Chemical News

13 Feb 2019

MOL, Den Hartogh Form Chemical Logistics Alliance

Pic: MOL Chemical Tankers

Singapore-based MOL Chemical Tankers (MOLCT) and Dutch Den Hartogh Logistics have established a strategic alliance to jointly develop and streamline liquid chemical logistics services utilizing tank containers, parcel chemical tankers and tank terminals.MOL Chemical Tankers is one of the global leaders in ocean transport, specializing in chemical parcel tankers for bulk liquid chemicals and vegetable oil and animal fats.As strategic partners MOLCT and Den Hartogh Logistics offer their customers in the petrochemical industry truly global supply chain solutions…

12 Feb 2019

Eni, SABIC Form Gas Venture

Image: Eni

Italian multinational oil and gas company Eni and Saudi Arabian chemical giant SABIC have signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be further transformed into high value fuels and chemicals, such as methanol.The partnership is set to involve the construction of an Industrial Demonstration Plant that will be built and operated inside an Eni industrial premise.The development project will advance the technology…

07 Feb 2019

Ardmore Refinances Seven Ships

Pic: Ardmore Shipping

Bermuda-based owner of product and chemical tankers Ardmore Shipping has refinanced seven vessels under finance lease arrangements during the fourth quarter of 2018.According to a stock exchange announcement, the company has options to repurchase the vessels at various stages prior to maturity and the other terms and conditions of the financings are generally in line with Ardmore's existing debt facilities.The Ardmore Dauntless and Ardmore Defender, two 2015-built 37,000 Dwt Eco-design IMO 2 product / chemical tankers…

05 Feb 2019

Global LPG Prices Decline: Dorian LPG

Pic: Dorian LPG

The biggest market change in the fourth calendar quarter of 2018, was the decline in crude oil prices, with Brent falling from a monthly average of nearly $82/barrel in October, finishing the year below $51 per barrel. As a result, global  liquefied petroleum gas (LPG)prices followed the downward trend.Dorian LPG, the Stamford-based owner and operator of 22 very-large gas carriers, said that without the additional LPG cargoes out of Marcus Hook from Mariner East 2, which started operations in January 2019, U.S.

04 Feb 2019

Container Market Grows at 8.6%

Pic: CXIC Group

The Global International Orginization for Standardization (ISO) Shipping Container Market is growing at a CAGR of 8.6% during 2017-2026, said a report.According to Stratistics MRC, growth of seaborne trade, growing demand for commodities and rising industrial expansion in China are the key driving factors for the market growth.However, factors such as the effect on the environment and fluctuating raw material prices are hindering the market growth, the market research report said.ISO container is any type of shipping container which is designed…

04 Feb 2019

New Pilot Boat Delivered to Brazos Pilots Association

Photo: Metal Shark

Louisiana-based shipbuilder Metal Shark has delivered a custom welded-aluminum pilot boat to the Brazos Pilots Association in Freeport, Texas.The new vessel, “Brazos Pilot,” is a 64’ x 19’ Defiant-class monohull pilot boat designed by Metal Shark and built at the company’s Franklin, Louisiana shipyard. This new pilot boat is intended to replace the pilots’ smaller, single-engine 40’ pilot boat, improving safety for crews while enhancing service to operators and providing around…

04 Feb 2019

Envirocleanse Recieves BWMS USCG Approval

The Marine Safety Center issued the 16th U.S. Coast Guard Ballast Water Management System Type Approval Certificate to Envirocleanse, LLC, after a detailed review of the manufacturer’s type approval application determined the system met the requirements of 46 CFR 162.060.The treatment principle of the inTank BWTS consists of in-tank electrolysis and/or in-tank chemical injection, with in-tank neutralization prior to discharge. This approval covers models with maximum treatment volumes up to 200,000 m3.(Source: Bryant's Maritime Blog)

23 Jan 2019

BIOFUELS: Clariant, ExxonMobil, REG Partners on Research

Photo: Clariant

Clariant  signed a joint research agreement with ExxonMobil and Renewable Energy Group (REG) to evaluate the potential use of cellulosic sugars from sources such as agricultural waste and residues to produce biofuel, which has the potential to play a role in reducing greenhouse gas emissions.The new partnership expands a previously announced agreement[1] for joint research between ExxonMobil and REG, in which the companies successfully validated the ability of REG Life Sciences…

22 Jan 2019

Shipbuilding: OSC Orders VLCC Pair

Michael Jorgensen  (Photo: OSC)

Oman Shipping Company (OSC) is expanding courtesy of an order for a pair of newbuild Very Large Crude Carriers (VLCC ) with Daewoo Shipbuilding & Marine Engineering (DSME).According to Michael Jorgensen, OSC's CFO and acting CEO,  said the VLCCs are expected to be deployed in the spot market, as the company plots further fleet expansion in the bulk and container market.Today OSC’s fleet includes 49 vessels including 16 VLCCs, 17 product tankers and 4 chemical carriers.The two latest additions will be constructed at DSME’s Okpo shipyard measuring 336m in length…

23 Jan 2019

Ballast Water Management: By the Numbers

Photo: ABS

With compliance deadlines on the horizon for many shipowners, the study revealed a critical need for owners to start their technology-selection process, and to resist buying BWM systems based on initial price alone.ABS has just completed its second comprehensive survey of the shipping industry’s progress towards global compliance with ballast-water regulations, finding just over a third of installed management systems (BWMS) to be fully operational.The survey’s findings, which were supported by a series of workshops in New Orleans…

18 Jan 2019

Ineos to Invest $3.4 bln in Antwerp Port

Image:  INEOS

Europe’s largest petrochemicals company Ineos has chosen the Port of Antwerp as the location for a mega-investment of three billion euros ($3.4 billion).The British chemical company's investment will be the biggest in the European chemical industry in two decades.Belgium port will be the location for iIneos' project for an ethane gas cracker and world-scale PDH unit in Europe. The two new factories will employ a total of 500 people.Sir Jim Ratcliffe, CEO and Chairman of Ineos…

08 Jan 2019

Japan's MOL Acquires Nordic Tankers

Pic: Nordic Tankers

Japanese shipping giant MOL's Chemical Tankers unit has agreed to take full control of Triton-owned Nordic Tankers. The deal expected to close in February 2019.Denmark-based Nordic Tankers said in a press release that its current sole shareholder Triton agreed to sell and deliver 100% of shares to MOL Chemical Tankers (MOLCT) and MOLCT buys and takes delivery of 100% of shares of NT from Triton, in each case together with all rights attached to them on and with effect from the…

07 Jan 2019

APM Terminals Inland Services Gets Clearance in India

Pic: APM Terminals Inland Services

APM Terminals Inland Services' integrated Inland Container Depot (ICD) and supply chain solutions facility at Chakan, Pune has achieved a significant first after being awarded an environmental clearance certificate by the Indian government.The certification authorises the facility to store, handle, transport, and deliver hazardous chemicals in any form – a critical requirement for all industries dealing with chemicals in domestic and international trade and a key safeguard for…

01 Jan 2019

NYK Gets Green Loan for Methanol-Fueled Chemical Tanker

Pic: NYK Line

Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK)  has secured a green loan of JPY 2 billion (USD 18.04 million) to finance the construction of its first methanol-fueled chemical tanker set for delivery in 2019."A green loan is a loan whose proceeds are used solely for the purpose of funding environment-friendly projects. NYK will continue to take steps for the development and use of technology linked to environmental performance by proactively promoting green finance, said a press release from the company.This green loan has been certified by Japan Credit Rating Agency Ltd.

01 Jan 2019

Another Record Year for Port of Antwerp

File Pic: Port of Antwerp

With expected growth of 5.1% compared with last year, 2018 looks set to be a record year for the Port of Antwerp for the sixth time in a row."In 2019 the Port Authority will keep to the same course, further building a sustainable future for the port. In pursuit of this goal it is concentrating heavily on structural solutions to challenges such as mobility, the energy transition, digitisation and innovation," said a press release from the port authority.The expected total freight volume in 2018 comes to 235 million tonnes, a new record, with unparalleled growth in all types of cargo.

19 Dec 2018

Wuhu Shipyard Bags Donsötank Conract for Tanker Duo

Image: Rederi AB Donsötank

Swedish family-owned shipowner Rederi AB Donsötank has contracted two oil products and chemical tankers at Chinese Wuhu Shipyard Co. Ltd.The vessels will be delivered in 2021, the Gothenburg-based shipping company said in a press release.The vessels are designed by FKAB, based on a well-known low-resistance hull design. Together we have a long relation in development of newbuildings, with focus on safe transports, working environment and to reduce the impact on the environment.The vessels are ice strengthened to ice class 1A…

19 Dec 2018

Rotterdam Port Awards Green Award Discount for Vessels

Pic: Port of Rotterdam Authority

The Port of Rotterdam Authority will widen and facilitate the Green Award discount for sea-going shipping from the start of 2019.The discount will encourage safe and green shipping in the liquid bulk segment. From 2019 onwards, certified chemical tankers and sea-going vessels with a cargo capacity (DWT) of less than 20,000 tons may also make use of the scheme.Also new for 2019 is that the Port Authority is making the port dues process more customer friendly for shipping lines whose vessels call at the Port of Rotterdam.

19 Dec 2018

U.S.-Flag Cargo Movement on Lakes in November Mirrors A Year Ago

A typical U.S.flag 'Laker' (CREDIT: Interlake steamship)

U.S.-flag Great Lakes freighters (lakers) moved 8.6 million tons of cargo in November, a virtual repeat of a year ago. The November float was also a near carbon copy of the month’s 5-year average.Iron ore cargos for steel production totaled 4.6 million tons, an increase of 9.6 percent compared to a year ago.Coal loads totaled 1.3 million tons, again little changed from a year ago. Shipments of aggregate, fluxstone, chemical stone and scrubber stone totaled 2.3 million tons, a decrease of 8 percent compared to a year ago.Year-to-date U.S.-flag cargo movement stands at 75.3 million tons…

18 Dec 2018

Ardmore Shipping Appoints Curtis McWilliams as Chairman

(L-R) Reginald Jones and Curtis McWilliams. Photo: Ardmore Shipping

The US-based chemical tanker company  Ardmore Shipping Corporation announced that Reginald L. Jones is stepping down as Chairman of the Board of Directors of the Company effective December 31, 2018. Curtis McWilliams has been appointed as Chairman of the Board effective January 1, 2019, said a stock exchange announcement from the company.Jones will remain as a director until the Company's annual general meeting in 2019, when he does not intend to stand for re-election. He is a co-founder and Managing Partner of Greenbriar Equity Group LLC…

17 Dec 2018

Danish Compatriots Test Emissions Monitoring Solution

Image: Nordic Tankers

Danish shipping company Nordic Tankers, Dania Ship Management and Danfoss IXA have been cooperating on testing new innovative technology for monitoring emissions on an ongoing basis.The chemical tanker company hailed that the result is a front runner solution to ensure global enforcement of the IMO’s requirements for sulphur emissions way before any legislation is pushed through.“The sensor equipment from Danfoss IXA is an innovative piece of technology that enables ship owners to continuously prove compliance with the IMO’s requirements for sulphur emissions.

14 Dec 2018

LRAUV: Arctic Oil-Spill-Mapping Robot Put to the Test

An artist’s depiction of LRAUV under sea ice. Using photo-chemical sensors, the robot scans the density of a billowing cloud of oil coming from an ocean floor well. The red and yellow objects are parts of a communication system consisting of antennas suspended under ice from a buoy installed on top of the ice.  Graphic by ADAC.

As commercial shipping and energy activities picks up in the Arctic region, the prospect of accidental oil spills in this pristine environment remain a concern. In response, the U.S. Department of Homeland Security (DHS) is taking the lead – through the U.S. Coast Guard – to develop a subsea robotic system to map and report on spills.“Because of ice coverage and the tyranny of distance, it is difficult to get resources and assets up in the Arctic in a quick manner,” said Kirsten Trego, Executive Director of the Coast Guard’s Interagency Coordinating Committee on Oil Pollution Research.

11 Dec 2018

AET Grows in Brazil

Eagle Paraiba. Photo: AET_Tankers

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico.

10 Dec 2018

Vikner Joins MJP as COO

Mia Vikner (Photo: MJP)

Marine Jet Power (MJP) has welcomed its new Chief Operating Officer (COO), Mia Vikner. In this role, Vikner will be responsible for operational efficiencies as well as process implementation to drive the continued growth of the company. Vikner joins the company after serving in various roles within Uson Marine Group, where she most recently held the post of CEO at the company’s headquarters in Stockholm, Sweden. With over ten years of experience in the marine industry, Mia is…

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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