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Saturday, February 16, 2019

Chemical News

Pic: MOL Chemical Tankers

MOL, Den Hartogh Form Chemical Logistics Alliance

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…

Pic: CXIC Group

Container Market Grows at 8.6%

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…

Michael Jorgensen  (Photo: OSC)

Shipbuilding: OSC Orders VLCC Pair

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…

Image:  INEOS

Ineos to Invest $3.4 bln in Antwerp Port

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…

Pic: Nordic Tankers

Japan's MOL Acquires 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…

Pic: APM Terminals Inland Services

APM Terminals Inland Services Gets Clearance in India

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…

File Pic: Port of Antwerp

Another Record Year for 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.

Pic: Port of Rotterdam Authority

Rotterdam Port Awards Green Award Discount for Vessels

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.

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

Ardmore Shipping Appoints Curtis McWilliams as Chairman

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…

Image: Nordic Tankers

Danish Compatriots Test Emissions Monitoring Solution

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.

Image: LNG Gothenburg

Swedegas Renewable Gas Bunkering at Gothenburg Port

Swedegas, the owner of the gas grid in Sweden, conducted the first liquefied natural gas (LNG) bunkering operation at its new facility at the Port of Gothenburg.Gothenburg-based shipping company Terntank was the very first operator to take on  LNG at a new bunkering facility, said the Swedish owner and operator of the high-pressure gas grid.Not only liquefied natural gas, LNG, but also liquefied biogas, LBG, it added.“Being able to offer this unique opportunity represents a major breakthrough…

Graph: Drewry Shipping Consultants Limited

Ship Operating Costs Rise for Second Successive Year: Drewry

As the cost inflation is set to accelerate on higher insurance premiums, average vessel operating costs rose modestly for the second year in succession following two years of marked declines, according to the latest report published by global shipping consultancy Drewry.The report titled 'Ship Operating Costs Annual Review and Forecast 2018/19' said that typical ship operating costs accelerated moderately in 2018 as the uncertain recovery in freight markets across most cargo sectors gained momentum.Opex costs are heavily linked to developments in the wider shipping market as some costs…

Debasish Mohapatra (Photo: OSC)

Oman Shipping: Strong Domestic Performance

Oman Shipping Company (OSC) is reporting strong performance in domestic markets following long-term deals with local refineries and traders including ORPIC and OTI.OSC’s growth in the region is being driven by a 20-year contract to transport condensate for ORPIC (Oman Oil Refineries and Petroleum Industries Company) and a 15-year deal transporting methanol for OTI (Oman Trading International) from Salalah Methanol plant.The company is further supporting the export of LPG from Sohar Refinery to Yemen, Sudan, India, Bangladesh and Sri Lanka.

Pic: Linde Group

Linde Group Bags Chinese LNG Contract

The technology company The Linde Group has been awarded a contract from Chinese chemical and energy company Inner Mongolia Huineng Coal Chemical Co Ltd to supply a mid-scale LNG plant near Beinichuan in Inner Mongolia."This will be Linde’s seventh and largest LNG plant to date in China and is in response to growing demand from customers in China," said a release from the company.Linde's Engineering Division will be responsible for engineering, procurement and site services for the LNG plant with a nameplate capacity of 750…

Forchem plant in Rauma, Finland CREDIT: MAN

MAN Cryo to Design, Deliver LNG Regasification Terminal

MAN Energy Solutions Takes Next Step in Developing Presence in Finland.MAN Energy Solutions has won the contract to design and deliver an LNG regasification terminal for the Forchem company in Rauma. Forchem, an innovative and industry-leading company producing chemical and Animal feed products from tall oil, has chosen to convert the boiler for generating steam for the refinery processin to natural gas/ bio-gas. MAN Energy Solution will deliver a tailor-made installation, including offloading skid for LNG trailers…

Photo Credit:  Odfjell

Odfjell: Chemical Tanker Market Remains Stable

Odfjell SE has reported its results for Third Quarter 2018. The results reflect a stable chemical tanker market and stable underlying results from Odfjell Terminals when adjusting for the Rotterdam terminal.Odfjell SE reports EBITDA of USD 32 million compared with USD 37 million in the previous quarter.Highlights for the third quarter of 2018:• EBITDA of USD 27 million from Odfjell Tankers compared to USD 28 million in second quarter• ODFIX was down 2.0% for the quarter compared…

Image: TOP Ships

TOP Ships Signs New TC with BP

Greece-based ship-owning company TOP Ships announced that it has agreed a new time charter employment contract for 2 years with BP Shipping Ltd for its product/chemical tanker M/T Eco Revolution.The international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, said in a press release that the new time charter will commence in January 2019 immediately after the expiry of the present…

Photo: Ardmore Shipping

Ardmore Shipping Partners With SEDNA

Product and chemical tanker operator Ardmore Shipping has chosen SEDNA as its new email management and team collaboration platform for their global commercial desks, including operations, chartering and commercial finance teams.According to Ha Eun Ruppelt, Ardmore Shipping’s Commercial Project Manager, the decision to choose SEDNA began with the organization’s commitment to achieving the same high standards of efficiency and operational performance in its commercial activities…

The Minister of State for Road Transport & Highways, Shipping and Chemicals & Fertilizers, Mansukh L. Mandaviya. Photo: PIB, Govt of India.

Number of Indian Seafarers Jump by 42.3%

The number of seafarers in India has seen an unprecedented growth of 42.3% due to various policy level changes brought in by the Government in the last four years, said a Minister in India.According to Mansukh Mandaviya, Minister of State for Shipping, Road Transport & Highways, Chemical & Fertilizer, from 108,446 seafarers in 2013, India now has 154,349 seafarers. India now provides 9.35% of the global seafarers and ranks 3rd in the list of the largest seafarer supplying nations in the world.At present, there are 17 lakhs seafarers globally including the 154,349 Indian seafarers.

Harald Solberg (Photo: Norwegian Shipping Association)

A New Age for Norwegian Shipping

It’s about more than maritime. Harald Solberg, CEO of the Norwegian Shipping Association, sees a world of opportunity from his office overlooking Oslo. Here he talks markets, innovation, ocean developments, and even rubbish. Norway, he believes, has a leading role to play.Harald Solberg is 42, but looks younger. Hearing him outline a career that has so far taken in politics, media, the Norwegian Royal Palace, and, of course, shipping, is a little surreal. For a moment one wonders who he’s talking about – his boss…

‘Pink Lady’ (Photo: Port of Hamburg)

‘Pink Lady’ in the Port of Hamburg

ONE container shipping group’s first containership in novel magenta livery calls in HamburgWith her striking magenta color design, she’s a real eye-catcher in the Port of Hamburg. With a length of 320 meters and slot capacity of 8,102 TEU (20-ft standard Containers) Ocean Network Express – ONE shipping group’s ONE Continuity may not be among the biggest containerships ever seen in the Port of Hamburg, but her unorthodox color scheme has everybody staring and cameras clicking.Jan Holst…

Pic: WorleyParsons

Jacobs Sells ECR Division to WorleyParsons

Australia's WorleyParsons has entered into a binding agreement to acquire US contractor Jacobs Engineering's  Energy, Chemicals & Resources (ECR) division, a leading global technical services provider across Hydrocarbons, Chemicals and Mining & Minerals.ECR has a global footprint with long-term, blue-chip relationships in key strategic markets, most notably the US, Canada, the Middle East and India. The business has more than 30,900 employees in 27 countries.Jacobs ECR is ranked number one globally for its delivery of complex petrochemical and chemical projects…

Pic: Port of Antwerp

Antwerp Port on Track to Sixth Record Year

Throughput continues to register growth in the Port of Antwerp. After record semi-annual figures, the total throughput after nine months stands at 177,026,550 tonnes – a sharp 6% increase compared with the same period last year.A press release from the company said that with these results, the port seems to be on track for the sixth record year in a row. The recent wave of investments moreover confirms the port’s appeal and reaffirms its role as a world player.Container traffic registered robust growth yet again, up by 7.1%  (98,436,773 tonnes) compared with the first nine months of 2017.

Image: Port of Amsterdam

Port of Amsterdam to Build Europe’s Biggest Hydrogen Cluster

Nouryon (formerly AkzoNobel Specialty Chemicals), Tata Steel and the Port of Amsterdam have joined together to study the feasibility of a large green hydrogen cluster in the Amsterdam region.According to a press release, the three parties consider green hydrogen as vital for reaching climate targets and building a more circular economy, for example by combining it with emissions from steel manufacture to make new products.As a first step, the parties will study the feasibility of a 100 megawatt water electrolysis facility to produce up to 15…

Image: Port of Antwerp

Antwerp Port on Track to Record Sixth Year

Belgian port Antwerp said that throughput continues to register growth in the port. After record semi-annual figures, the total throughput after nine months stands at 177,026,550 tonnes – a sharp 6% increase compared with the same period last year.With these results, the port seems to be on track for the sixth record year in a row. The recent wave of investments moreover confirms the port’s appeal and reaffirms its role as a world player.Maritime throughput continues to grow.

(Photo credit: Paul Magyar)

​​​​US-flag Cargo Movement on Great Lakes Dips 8%

U.S.-flag Great Lakes freighters (lakers) moved 9.26 million tons of cargo in September, a decrease of 8.3 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. The September float was also 6.6 percent below the month’s five-year average.Iron ore cargos for steel production totaled 4.7 million tons, a decrease of 3.5 percent compared to a year ago, LCA said.Coal loads totaled 1.25 million tons, a decrease of 33 percent compared to a year ago. Shipments of aggregate…