News

Old ships hamper Stealthgas profitability - 24/11/2014

Stealthgas has reported third quarter revenues of $31.2m, up 5% on last year, and net income of $1.6m, down from $4.1m a year ago.

Tanknology, OPW combine in China - 22/11/2014

Tanknology has established a strategic alliance in China with OPW’s Asia-Pacific business unit.

Tanknology expands inspection services - 22/11/2014

Tanknology Inc has created a new operating unit focused on tank inspection.

BW LPG improves but disappoints - 20/11/2014

BW LPG has reported EBITDA of $108.8m for the third quarter, up from $42.0m last year, with timecharter equivalent earnings of $159.2m more than double the $75.9m posted for third quarter 2013.

Schütz grows in Poland - 20/11/14

Schütz has begun constructing a new factory in Zory, 35 km south-west of Katowice in Poland, for the production and reconditioning of IBCs.

ACC, NACD promote responsibility together - 20/11/14

ACC and NACD have signed an MOU stressing the importance of implementation of their mutual industry performance programmes, Responsible Care and Responsible Distribution.

RSC gets 20-year extension - 18/11/14

The Port of Rotterdam has granted the RSC Rotterdam rail terminal a new 20-year lease.

Weather risk for VLGCs - 18/11/14

The strong market for VLGCs this year has been underpinned by rising LPG exports from the US but Drewry Maritime Research warns that export volumes could fall sharply over the winter if the weather continues to be cold in North America.

Stainless combo first in chemship construction - 17/11/14

The first chemical tanker to use a combination of duplex stainless steel and stainless clad steel in its cargo tanks has been delivered by Usuki Shipyard in Japan.

Bad quarter for JL - 14/11/14

J Lauritzen has posted very weak results for the third quarter, with a negative EBITDA of $2.1m some $11.2m below the year-earlier position.

Suretank takes over in China - 13/11/14

Suretank has taken full control of Zhongshan Zhonghua Tank Containers Ltd, in which it has been a majority shareholder since 2010.

LNG-fuelled breakthrough for Sabic, Anthony Veder - 13/11/14

Anthony Veder is today holding a naming ceremony for two new LNG-powered ethylene carriers.

Not Otherwise Specified

  • To the point

    It’s an odd aspect of the dangerous goods sector: many DG experts aren’t necessarily trained in chemistry. Rather, then fall into it from the logistics or legal side.

  • Spark up some cigs

    If you talk to regulators, they may well tell you that they struggle to keep up with the hazards posed by new technologies. Lately that has meant power storage systems in particular. 

  • Headline of the month

    Nothing to do with hazardous materials but it grabbed our attention: ‘US police detain giant tortoise after brief chase’.