Marine Link
Tuesday, November 21, 2017

Chemical Products News

New Container Liner Services from Shipping Company

A new liner service from shipping company CMA CGM The French Line is connecting Hamburg with Australia and New Zealand. Tilbury, Hamburg. previously Madras. Sailings between Hamburg, the Indian Subcontinent, Australia and New Zealand will initially be every 14 days, increasing to weekly in May. from/to Australia last year. handled around 14.000 boxes (TEU) in 2006. Hamburg. chemical products and paper. Zealand are frozen meat, chemical products, textiles and fruit. paper and machines.

Capital Product Partners Sings Pact for $460 Mln Refinancing

Photo: Capital Product Partners L.P.

Capital Product Partners  entered into a firm offer letter for a senior secured term loan facility of up to $460.0 million with HSH Nordbank AG and ING Bank as mandated lead arrangers and bookrunners and BNP Paribas and National Bank of Greece S.A. as arrangers. The lenders also include Alpha Bank S.A., Piraeus Bank S.A. and Skandinaviska Enskilda Banken AB (Publ). The closing of the credit facility is subject to finalization of the long form loan documentation. "We intend to use the net proceeds of the loans under the New Facility…

Capital Product Bags 3 MR Charters

Photo: Capital Product Partners L.P.

Capital Product Partners, an international diversified shipping company, announced that it has secured new time charter employment for three Medium Range (MR) Product Tankers. The M/T 'Amadeus' (50,108 dwt, IMO II/III Eco Chemical/Product Tanker built 2015, Samsung Heavy Industries (Nigbo) secured employment with Repsol Trading for one year (+/- 30 days) at a gross daily rate of $14,500. The charterer has the option to extend the time charter for an additional year (+/-30 days) at a gross daily rate of $14,750. The new charter will commence in October 2017.

Drew Marine Announces New Positions

Ashland Specialty Chemical Company's Drew Marine announced three changes in its marketing organization at its Boonton, N.J. headquarters. business manager for Engineered Systems & Products. become the technical manager for chemicals. control systems. selecting of non-chemical products as well. fuel treatment products. and growth plans for performance chemicals and associated equipment. stewardship. U.S. Military accounts, which was part of his former job. of Drew Marine marketing. the market is directing us into," says Hendrickson.

De Poli Yard Launches Chem. Tanker

Based on the Island of Pellestrina (Venice), Cantiere Navale De Poli shipyard launched chemical tanker named Jo Laguna D built for venician company Ar.Co.In. The vessel, which will be used for the transport of oil and chemical products, was scheduled for completion at the end of 1999, and is equipped with 14 tanks for the load, two slops, one recovery and two deck slop tanks. In accordance with the most recent U.S. standards, the vessel is equipped with a double hull located in correspondence of the cargo zone.

Unitor awarded major supply agreement by Bergesen

Norway's Bergesen DY Group has awarded international ships service provider Unitor a three year agreement, plus two one-year options, to supply marine products and services to its commercial fleet, which is one of the largest in the world. The agreement involves a wide range of products and services needed for onboard maintenance; fire, rescue and safety, as well as technical chemicals. Bergesen wished to consolidate on the supplier side and carried out a comparison of the major marine suppliers. Pricing, delivery capability, service level and use of information technology were included in the evaluation. Bergesen is heavily committed to working for a cleaner marine environment…

STX Shipbuilding Wins Orders

According to wire reports, STX Shipbuilding of South Korea has won orders from two companies for seven chemical product carriers for a combined $210 million. Four 70,500-dwt product tankers are reportedly destined for SAF Bulk Maritime of South Africa, while three 45,800-dwt carriers are said to be going to Arminter of Monaco by the end of 2004.

U.S. Shipping Partners Completes Acquisition

U.S. Shipping Partners announced has completed its recently announced acquisition of the Sea Venture, a 19,000 dwt double-bottomed chemical/product tanker. The vessel was re-built in 1983 and is capable of carrying twenty different grades of product in independent cargo tanks. The vessel is being placed in drydock and will be available for trading in April 2006. The transaction was financed utilizing available cash.

Greek Owners CPP Charter Out Three Tankships

MT Avax: Image courtesy of CPP

Capital Product Partners L.P. (CPP) an international diversified shipping company, says it has secured time charter employment for the M/T ‘Avax’, M/T ‘Agisilaos’ and M/T ‘Alkiviadis’. M/T ‘Alkiviadis’ (36,760 dwt, IMO II/III Chemical/ Product Tanker built 2006 Hyundai Mipo Dockyard, South Korea) was employed with CSSA S.A., a fully owned subsidiary of Total S.A., for one year (+/‐ 30 days) at a gross daily rate of $14,125. CSSA S.A. has the option to extend the charter for an additional year (+/‐ 30 days) at $15,125 gross per day.

Hellespont Launches Chemical Tanker Pool

Hamburg-based Hellespont has launched a pool for modern IMO 2 chemical/product tankers. The Seatramp Intermediate Tanker Pool will initially consist of three KG-financed and Hellespont-operated 13,000 dwt vessels, and Hellespont has committed a further eight 17,000 dwt newbuildings due between now and 2011 to the pool. Talks with other owners are at an advanced stage and the aim is to bring the pool to around thirty vessels by the end of 2010. Christian van Oldershausen, managing director of Hellespont AG, said, “In the current market consolidation of fleets into pools makes a lot of sense. It smoothes earnings, allows the pool to develop long term relationships with large charterers and balance tonnage against cargo commitments and overall increases returns as tonnage utilization rises.

MISC Orders Tankers

Malaysian shipping line MISC Bhd has ordered eight chemical/product oil tankers worth $430m from South Korea's SLS Shipbuilding Co. Ltd, MISC said. The first three tankers will be delivered in 2009 and the remaining five in 2010, it said in a statement. Source: Reuters

Stolt-Nielsen Opens New Office

Last week the Stolt-Nielsen Transportation Group (SNTG) opened a new office in the Rotterdam port area. Some time ago SNTG announced the concentration of its European activities in Rotterdam. From the office the transport of ten million tons of chemical products per year is controlled: two million tons by deep sea vessels, an equal amount by short sea, 5.5 million tons by inland shipping and 400,000 tons in tank containers. SNTG deploys 37 inland vessels under its own flag.

NASSCO’s New Product Carrier Goes to Sea

The M/T Golden State departed on her inaugural sea trials on December 3.  The 600 ft ship was built in San Diego by General Dynamics NASSCO and is scheduled to be delivered to U.S. Shipping Partners in January 2009. The Golden State is the first ship of the “State” class and will be used in coastal trade, carrying petroleum and chemical products.  (www.nassco.com)

Pirated Merchant Vessel Panega Released

Photo courtesy EU NAVFOR

MV Panega was hijacked on 11 May 2010, approximately 100 nautical miles east of Aden (Yemen) in the Gulf of Aden. On 9 September the vessel was released from Garacad from under pirate control. Merchant Vessel (MV) Panega is a Bulgarian flagged Chemical product tanker, with a dead weight of 5,848 tons and a Bulgarian crew of 15, all of whom are reported in good health.

GL Contracts 60th Ship with Chinese Yard

A 19,800 dwt stainless steel chemical tanker vessel is the 60th ship being built with Germanischer Lloyd class at Qingshan Shipyard. The 10th anniversary of close cooperation between Qingshan Shipyard and Germanischer Lloyd is being celebrated on August 3 with a ceremony attended by more than 100 guests. Participants include the President of Chang Jiang Shipping Group Liu Xihan, the Vice Governor of Hubei Province Li Chunming, the Vice Mayor of Wuhan City Yue Yong and other representatives of local government and authorities. 27 vessels have been delivered since 1996, 33 ships are under construction and on order. In total, more than 750,000 dwt have been constructed with GL class at Qingshan Shipyard. Qingshan Shipyard has 3,800 employees and is located at the Yangzi River in Wuhan.

Tanker Named at Jiangnan Shipyard

A.P. Moller - Maersk Group announced that the naming of the newest vessel, a chemical/product tanker of 16,500 tons, took place. The vessel was built at the Jiangnan shipyard for the A.P. Moller - Maersk Group. Elizabeth Bjerregaard, accompanied by her husband Peter Bjerregaard, Executive Vice President of the Danish Shipowners’ Association, delighted A.P. Moller - Maersk and the shipyard by naming the vessel NORDBY MÆRSK. The vessel is the third in a series of six vessels that the Chinese shipyard has delivered to A.P. Moller - Maersk. Representatives from the Danish Shipowners’ Association and A.P. Moller - Maersk participated in the naming ceremony. In line with the environmental policy of A.P.

Port of Hamburg Receives Eight Newbuildings

Cosco Belgium

The Port of Hamburg receives the first of a total of eight 13,380-TEU COSCO newbuildings at HHLA’s Container Terminal Tollerort. Delivered at the end of February, the completed containership Cosco Belgium  will berth in Hamburg on April 11. Operating under the Hong Kong flag, this ULCC is 366 meters long, 51 meters wide and when fully loaded has a draft of 15.5 meters. She is the first of altogether eight 13,380 TEU (20-feet standard container) vessels ordered by Cosco from the Chinese NACKS shipyard in April 2008.

OSC Plans Fleet Expansion through 2018

Photo: OSC

State-owned Oman Shipping Company SAOC (OSC) is projecting to expand its current fleet of 43 ships to 50 by 2018, the Oman Daily Observer reported. According to the report, the expansion is in line with a ramp-up in hydrocarbon, petrochemical and industrial investment throughout Oman. As the Omani economy grows, OSC looks to provide the tonnage required to meet the maritime shipping needs of expanding production capacity, a company representative told the Observer. The current fleet includes a mix of LNG carriers…

Agreement for Developing New Terminal in China

Odfjell and Dalian Port (PDA) Co., Ltd., a Hong Kong public listed company on the one side, and Caofeidian Industry Zone (CFDIZ) on the other side, have signed an agreement for the development of a world class tank terminal for oil and chemical products, including chemical gases. Odfjell and Dalian Port will form a joint venture company to design, build and operate this new tank terminal, which will be located within the CFDIZ, the largest reclaiming of port land in the history of China totalling impressive 310 square kilometers. The area allocated by the Industry Zone to this terminalling joint venture is over 750 000 square meters, with 1600 meter waterfront of 15 meter water depth and thereby allowing ships of up to 100,000 dwt.

HMI Ambrose Channel Makes First New York Harbor Call

Hvide Marine Inc. announced the first visit of HMI Ambrose Channel, named for the USCG lightship that formerly stood watch at the entrance of New York Harbor, to the Port of New York and New Jersey. The vessel, one of the first all-new petrochemical carriers built in the U.S. in nearly two decades, passed through its namesake, the Ambrose Channel, on its way to Stapleton Anchorage. Under the command of veteran Hvide Marine Captain Dave Johnson, the tanker delivered 155,000 barrels of diesel oil from a refinery in Baton Rouge, La. Delivered in January 1999, the vessel complied with the mandate of Congress and the American people to build double-hull tankships to transport petroleum and chemical products in U. S. waters in the safest manner possible.

Major Revamp at Stena Bulk

Image: Stena Bulk AB

Stena Bulk is reorganising its business activities into three business areas: Crude & Fuel, Products & Chemicals and LNG and have appointed two new managing directors. At the same time, its business activities previously conducted under the name of Stena Weco are being coordinated and incorporated into Stena Bulk. Additionally, a new office in Copenhagen will be opened in the next few days. As a result, the company will leave its office in Rungsted, which until now has been used by Stena Weco.

Surge in Traffic Between Hamburg and Poland

Port of Hamburg

In the first half of 2011, seaborne container traffic between Hamburg and Poland experienced a particular surge by 38 per cent, to 114,000 TEU. In this context, imports and exports from/to Poland are very well balanced at 56,000 TEU and 58,000 TEU, respectively. With a volume of 2.6 million tons of seaborne cargo in the year 2010, Hamburg is one of the most significant North Range ports for Poland. The gratifying trend in container traffic in the first half of 2011 was the subject of a conference in Warsaw organised jointly by the Port of Hamburg Marketing Representative Office in Warsaw…

NASSCO Delivers Second Product Carrier

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), delivered the second ship of its State-class of product carriers to USS Products Investor, a shipbuilding joint venture led by the Blackstone Group. The ship is named Pelican State, the state nickname of Louisiana. NASSCO began constructing the Pelican State in August 2007. At a length of 600.4 ft, the double-hulled ship has a cargo capacity of approximately 331,000 barrels and will be used to carry petroleum and chemical products in Jones Act service between U.S. ports. “Completed more than eight months ahead of our original schedule, under budget, and in substantially fewer man-hours than the lead ship of the class…

Maritime Reporter Magazine Cover Nov 2017 - The Workboat Edition

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