• 2017 November 22 08:30

    INEOS to deliver first ever US ethane from shale gas to China in 2019 using world’s largest ethane carrier

    INEOS has announced a long-term supply agreement with SP Chemicals to deliver ethane from US shale gas to China. The agreement, which will see US shale gas shipped to China for the first time, will supply SP Chemicals with a long-term competitive supply of ethane for its industrial production, Evergas said in its press release.

    The deal will involve the construction of a 95,000cbm capacity ship which is expected to be delivered in 2019. The ship, known in the US as a ‘Very Large Ethane Carrier’ or VLEC will be the largest ethane carrier in the world, and will ship US shale gas to SP Chemicals new gas cracker facility, currently under construction in Taixing China. As with the INEOS Dragon ships, this vessel will be operated by EVERGAS. It will be the first VLEC in their fleet of 23 gas ships. The ship will be built in China under the management of the JACCAR Group.
    About INEOS
    INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 25 businesses each with a major chemical company heritage. Its production network spans 105 manufacturing facilities in 22 countries throughout the world, employing 18500 people. INEOS products make a significant contribution to saving life, improving health and enhancing standards of living for people around the world. Its businesses produce the raw materials that are essential in the manufacture of a wide variety of goods: from paints to plastics, textiles to technology, medicines to mobile phones – chemicals manufactured by INEOS enhance almost every aspect of modern life.

    About SP Chemicals
    SP Chemicals is the largest ion-membrane chlor-alkali manufacturer in Jiangsu Province, and the fourth largest in the PRC, with annual revenues of more than RMB6 billion. SP Chemicals currently employs more than 1,200 employees. SP Chemicals manufactures chlor-alkali products and related downstream products, with annual production capacities of 750,000 tons per annum (“tpa”) for caustic soda, 660,000 tpa for chlorine, 135,000 tpa for aniline, 500,000 tpa for VCM, and 320,000 tpa for styrene monomer. SP Chemicals sells mostly to customers who are based in Jiangsu, Zhejiang and Shandong provinces, as well as Shanghai. SP Chemicals also exports its products to the USA, Australia, Japan, and Korea. SP Chemicals’ customers include multinational corporations, such as BASF and Akzo Nobel, and PRC state-owned and private enterprises, in a diverse range of industries – such as petrochemicals, textiles, paper, consumer goods, plastic polymers, rubber, dye, and pharmaceuticals.

    About JACCAR Group
    JACCAR is a maritime conglomerate operating more than 500 vessels and led by Jacques de Chateauvieux. The group controls Bourbon, a world leader in the offshore service sector. The group has invested heavily in vessel construction in China and have taken delivery of over 250 vessels from own yard. Primary focus of the group is within the oil & gas industry.

    About EVERGAS
    Evergas is a leading first class operator within the transportation of liquefied gas, ensuring safe and flexible operations for its range of customers. Its modern and effective fleet is represented within the carriage of LNG, ethane, LPG and petrochemical gases such as ethylene, propylene, butadiene and VCM. Evergas currently transports ethane for INEOS from US to Europe on 8 advanced multi-gas carriers.

2018 March 22

18:18 Global fuel market to remain relatively stable next week, expert says
18:03 Port of Klaipeda (Lithuania) handled 7.25 million tonnes of cargo in 2M'18, up 6% Y-o-Y
17:45 Transas to return all funds received under state support programme in 2016-18
17:12 Germany based firm offers AIS vessel management tracking systems preventing IUU fishing
16:51 Investments of Tuapse Sea Commercial Port in production development totaled RUB 343 million in 2017
16:30 Rolls-Royce completes the £1.3 million MAXCMAS research project
15:59 Nitrogen deposition in the oceans needs further study
15:30 Acta Marine newbuild successfully completed sea trials
14:30 APL starts new India Pakistan Express 2 Service
14:04 RF Transport Ministry defines procedure for approval of widespread minerals production at Russia’s IWWs
13:33 Open simulation platform launches with new partners
13:12 Volga Shipping Company named “Industry Leader” in “Cargo Shipping Company” nomination
12:58 Wärtsilä Seals & Bearings joins the Green Award scheme in support of clean environment
12:48 WMU Board of Governors meets in Turkey
12:25 MAN Diesel & Turbo partners with Hyundai to build new test-engine facility in Ulsan
12:00 Workshop on prevention and control of shipping and port air emissions being developed as part of GloMEEP-IAPH partnership
11:36 19 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 21-22
11:21 Russian Trade and Economic Development Council sign MoU to further strengthen commercial ties with Abu Dhabi Ports
11:14 Bunker prices are flat at the Far East ports of Russia (graph)
10:53 The Maritime Standard announces a special discount for the 2018 Awards
10:27 Brent Crude futures price up 0.01% to $69.48, Light Sweet Crude – up 0.09% to $65.23
10:05 Ukraine’s water transport carried 1,000 passengers in 2M’18, down 64.7%, Y-o-Y
09:41 Cargo transportation by Ukraine’s water transport grew by 41.2% to 0.3 million tonnes in 2M’18
09:19 Baltic Dry Index down to 1,117 points

2018 March 21

18:29 Wight Shipyard wins second order for fast ferry duo from Mexican ferry operator
18:16 Dorian LPG announces third Japanese financing
18:14 GasLog Partners LP announces acquisition of GasLog Gibraltar for $207 million and repayment of intercompany loan
18:04 ABP South Wales achieves new ISO 9001:2016 standard for bulk handling operations
17:42 Port of Gdansk to breathe new life into Dworzec Drzewny Quay
17:20 ABB wins contract to equip two next-generation shuttle tankers with future-proof solutions
17:13 Finnlines decides to exercise the options to lengthen two more ro-ro vessels
17:03 Throughput of Chinese ports up 4.7% to 1.45 billion tonnes in 2M’18
16:39 Pavel Bezmaternykh elected as Director of Eastern-Siberian Inland Navigation Company
16:18 Port of Gdansk overhauls its quays
16:00 Novikombank provides a $100 million loan to STLC
15:47 Huntington Ingalls names two vice presidents
15:21 Gulf Island Fabrication secures contracts for two specialized vessels
15:04 Seatrade Maritime Middle East 2018 to be held in Dubai on 29-31 October as part of UAE Maritime Week
14:42 LUKOIL’s profit in 2017 more than doubled YoY to RUB 418.8 bln
14:23 Wärtsilä and Crowley extend maintenance agreement for 11 articulated tug barges
13:56 IMO launches a video outlining how GMN initiative is uniting MTCCs into a global network
13:29 Ulstein built SOV Acta Auriga completes sea trials
13:11 Dubai will host MARACAD Maritime Innovation Awards on 3 October 2018
13:02 MARACAD 2018 will be held in Dubai on 2-3 October
12:30 17 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 20-21
12:09 Port of Quebec to cooperate with Port of Zeebrugge
11:47 Port of Immingham and partners hosted Driving Safety Forward forum
11:39 Vostochny Port JSC exported 5 million tonnes of coal YTD (photo)
10:50 Claimants and defendants in the case on allision of Delta Pioneer tanker with a pier at Primorsk port come to amicable agreement
10:31 Finnlines plans to lengthen two more Ro-Ro ships
10:15 Brent Crude futures price up 0.24% to $67.58, Light Sweet Crude – up 0.25% to $63.7
09:51 ABP's Port of Ayr took delivery of Liebherr crane
09:44 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:17 Baltic Dry Index down to 1,122 points
08:08 Scottish ports secure AEO status for Leith, Rosyth and Grangemouth
00:32 Ontario Government accepts Damen proposal for full ferry electrification

2018 March 20

18:20 Sirius Petroleum announces delivery of compact well head systems for Ororo-4 and Ororo-5
18:02 Leningrad Region Governor visits Vyborg Shipyard
17:56 PSA’s Bharat Mumbai Container Terminals enhances Nhava Sheva connectivity with first barge and train volumes
17:40 Van Oord posts results for 2017