Chemicals News

12 Dec 2019

U.S., China Reach Trade Deal 'in principle'

AdobeStock / © rawf8

The White House has reached a "deal in principle" with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks.The White House was expected to make an announcement later on Thursday, the source said."The written agreement is still being formulated, but they have reached an agreement in principle," the source said. No details were immediately available.In an attempt to secure a "phase one" trade deal, U.S. negotiators offered to cut…

11 Dec 2019

Amsterdam Completes First SIMOPS LNG Bunkering

Image: Titan LNG

Dutch LNG supplier Titan LNG's bunker barge FlexFueler001 has supplied LNG to Ramelia, oil and chemicals tanker owned by Sweden's Alvtank, while the ship was unloading cargo at the Oiltanking Terminal in Amsterdam.It is the first time a simultaneous operation (SIMOPS) has taken place with LNG bunkering in the Port of Amsterdam, allowing the Ramelia to unload cargo whilst receiving LNG bunkers."This important step, in which Oiltanking Amsterdam and Furetank Chartering joined, enables…

03 Dec 2019

Odfjell Adds Navig8 Chemical Tankers

Image: Odfjell SE

Navig8 Chemical Tankers, an international shipping company focused on the transportation of chemicals,  has agreed to enter four of its 25,000-dwt chemical tankers into a pool operated by the Norwegian tanker owner and operator Odfjell.Following the delivery of the vessels, the 'Chempool25' will total 19 vessels with Odfjell contributing with ten vessels, CTG five vessels and N8CTI four vessels. Odfjell will continue to be the operator of all vessels in the pool.“We are pleased to welcome N8CTI as a partner.

27 Nov 2019

CMBFL Sells and Lease Back 20 Tankers

Image: Watson Farley & Williams

CMB Financial Leasing (CMBFL) sign a $415.6 million sale and lease back transaction of 20 chemical tankers with Stolt Tankers, a UK-based provider of transportation and storage for liquids, notably specialty and bulk liquid chemicals, the proceeds of which were used to refinance certain debt secured on the vessels.Watson Farley & Williams (WFW), the international law firm based in London, has advised on this transaction. The leases were of a hybrid nature combining elements of both financial and operating leases.Founded in 2008…

28 Nov 2019

Jongen Deploys Damen's Mobile BWTS

Image: Damen Shipyards Group

German maritime waste specialist Jongen GmbH has taken delivery of a Damen InvaSave 300 mobile ballast water treatment system (BWTS), which will protect the Elbe from invasive Species.Jongen can now offer IMO-certified ballast water treatment services to ship operators needing to comply with the latest ballast water regulations that came into effect on 8 September 2019.Jongen GmbH delivers waste oil, waste water, and the waste removal services for maritime traffic in the Port of Hamburg.

09 Dec 2019

Bahri Looks to Make LNG Foray

© Mike Mareen / Adobe Stock

Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.According to Bahri's website, the national shipping carrier of Saudi Arabia has six business units dealing in oil…

30 Oct 2019

CSB: Chemical Leak Caused Fire at ITC Houston Terminal

The Houston, Texas Refining Complex (Credit: AdobeStock / © Irina K

The U.S. Chemical Safety Board (CSB) said on Wednesday that a fuel leak, possibly due to open valves and a running pump, set off a massive blaze at a Mitsui & Co Ltd petrochemical storage operation along the Houston Ship Channel in March.The fire that began on March 17 at Intercontinental Terminals Co (ITC) spread black smoke across Houston, shut the nearby ship channel, slowed production at local oil refineries and closed roadways and schools as it spread from one giant storage…

04 Nov 2019

BAWAT Wins IMO BWTS Type Approval

Marcus Hummer (Photo: BAWAT)

Unique pasteurization treatment system sails through new tougher type approval process to give shipowners better peace of mindBAWAT, the Danish manufacturer of a unique opex-neutral ballast water treatment system, has been granted IMO Type Approval for its technology that uses only a ship’s own waste heat to kill off invasive species.Type Approval certification has been issued by Lloyd’s Register on behalf of the Danish Maritime Authority and makes the BAWAT system one of the first to be tested and issued with approval under the new toughened mandatory requirements of the IMO’s BWMS Code…

06 Nov 2019

Seasonality Impacts Chemical Tanker Market

Pic: Odfjell SE

The chemical tanker earnings for the third quarter of 2019 was impacted by the usual seasonal slowdown in volumes while rates remained stable, said Odfjell Group.According to the company specializing in worldwide seaborne transportation and storage of chemicals and other specialty bulk liquids,spot rates were stable to slightly stronger on the front haul routes but strong competition and seasonally lower volumes on the back-haul routes had a negative impact on the overall market.A…

07 Nov 2019

Navios Acquisition Fleet Reaches 41

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition. File Photo: Navios

Navios Maritime Acquisition Corporation, the provider of transportation of petroleum products (clean and dirty) and bulk liquid chemicals, announced that its fleet consisted of a total of 41 vessels as of November 7, 2019.The owner and operator of tanker vessels said that out of 41 vessels, 13 are very large crude carriers (VLCCs) (including three bareboat chartered-in VLCCs expected to be delivered in the third and fourth quarters of 2020 and the third quarter of 2021), 26 are product tankers…

19 Nov 2019

Schottel Enters the Tanker Segment

Photo: SCHOTTEL

Schottel recently received an order to supply two EcoPellers and a bow thruster for installation in a chemical/oil tanker. The tanker will be built at Chinese shipyard Taizhou Kouan Shipbuilding and will be operated by a European owner.The 120 m x 21 m vessel is powered by an electric motor, which is vertically integrated into the azimuth thruster. The propulsion system of the tanker consists of two Schottel Rudder EcoPellers type SRE 460 L FP with an input power of 2,000 kW each and one Schottel Transverse Thruster type STT 170 FP.

26 Nov 2019

NMAC Acquires 5 Product Tankers

Image: Navios Maritime Acquisition Corporation

Navios Maritime Acquisition Corporation (NMAC), a Greece owner and operator of tanker vessels, announced the agreement to acquire five product tankers in liquidation of Navios Europe I Inc.On November 22, 2019, an agreement was reached to liquidate Navios Europe I. As of September 30, 2019, Navios Acquisition had a receivable of $32.3 million from Navios Europe I. This receivable along with debt financing will be used to finance the Acquisition. The agreement is subject to definitive…

14 Oct 2019

BWM Convention Modification Enter into Force

Pic:  International Maritime Organization (IMO)

The amendments to an international treaty aimed at preventing the spread of potentially invasive species in ships’ ballast water came into force yesterday (October 13), the International Maritime Organization (IMO) said.Ships regularly take on sea water, in tanks, to ensure their stability. Known as ballast water, this can contain many aquatic species, including in microscopic or larval form. These can become invasive and harmful if the ballast water is released, unmanaged, in…

17 Oct 2019

Rotterdam Port Strengthens Presence in India

Image: Port of Rotterdam Authority

The Port of Rotterdam Authority is intensifying its joint activities with parties in India. 'As one of the fastest growing economies in the world, India is investing heavily in the development of seaports, industrial areas and hinterland connections.The largest port in Europe will sign two Memorandums of Understanding (MoUs) with India, appointed an office and also supported the establishment of a maritime university that will partner with Rotterdam's institutions, marking the…

21 Aug 2019

TOP Ships in 1-for-20 Reverse Stock Split

Pic: TOP Ships

Greek provider of oil, petroleum products and chemicals transportation services TOP Ships Inc. announced that it has determined to effect a 1-for-20 reverse stock split of the its  issued common shares.The Greek company's shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Company's Annual Meeting of Shareholders held on August 7, 2019.The reverse stock split will take effect…

09 Oct 2019

Mozambique Awards Rovuma LNG Project Gig

Pierre Bechelany (center), Fluor's president of Pipelines & LNG, signs contract. (Photo: Business Wire)

Mozambique Rovuma Venture (MRV) has awarded an engineering, procurement, and construction contract to a consortium of Fluor, JGC, and TechnipFMC for its Mozambique Rovuma LNG Phase 1 project in Cabo Delgado, Mozambique.MRV, a joint-venture composed of Eni, ExxonMobil and CNPC, holds a 70% interest in the exploration and production concession of Area 4, with Galp, Kogas and Empresa Nacional de Hidrocarbonetos (ENH) each holding a 10% interest.The Rovuma LNG Project will produce…

10 Oct 2019

South Africa to Have First Chemical Tanker Ship

Image courtesy: Sasol

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.

11 Oct 2019

U.S. Sanctions Deal Blow to LSFO for 'IMO 2020'

file image (credit: AdobeStock / © dbvirago

Highly sought after types of oil best suited to making cleaner shipping fuel are suddenly finding they are a tougher sell for thirsty East Asian markets, traders say, in an unintended consequence of U.S. sanctions on a Chinese shipping fleet.With just over two months until environmental rules are set to mandate the biggest changes to ship power in over a century, certain rare types of West African oil have soared in value but have had to be marked down due to the higher costs of transport.The United States imposed sanctions on units of China's COSCO on Sept.

20 Aug 2019

Waterfront Adds Methanol-Fuelled Vessels

Photo: Methanex Corporation

The marine transportation company Waterfront Shipping Company has added two new innovative, clean-burning vessels, M/T Mari Couva and M/T Mari Kokako, to its fleet.Both 49,000 dwt vessels are built with the second generation of MAN B&W ME-LGIM two stroke dual-fuel engines that can run on both methanol and conventional marine fuels, said the wholly owned subsidiary of Methanex Corporation.The vessels join the seven existing methanol-fueled vessels chartered by Waterfront Shipping…

03 Oct 2019

New Nippon Paint Targets Chem, Product Carriers

Photo: Nippon Paint Marine

Nippon Paint Marine has added to its NOA range of self-indicating epoxy coatings with a new system specially developed to protect chemical and product carrier tanks from corrosion and cargo contamination.NOA PC 700, a phenolic/novolac-based epoxy, is resistant to a wide range of chemicals, solvents and petroleum products, including those containing xylenes, methyl ethyl ketone, methanol, caustic soda and LSA fuel oil.Makoto Nakagawa, General Manager Sales and Marketing, Nippon Paint Marine Coatings…

01 Sep 2019

Chemical Tanker Market to Recover

Pic: Odfjell SE

The recovery of the chemical tanker market continued into the second quarter as main drivers were strong US exports and healthy volume development throughout the quarter on main trades, said Odfjell SE.The Clean Petroleum Products (CPP) market weakened which led to a net increase of 20 coated MR's trading chemical/veg-oils during the quarter, hereby increasing supply pressure for chemical tankers towards the end of the quarter, said the company specializing in worldwide seaborne…

14 Oct 2019

Addressing Invasive Species in Ships’ Ballast Water

Photo courtesy of IMO

The BWM Convention amendments formalizing the implementation schedule for the D-2 standard are now in force. Amendments to an international treaty aimed at preventing the spread of potentially invasive species in ships' ballast water entered into force on October 13, 2019.Ships regularly take on sea water, in tanks, to ensure their stability. Known as ballast water, this can contain many aquatic species, including in microscopic or larval form. These can become invasive and harmful if the ballast water is released…

11 Sep 2019

Marine Coatings Market: Clean, Green & $9.3B by 2025

Frost  & Sullivan said shipbuilders and dry-docking companies should work with marine coatings specialists to ensure that high-performance, environmentally-sustainable marine coatings that can protect the environment and increase fuel efficiencies are developed for use in the maritime sector.
Photo: © helenedevun/Adobe Stock

In its latest analysis of the marine coatings sector, UK-headquartered market analyst Frost & Sullivan’s has shown that increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries is a fast-growing trend in the marine sector. In addition, Frost & Sullivan’s report, ‘Global Marine Coatings Market, Forecast to 2025’, says that the Asia-Pacific region is expected to dominate the market owing to its large…

Maritime Reporter Magazine Cover Dec 2019 - Great Ships of 2019

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