have Jeff Roberts step into a new role as COO, where his leadership abilities, enthusiasm, and commitment to our culture and strategy will help drive ongoing growth and operational excellence across the company…

18 May 2022

Valenciaport Notes that War, Inflation, Shortages Hamper Spanish Export Activity

Photo courtesy Valenciaport

Between January and April, the number of containers full of cargo (export) fell by 12.72% and those unloaded (import) increased by 6.96%The geopolitical situation, the war in Ukraine, the increase in the cost of energy and the shortage of raw materials are weighing down export activity. Foreign trade in all sectors such as vehicles (-7.68%), agri-foodstuffs (-15.79%), construction materials (-10.55%) and chemical products (-18.14%) fellOn the other hand, domestic demand is growing in most of the sectors that enter through the Valencian docks.

29 Dec 2021

Odfjell Builds New Tank Bay at Odfjell Terminal Houston

Photo courtesy Odfjell

Odfjell is constructing a new tank bay at Odfjell Terminal Houston (OTH), continuing to expand and invest in its terminals platform to support ongoing regional growth in the chemical industry.The company is investing in and expanding its terminals platform with the addition of a new, modern, automated tank bay. Bay 13 at Odfjell Terminals Houston (OTH) will increase capacity by approximately 9% to 413,400 cubic meters (cbm). The expansion project is consistent with OTH's strategy…

02 Feb 2021

Southern Towing Company Acquires Devall Towing

MV Laura Tamble. Photo: Southern Towing Company

Memphis, Tenn.-based Southern Towing Company (STC) said Tuesday it has acquired family-owned Devall Towing, in a deal that expands STC’s towing operations into specialty chemical products.Headquartered in Sulphur, La., Devall is a towboat and barge operator for specialty chemicals along the Gulf Intracoastal Waterway and Lower Mississippi River, operating 36 towboats and 125 liquid tank barges.The combination of Devall’s operations with STC’s upriver capabilities allows Devall and STC to provide integrated marine transportation solutions across the Gulf Intracoastal and U.S.

21 Jan 2021

Stolt Tankers Develops Unique Shallow-draft Tanker for BASF

(Image: Technolog)

Stolt Tankers said it has been commissioned by chemicals company BASF to help design and build a unique new tanker capable of operating when extremely low water levels hamper river shipping on the Rhine.The Rhine, which starts in Switzerland and flows through Germany and the Netherlands before emptying into the North Sea, is a key waterway for transportation in Europe. During dry weather, barges are often unable to fully load, increasing transport costs and delaying products.Stolt…

19 Jan 2021

RSC Bio Solutions Grows Its Team and Distribution

RSC Bio Solutions announced team expansions in several key geographic areas, as well as expanded distribution coverage. Hideki Tominga and Alhareth Shahen are joining as business development managers, Thomas TO is joining as a Technical Business Consultant, and Miranda Lo and Cherl Minot are coming on board in customer support functions. David Simpson has been promoted to lead global business development activities for the marine and offshore division.“We are proud to be playing a leadership role in developing innovative solutions to address the accelerating challenges heavy equipment and maritime operators face today,” said Mike Guggenheimer, President and CEO of RSC Bio Solutions.

06 Nov 2020

Concordia Damen Bags Order for 40 Dual-fuel Tank Barges

(Image: Damen)

Dutch shipbuilder Concordia Damen said Friday it has signed a contract for 40 eco-friendly dual-fuel barges with institutional investors advised by J.P. Morgan Asset Management. The barges will be chartered by Shell and operated by the VT Group/Marlow. Frachtcontor Capital Partners was the broker for the deal.The 110- by 11.5-meters vessels will have liquefied natural gas (LNG) propulsion and extreme shallow draft capabilities – 2,800 ton on 3.25 meter draft – to maximize cargo carrying capacity on Dutch…

11 May 2020

Sinopec's Largest Petrochemical Port Starts Operations with VLCC Arrival

New Renown, Crude Oil Tanker (VLCC) from Middle East, Docked at 300,000-ton Crude Oil Terminal of Sinopec Zhongke Refinery Port.

China's energy and chemical giant Sinopec has said it has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, a very large crude carrier (VLCC) from the Middle East. The tanker was welcomed at the new 300,000-ton crude oil terminal of Sinopec Zhongke Refinery Port, which forms part of the company's "front terminal, rear plant" production model.Located 1,100 meters from Sinopec's refinery, the petrochemical port features eight terminals including a 300…

04 Mar 2020

Seabulk Enrolls in Carbon Offset Program

(File photo: Robert Allan Ltd.)

Seabulk Towing Holdings Inc., a subsidiary of SEACOR Holdings Inc., announced it is participating in a U.S.-based carbon offset project to neutralize carbon emissions from the physical operation of its harbor tugs in 2020.Daniel Thorogood, chief executive officer of Seabulk, said the company’s investment in an accredited carbon offset program is an initial step toward longer-term solutions that improve or eliminate direct emissions from its equipment. Seabulk, through its affiliates…

16 Feb 2020

BPER Banca Finances Marittima Emiliana

BPER Banca SpA has completed a naval financing for ME Marittima Emiliana SpA to a second-hand tanker built by the Chinese shipyard in Guangzhou in 2012.The tanker, originally flying under a Bahamian flag, has been renamed “Lady Rina” and is currently flying under an Italian flag. M.E. Marittima Emiliana, part of the Amoretti Armatori Group, provides transportation service of petroleum and chemical products.Watson Farley & Williams and the Mordiglia law firm of Genoa represented BPER Banca and the company respectively in the transaction.The new unit will join Amoretti’s fleet currently comprising 11 tankers all flying under an Italian flag…

19 Dec 2019

China 'in touch' with U.S. on Phase 1 Trade Deal

AdobeStock / © rawf8

China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods.The Phase 1 deal was announced last week after more than two years of on-and-off trade talks, although neither side has released many specific details of the agreement.Both the Chinese and U.S. trade teams are in close communication, Gao Feng…

10 Oct 2019

South Africa to Have First Chemical Tanker Ship

Nduna Maritime, a subsidiary of the Mnambithi Group, and the integrated chemicals and energy company Sasol have invested in South Africa's first locally-owned chemical tanker with a funding agreement made through the Sasol Siyakha Trust.The Bow Cecil is claimed to be the first South Africa flagged vessel to transport chemicals to international markets. "We are particularly proud of this landmark agreement, as it is a significant investment into localizing and diversifying our supply chain. As a global producer of a number of chemical products, we supply numerous markets around the world with products made in South Africa. Through Nduna Maritime…

24 Jul 2019

Marseille Fos Accelerates Air Emissions Cuts

File image / AdobeStock / © dbvirago

Among a string of new eco-friendly initiatives, the Marseille Fos port authority is to spend $22 million over the next six years to extend shoreside electrical connections for berthed vessels to every ferry, cruiseship and repair quay within the Marseille eastern harbor.Already available on the Corsica ferry quays, the network will be expanded in two phases to cover North Africa ferry quays and the shiprepair hub by 2022 and the cruise terminal between 2022 and 2025. The zero…

08 Apr 2019

Tsuneishi Delivers First LRI Tanker

Tsuneishi Shipbuilding Co, ship repair and manufacturing company in Japan, has delivered its first long-range-one (LRI) (77,000 DWT) Product/Chemical Tanker."This first ship was constructed at Tsuineishi Group (Zhoushan) Shipbuilding, Inc., the Group’s shipbuilding site in China," said a press statement.The new LRI Product/Chemical Tanker was built to address the rising global demand for petroleum and chemical products.It fulfills the requirements of MR Product/Chemical Tankers that are used mainly to transport such products, but features a significantly increased load capacity.The key feature of this LRI Product/Chemical Tanker is that…

22 May 2019

Bunker Fuel Mkt to Reach $273bln by 2025

The global bunker fuel market, which was valued at $137.21 billion in 2017, is expected to reach $273.05 billion by 2025, growing at a CAGR of 9.4% during the forecast period, 2018-2025.Increased offshore hydrocarbon exploration activities in offshore destinations and growth in marine trade due to rise in import-export activities contribute to the overall growth of the global bunker fuel market, said a report published by Allied Market Research.However, stringent government regulations regarding the use of bunker fuel such as residual fuel oil (RFO) containing pollutants such as sulfur and nitrogen that are capable enough to disturb the marine life cycle restrain the market growth.Conversely…

26 Feb 2019

Spotlight on Petroleum Barge Power

Vane Brothers Company is committed to the safe handling and delivery of petroleum and chemical products. John Deere PowerTech marine engines will always be there, when they do.Vane Brothers Company’s white tugboats, distinguished by their large blue “V,” are a familiar sight while pushing barges on the Baltimore waterfront. Founded in 1898 as a quaint ships’ chandlery, Vane Brothers has become a large American marine services firm and a major transporter of oil, asphalt, and other liquid products along the Eastern Seaboard.The company teams 45 robust…

27 Nov 2018

Azerbaijan Shipping to Fight Environmental Pollution

Azerbaijan Caspian Shipping Company (ASCO) said that environmental protection ihas been one of its main criteria of sustainable development.The Azerbaijani shipping company said in a press release that it keeps in the center of constant attention the minimization of environmental impacts of sludges, waste oil, fuel, other liquid and solid wastes obtained during the operation of vessels and the functioning of onshore facilities, on water basins, ground and air.Preventive measures within the framework of existing opportunities are taken against the damage of the environment in the course of operations.According to the data of January-September of this year…