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Wednesday, March 20, 2019

Chemicals News

Image: Organisation for Economic Co-operation and Development

Fakes Make Up 3.3% of Global Trade

Trade in counterfeit and pirated goods, mostly originated in China, has risen steadily, posing a major challenge in an innovation-driven global economy, revealed a new study.Trade in counterfeit and pirated goods has risen steadily in the last few years – even as overall trade volumes stagnated – and now stands at 3.3% of global trade, according to a new report by the Organisation for Economic Co-operation and Development (OECD) and the EU’s Intellectual Property Office.Trends…

File Image: an aerial view of the port of Houston petrochemical refining complex. CREDIT: AdobeStock / © Irina K

Air Quality Monitored as TX Tank Blaze Rages

Houston officials and environmental groups raced to expand air monitoring on Tuesday after a raging fire at a Mitsui & Co petrochemical storage site produced billowing acrid smoke that could be seen and smelled miles away.The blaze at Mitsui unit Intercontinental Terminals Co in Deer Park, Texas, burned for a third day after firefighting water pumps broke down for six hours on Monday evening, the company said.The fire began on Sunday when a leaking tank containing volatile naphtha ignited and flames quickly spread to nearby tanks…

Pic: Navig8 Chemical Tankers Inc.

Navig8 in Sale, Leaseback Pact with China Bank

Navig8 Chemical Tankers  entered into sale and leaseback agreements with ICBC Financial Leasing for four ships.The tanker company focuses on the maritime transportation of Chemicals worldwide said in a press release that the net proceeds from the transaction of four of the Company’s IMO2 37,000 DWT Interline coated tankers  were $94,710,000.A portion of the proceeds was utilized to repay existing loans used to finance the Vessels’ newbuilding contracts under the multi-bank loan facility announced by the Company on February 3…

Pic: Maersk

India Box Trade Grew 6% in Q4 2018: Maersk

India’s containerised trade with the world has grown steadily, recording an overall import-export trade growth of 6% according to the Q4 2018 trade report released by Maersk, the world’s largest container shipping company.Increasing demand for refrigerated cargo from India coupled with improved trade relations with China with introduction of favourable trade policies, has driven exports to grow a healthy 3% in Q4.The demand for India-made goods such as vehicles, cereals and rice…

Photo: NYK

NYK Bags Environment Award

Tokyo-headquartered shipping and logistics company Nippon Yusen Kaisha (NYK) has received the Ministry of Environment Award in the Japan Green Innovation Department at the Japan Green Bond Awards sponsored by Japan’s Ministry of the Environment, which is promoting green bond to address environmental issues.A ceremony was held on March 1 and attended by Katsuya Nakano, general manager of NYK’s Finance Group, said a release from the global transportation company.The Japan Green Bond Awards recognize outstanding initiatives in the issuance of green bonds…

Pic: Toronto Tank Lines

TFI Buys Toronto Tank Lines

North American transportation and logistics player TFI International has announced the acquisition of Toronto Tank Lines (TTIL).Acquisition strengthens TFI’s logistics and specialized tank capabilities throughout North America, said a press note.Founded in 1993 and based in Hamilton, Ontario, TTL specializes in the transportation and storage of food grade liquids, industrial chemicals, specialty oils and waxes throughout Canada, the United States and Mexico.TTL operates storage facilities and a fleet of approximately 75 tank trailers and 45 power units…

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…

Photo: Haifa Port Company

Haifa Port Co. Logs Record Year

Following the Port Reform Agreement that was signed on December 2018 - Haifa Port Company, the operator of all current terminals in Haifa Port, reports a total throughput of 26,264,000 metric tons and 1,464,000 TEUs in 2018, and it continues to be the largest and leading port in Israel in total cargo handling.Haifa Port Company said the 26.264 million metric tons represents a 1% increase over last year, and cargo distribution includes: Containers – 60%; Oil – 17%; Grains – 11%…

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…

(Photo: Coast Guard Netherlands)

MSC Starts Clean up in Dutch Waters after Container Spill

MSC has started cleaning up Dutch sea waters, 10 days after it lost nearly 300 containers from one of its largest cargo vessels in a storm."The clean up will likely take months," Dutch water authorities spokesman Edwin de Feijter said. "The largest part of the debris has been located, but there are still parts missing."291 containers, some holding hazardous chemicals, fell off one of the world's largest container ships, the MSC Zoe, on Jan. 2 in German waters near the island of Borkum during a North Sea storm.Two salvage ships left the harbor at IJmuiden…

Abdullah Aldubaikhi represents the Middle East and North Africa region in the Board of the non-for-profit organization committed to promoting effective spill response globally. Photo:  Bahri

Bahri CEO Appointed to Board of ITOPF

Saudi Arabian shipping company Bahri said that its CEO Abdullah Aldubaikhi has been appointed to the board of directors of ITOPF, the world’s largest ship owner organization providing objective advice on effective response to spills of oil, chemicals and other substances in the marine environment.With the organization’s Board including 23 CEOs of major global tanker owners and operators, ITOPF’s efforts are aimed at improving the preparedness and response to spills of cargo and/or fuel from ships around the world.Effective November 8…

Piyush Goyal, Union Minister for Railways and Nitin Gadkari, Union Minister for Shipping. Photo: PIB, Govt of India.

Concor Begins Maiden Coastal Voyage

India has huge potential for enhancing modal share of coastal shipping and inland water navigation. The current share is only 7% unlike countries like China with 24%  and Germany 11%. India looks to tap this segment in a big way.The maiden coastal voyage of a vessel of Container Corporation of India (Concor) was flagged off by Nitin Gadkari, Union Minister for Shipping and  Piyush Goyal, Union Minister for Railways.CONCOR is a public sector unit (PSU) under Ministry of railways. The vessel SSL Mumbai is sailing from Kandla Port to Tuticorin via Mangalore and Cochin.

Pic: Port of Montevideo

UPM to Invest in Montevideo Port Terminal

Finish forest company UPM is taking part in the international public tendering process in the port of Montevideo organized by the National Ports Administration (ANP) of Uruguay.The scope of the concession tender is the building and operation of a port terminal specialized in the storage and shipping of pulp, chemicals and other inputs related to pulp production with a capacity to handle approximately 2 million tonnes of pulp annually. The tender includes the design, financing, engineering, construction, operation and maintenance of the pulp terminal.

Pic: Port of Amsterdam

Record Transshipment at Port of Amsterdam in 2018

Port of Amsterdam achieved a new transhipment record in 2018 with transhipment totalling 82.3 million tonnes, compared to 81.3 million tonnes in the previous year.Together with the other ports in the North Sea Canal Area, total transhipment consequently amounted to 101.8 million tonnes in 2018, said a press release from the 4th busiest port in Europe by metric tonnes of cargo.This is revealed in the provisional transhipment figures announced today. Transhipment in IJmuiden rose by 1% to 18.6 million tonnes. Beverwijk saw transhipment decline by 9% to 0.7 million tonnes.

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…

(Photo: Coast Guard Netherlands)

Dutch Authorities Demand Clean-Up Costs From MSC Line

Dutch authorities will hold Swiss shipping line MSC liable for the cost of cleaning up debris from more than 270 cargo containers that fell off one of its vessels and washed up on shore, officials said on Friday.The Dutch coastguard said a criminal investigation had been launched by prosecutors into the incident, one of the largest of its kind off the coast of the Netherlands.The containers, some holding hazardous chemicals, fell off one of the world's largest container ships…

(Photo: Coast Guard Netherlands)

Chemicals Found on Dutch Beach after Container Spill

A load of dangerous chemicals that fell off one of the world's largest container ships into the North Sea washed up on a Dutch beach on Thursday, and more debris was expected to land overnight, officials said.The Dutch Defence Ministry said the loss of 270 containers from the freighter MSC Zoe on Wednesday, some of them thought to contain hazardous chemicals, was one of the biggest incidents of its kind, they said.It was unclear how many of the containers sank to the sea bottom…

An LNG bunkering bunkering truck at the port of Rotterdam (CREDIT: Port of Rotterdam

No Turning Back

A multidisciplinary Rolls-Royce man is helping LNG’s rise on the water and ashore. For LNG, the future is now.At the heart of Europe’s growing marine supply chain for liquefied natural gas is a man with a degree in anthropology but steeped in engineering and business. Oscar Kallerdahl is Rolls-Royce Marine’s vice-president of LNG systems, and he’s the company’s production, purchasing, engineering and finance lead for getting gas engines aboard vessels.Kallerdahl has 10 years of experience overseeing LNG propulsion projects in Norway and four in Korea.

Pic: NYK Line

NYK Introduces Its Green Bond Initiatives

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK), the first company in the global shipping industry to issue labelled green bonds, presented its initiatives at a seminar conducted by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. in Tokyo.A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects.The importance of environmental, social, and governance (ESG) initiatives is getting a lot of attention in capital markets…

Pic: Navios

Navios Acquisition Completes Navios Midstream Merger

Greece-based Navios Maritime Acquisition Corporation announced that it completed the acquisition of Navios Maritime Midstream Partners. "Following the close of the market on December 13, Navios Midstream common units no longer are publicly traded on the New York Stock Exchange," said a press release from the owner and operator of tanker vessels focusing on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.Angeliki Frangou, Chairman and Chief Executive Officer…

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.

Abdullah Aldubaikhi (Photo: Bahri)

Bahri Targets Acquisitions in Asia, Middle East

Saudi Arabia's Bahri is targeting acquisitions in Asia and the Middle East as the exclusive oil shipper for state energy giant Saudi Aramco seeks to expand its reach, the chief executive said on Wednesday.Bahri is the world's largest owner and operator of very large crude carriers (VLCCs). Saudi sovereign wealth fund the Public Investment Fund (PIF) owns 22 percent of the company and Aramco has a 20 percent stake."We are looking at multiple acquisitions in the Middle East and Asia worth tens of millions of dollars…

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…

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…

GSW Frontier (Photo: Stena Bulk)

Stena Bulk Forms Chemical Tanker JV with Bay Crest Management

Golden-Agri Stena, a joint venture between Sweden based tanker shipping company Stena Bulk and Indonesia’s largest palm oil producer Golden Agri-Resources, has started a new joint venture with Japan's Bay Crest Management for the the operation and commercial management of chemical tankers.The new joint venture, GSB Tankers, will commence operation on January 1, 2019, managing 18 chemical tankers to start, with the aim of managing 30 vessels within the next two years.The joint venture will operate out of the existing premises of Golden-Agri Stena.

(File photo: Port of Houston)

Chevron Eyes Houston Ship Channel for 2nd US Gulf Refinery

Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.The company would like to have refining operations on the Houston Ship Channel, in the western part of the U.S. Gulf, to complement an existing eastern Gulf refinery in Mississippi that makes lubricants and other materials, Pierre Breber, Chevron's head of downstream and chemicals, said."Something on the ship channel side could make a lot of sense for our company…