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Chemical Transportation News

25 Oct 2023

SEACOR Sells Its Inland River Business to Ingram

Š Danita Delimont / Adobe Stock

Fort Lauderdale, Fla. based SEACOR Holdings Inc. announced it has signed a definitive agreement to sell its inland river transportation and logistics business to Ingram Barge Company LLC, a division of Nashville-based Ingram Marine Group.Part of the SEACOR family of businesses for over two decades, Inland River Transport Holdings LLC (SCF) includes more than 1,000 covered dry cargo hopper barges, eight 6,000-plus horsepower towboats and a network of terminal and fleeting infrastructure along the Mississippi River.“I am extremely pleased to enter this transaction with Ingram…

13 Sep 2023

New Company Will Combine Crowley and SEACOR Jones Act Tank Vessel Fleets

(Photo: Crowley)

U.S. maritime companies Crowley and SEACOR Holdings' Seabulk Tankers have created a new joint venture that combines their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider.The new company, Fairwater Holdings, will serve the U.S. domestic market with vessels and marine transportation solutions across the petroleum and chemical trades, as well as related third-party ship management services. It will include 20 oceangoing, articulated tug-barges (ATB) and 11 tankers, many under long-term charter.

14 Mar 2022

Interview: Jennifer Carpenter, President & CEO, AWO

Jennifer Carpenter, President & CEO, The American Waterways Operators (Photo: AWO)

Jennifer Carpenter joined The American Waterways Operators (AWO), the national trade association representing the inland and coastal tugboat, towboat and barge industry, in August 1990 and became its president and CEO in January 2020. She weighs in some of the most important developments in the industry today, from “hugely exciting” opportunities in offshore wind , tech innovation and decarbonization, to labor and recruitment challenges.The recent Infrastructure bill is a huge boost for many industries…

31 Aug 2020

Stolt-Nielsen to Buy Five Chemical Tankers from CTG

Stolt-Nielsen has via Stolt Tankers B.V. agreed to buy five chemical tankers from Chemical Transportation Group (CTG) for trading in the Stolt Tankers Joint Service, in a move to modernize its fleet.The five ships, which are 26,000 dwt and with stainless steel cargo sections, were built in China in 2016 and 2017. The purchase of each ship isexpected to close between December 2020 and February 2021. Further terms of the transaction were not disclosed.Stolt Tankers President, Lucas Vos, said: "This acquisition is an excellent opportunity for Stolt Tankers to replace ships being retired in the next few years, lowering our fleet age profile with competitively priced ships that can trade in any of our deep-sea lanes.

12 Mar 2019

HazSub Spill Response Plans

Š VanderWolf Images/AdobeStock

On August 18, 1990, the Oil Pollution Act of 1990 (OPA 90) was enacted into law. Section 4202 of that Act amended the Federal Water Pollution Control Act (FWPCA or Clean Water Act) to require tank vessels and marine transportation-related facilities to prepare and submit to the US Coast Guard plans for responding, to the maximum extent practicable, to a worse case discharge, and to a substantial threat of such a discharge, of oil or a hazardous substance carried in bulk as cargo.

19 Aug 2018

Team Tankers Back into the Black

Bermuda-based chemical tanker company Team Tankers International managed to return to profitability in the second quarter of 2018,  as 14 new ships from recent acquisitions boosted earnings.The company posted a net income of USD 4.4 million in Q2 2018, compared to a net loss of USD 7.3 million in Q1 2018 and a net loss of USD 7.1 million in Q2 2017.The average time charter equivalent rate for the fleet was $11,316 per day this quarter, compared with $10,610 per day in the previous quarter.Team's CEO, Hans Feringa, said "We have successfully integrated the Team and Laurin operations and have established commercial and operational hubs in Copenhagen, Houston and Singapore.

26 Jun 2018

Laino Named Chembulk CCO

Chembulk Tankers named Steve Laino its Chief Commercial Officer, based out of the Southport office and responsible for all facets of our commercial strategy worldwide, including chartering, projects and client relations. Laino comes to Chembulk with more than two decades of diverse experience in the maritime transportation industry, with experience in the chemical tanker sector. Laino has held roles in operations both at sea and ashore, in commercial capacities as a tanker broker, projects broker and shipowner. Most recently, Laino held the role of Chief Operating Officer of Chemical Transportation Group (CTG), which he founded together with two partners and a group of investors in 2014.

15 May 2018

National Response Corporation Acquires SWS Environmental Services

National Response Corporation (NRC) has acquired SWS Environmental Services (SWS), significantly adding to its national footprint and expanding its full line of compliance and environmental services. Since 1974, SWS has been providing a broad range of essential services including industrial, hazardous waste management, emergency response, marine, and remediation services to the energy, manufacturing, education, healthcare, chemical, transportation, government, and retail sectors. Employing over 250 personnel, SWS is a customer‐focused company with 21 locations servicing 17 states throughout the Midwest, Gulf Coast, and Southeastern U.S.

21 Mar 2018

Wärtsilä, Crowley Extend Agreement for 11 ATBs

Photo: Wärtsilä, Crowley

Wärtsilä and Crowley Petroleum Services said they are continuing their co-operation by extending and expanding their maintenance agreement for 11 articulated tug barges (ATBs) owned and operated by Crowley. The agreement, signed in December 2017, extends the original contract term from 2019 to 2023, and covers the maintenance of 22 Wärtsilä engines installed on board 11 ATBs. With the contract Crowley receives a comprehensive maintenance package, access to prompt technical service and troubleshooting and a response time guarantee in case of unforeseen circumstances requiring immediate action.

28 Feb 2018

Team Tankers Buys Two Tanker Carriers

Team Tankers International announced that it has entered into share purchase agreements to acquire all outstanding shares in each of Laurin Shipping and Anglo-Atlantic Steamship Company. In combination with associated ship purchases, the total estimated enterprise value of the series of transactions is approximately $206 million. Upon completion of the transactions, Team Tankers will grow its fleet from 37 to 52 vessels. With the acquisition of Laurin Shipping, trading under the Laurin Maritime brand, Team Tankers adds a leading medium range tanker (MR) operator with commercial and technical expertise to the Company's robust chemical tanker platform.

20 Dec 2017

Crowley Shipping Announces Management Team

(Photos: Crowley)

Crowley Maritime Corp. appointed four industry veterans to oversee the consolidated lines of business under the recently formed Crowley Shipping group, which provides petroleum and chemical transportation, commercial ship management, offshore energy support and ship assist and tanker escort services in the U.S. and international markets. Crowley said the new business unit structure better aligns vessel operations and services with customers, positioning the company for greater growth and efficiency under Rob Grune, senior vice president and general manager.

02 Aug 2017

The Evolving ATB Jones Act Business Model

ATB Corpus Christi/Petrochem Supplier (Image Credit: US Shipping Corp)

Today’s ATB play seemingly has legs for the long haul, as operators build and market needs fluctuate. The refined product trades are always in flux. Similarly, the supply patterns for products (and for chemicals derived from oil refining) are subject to constant change. At the same time, the distribution of refined petroleum products sees great benefit from the efficiency of Articulated Tug Barges (ATBs), which have the flexibility to adjust to dynamic supply programs between refineries and myriad distribution facilities dotting the coastline. It wasn’t always like that.

13 Jul 2017

Odfjell Acquires Five Chemical Tankers

CTG Bismuth (Photo: Odfjell SE)

Odfjell SE informs it has signed a final agreement to acquire five chemical tanker newbuilds from Chemical Transportation Group, Inc (CTG) and form a pool of 15 chemical tankers. The transaction has been signed and completed, Odfjell said, after it announced on June 16 that it inked a term sheet with CTG to form the vessel pool and acquire CTG’s final five 25,000 dwt stainless steel newbuilds on order from Chinese shipyard AVIC Dingheng. Odfjell said it will pay $40 million per vessel upon delivery from shipyard.

16 Jun 2017

Odfjell Buys 5 Chemical Tanker Newbuilds

Odfjell SE informs it has signed a term sheet with Chemical Transportation Group, Inc (CTG) whereby Odfjell will acquire the last five of a total newbuilding order of 10 25,000 dwt vessels with 24 stainless steel tanks from Chinese ship builder AVIC Dingheng. CTG will continue to own five vessels which will be placed in a pool commercially managed by Odfjell Tankers AS. The vessels will, together with Odfjell's current fleet of five 25,000 dwt vessels and the five vessels acquired by Odfjell, form a pool for 15 25,000 dwt chemical tankers. The vessels acquired by Odfjell will be bought at $40 million per vessel upon delivery from yard, and are scheduled for delivery from June 2017 through May 2018.

29 Dec 2015

The Top Five Ships of 2015

Top 5 Ships of 2015: Containership MSC Oscar (Photograph: Mediterranean Shipping Company S.A.)

Maritime innovation never stops, and 2015 was certainly no exception, as a number of “world firsts” hit the high seas. In its December 2015 edition Maritime Reporter & Engineering News (http://digitalmagazines.marinelink.com/nwm/MaritimeReporter/201512/) presented its “Great Ships of 2015;” MarineLink.com takes the process one step further, and here confer the “Top Five Ships” of 2015. With a gross tonnage of 168,666, somewhat smaller than the world's largest Oasis class vessels, Royal Caribbean Cruises Ltd.

01 Oct 2015

Crowley Acquires Jones Act Tankers

Crowley Maritime Corp. took delivery of Ohio, the first of four new, Jones Act, product tankers this week from Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA. The delivery is momentous not only for Crowley, but also for the industry because it signifies the first time a product tanker has been constructed with consideration for the future use of LNG for propulsion. The remaining three product tankers being built by APSI for Crowley are currently under construction and have planned deliveries through 2016. “We are excited to offer our customers cutting-edge technology available in these new tankers…

23 Feb 2015

Powering Ahead with a Clean Design

The Shearer Group and Conrad Shipyard collaborate on an ABS approved LNG Towboat Design. What happens next could change inland shipping forever. The December announcement that Conrad Shipyard, L.L.C. and The Shearer Group, Inc. (TSGI) had worked together to develop the design of a Liquefied Natural Gas (LNG) powered 4,200 horsepower towboat utilizing a proven TSGI design was, perhaps, exciting enough on its own merits. That the team had also been awarded an “Approval in Principle” (AIP) by the American Bureau of Shipping (ABS) for the design was especially significant for the nation’s inland waterfront. Packing clean LNG power into an inland towboat was no easy task. And yet, the potential for the concept to blossom in this largely fixed, point-to-point market is very real.

24 Sep 2014

Keel Laid for Crowley Jones Act Tanker

Photo: Crowley

The first of four Crowley Maritime Corp. product tankers was celebrated today in a keel laying ceremony held at Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA. The 330,000-barrel, Jones Act tankers are being built through a joint venture between Crowley and Aker. Keeping with the long-held shipbuilding tradition, several coins were placed by representatives from Crowley, APSI and others on one of the keel blocks before the unit was lowered into place in the dry dock. The coins are a ceremonial sign of good fortune and safe travels.

26 Aug 2014

MN 100: Crowley

Chairman & CEO: Thomas B. Crowley Maritime Corporation is a U.S.-owned and operated marine solutions, transportation and logistics company providing services in domestic and international markets through six operating lines of business: Puerto Rico/Caribbean liner services; Latin America liner services; logistics; marine contract solutions; deep sea petroleum transportation; and petroleum transportation, distribution and sales in Alaska. The primary services offered by these six business lines include Shipping and Logistics…

26 Jun 2014

Maritime Fuel of the Future: Training to an Uncertain Standard

Despite its unquestionable allure, LNG as a fuel carries with it as many risks as it does answers to the problems it promises to solve. As industry and OEM’s work to remove any doubt, the collaborative effort outpaces the slow-moving regulatory machine. Even as Lloyds Register predicts that LNG will reach a maximum 11% share of marine propulsion solutions in 2030, it also says that segments with higher proportion of small ships will see the highest LNG uptake. And, at the same time, says the global classification society in its recent paper entitled, Global Marine Fuel Trends 2030, the marine fuel mix for bulk, containers and tankers…

21 May 2014

India’s Seaborne Oil, Bulk Liquids & Gas Tanker Trade Conference

India Tanker Conference the biggest event of Hinode Events and Services Pvt Ltd, and the first one on the Tanker trade is set to take off on JUNE 5 in Mumbai at the Hotel Vivanta by Taj - President, in MUMBAI. This First Annual Conference on the Outlook for India’s Seaborne Oil, Bulk Liquids and Gas Tanker Trade, will explore the current challenges and outlook for the seaborne transportation of crude oil, bulk liquids AND gas cargoes encompassing the shipment of crude oil, petroleum products, petrochemicals, liquefied gases as well as vegetable oils, etc. Over 200 delegates are expected to attend. They will represent a wide cross section of the trade and industry including Ship owners and operators, charterers, cargo interests.

10 Apr 2014

Stalwart Tankers Postpones U.S. IPO

BSS Force (Image: Stalwart Tankers)

Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to "market conditions," an underwriter told Reuters. The company filed with U.S. regulators in February to raise up to $100 million in an IPO of its common stock. Stalwart Tankers later said it expected to price its IPO of 12.5 million common shares at between $11 and $13 per share. The decision to postpone the IPO comes on the heels of Greece returning to the bond market on Thursday…

08 Apr 2014

Crowley Acquires Ship Management Company

Crowley Maritime Corporation announced today that it has acquired majority ownership of Accord Ship Management (HK) Limited and Accord Marine Management Pvt. Ltd. The Accord acquisition will be managed by Crowley’s ship management group, which provides all phases of commercial ship management along with full technical management and government contracting. It will immediately increase the size and scope of Crowley’s technical ship management group while supporting the company’s expansion into the international ship management market with a foreign crewing presence. The acquisition also makes Crowley a rare U.S. company - one that provides third-party international crewing and technical ship management.