Chemical Manufacturers News

Mitsui O.S.K. Lines (MOL) has acquired 100% of the membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief (LBC), one of the world’s largest independent tank terminal operators primarily handling and storing chemicals in Europe and the United States.With the acquisition, MOL aims to strengthen its chemical logistics business.The sale and purchase agreement was signed on March 7, 2025, with the acquisition price expected to be approximately $1.7 billion.The…

The Globally Harmonized System of Classification and Labeling of Chemicals (GHS) deadlines that went into effect on June 1 and December 1, 2015, respectively, have had a significant impact on U.S. chemical manufacturers and distributors. By now, all chemicals being shipped by manufacturers and distributors should meet the Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS) GHS requirements, as well as the packaging, marking and labeling requirements for hazardous materials transported in commerce (e.g., 49 CFR Parts 171-180, IATA, IMO, etc.). The transport regulations help protect against accidents while hazardous materials are in transit – short-term…

For domestic and international shippers, now is the time to satisfy GHS freight label compliance. The “Globally Harmonized System” (GHS) was established by the United Nations to create a unified system for identifying and communicating hazardous chemicals. In the U.S., OSHA set a June 2015 deadline for chemical manufacturers to use GHS compliant labels, followed by a December 2015 deadline for distributors, and June 2016 deadline for end users. Despite the harsh environments, extreme temperatures and rugged handling that freight is subjected to when shipped by land…