News

Costs and politics hamper VTG - 04/03/2015

VTG AG has reported increased revenue and profit for 2014, with its railcar division particularly strong.

BW LPG reaps rewards - 03/03/2015

A larger fleet and higher timecharter earnings helped BW LPG to post significant increases in turnover and profits for 2014.

Vopak makes headway - 27/02/2015

Vopak has reported 2014 EBITDA of €763m, in line with expectations and 1% up on the 2013 figure.

Stealthgas takes a hit but makes money - 26/02/2015

Stealthgas has reported revenues of $132.0m for 2014, up 8.6% on the 2013 figure, reflecting growth in its fleet over the past year.

Azelis sale a done deal - 26/02/15

Atlas Holding, the holding company of the Azelis Group, has signed a binding agreement to sell Azelis to funds advised by Apax Partners.

Lauritzen hit by double whammy - 26/02/15

J Lauritzen has reported a net loss of $165.7m for 2014, compared to a loss of $284.6m in 2013. It calls the result “unsatisfactory”, although consistent with “very difficult” trading conditions.

USCG catches up with LNG bunkering - 26/02/15

The US Coast Guard has issued two policy letters providing voluntary guidance on the use of LNG as fuel on ships.

IM Skaugen hit by overcapacity - 26/02/15

IM Skaugen has reported a net loss of $27.1m for 2014 compared to a profit of $18.4m in 2013; its Norgas LPG tanker operation posted a loss of $8.5m, as against a profit of $30.6m in the previous year.

Seasonal slide for Avance Gas - 26/02/15

Avance Gas Holdings has reported an operating revenue of $64.4m for the final four months of 2014.

Brenntag buys again in South Africa - 24/02/15

Brenntag has agreed to acquire Lionheart Chemical Enterprises of South Africa.

Hoyer renews Esso deal in Germany - 24/02/15

The Hoyer group has extended its contract with ExxonMobil Central Europe Holding for another three years.

Better tank cars no better? - 24/02/15

Canada’s Transportation Safety Board has questioned the adequacy of CPC-1232 tank cars, following a February 14 derailment near Gogama, Ontario.

Not Otherwise Specified

  • What’s going on?

    We are constantly surprised at the limits of knowledge displayed by journalists in the non-specialist press. Not only do few seem to understand much about chemicals, but they often lack the curiosity to investigate

  • Poos in space

    While we here at HCB Towers have some sympathy with amateur pyromaniacs, we do sometimes wonder if they’ve gone too far. Our friend Greg Sutherland writes from the US with news of a new rocket launch in Michigan

  • Sustain that

    It must have seemed like a good plan at the time. Pharmaceutical giant GlaxoSmithKline provided a £12m grant to help Nottingham University build a new chemical laboratory.