• 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 July 17

18:24 North P&I Club and 24Vision ink partnership agreement
18:07 Lockheed Martin awarded Navy's contract worth more than $450 million in FMS funding for MMSC project
17:55 TransContainer announced its operating results for the second quarter and the first half of 2018
17:27 Equinor buys shares for use in the group's Share saving plan
17:11 Vigor Marine LLC gets Navy's contract for USNS Mercy mid-term availability
16:56 Okskaya Sudoverf puts into operation Belmax 4, fourth non-self-propelled barge of Project ROB20
16:34 Prosafe awarded important contract in Brazil
15:47 Orsted opts for Tekmar's CPS for Borssele 1 and 2 offshore wind farm projects
15:28 Port of Rotterdam places a bee colony in the port area
14:44 Baltic Ports Conference 2018 will focus on financing, economy and energy supply
14:23 Jan De Nul launches ultra-low emission vessel Diogo Cão in China
13:41 Severnaya Verf will lay down a longline factory vessel Gandvik-1 on July 20
13:16 Tidewater and GulfMark to combine to create global offshore leader
12:48 Containership MOL Truth earned 'Ship of the Year 2017'
12:19 15,000 TEU container ship “Afif” named in London Gateway
11:27 Huntington Ingalls begins post-delivery work on USS Gerald R. Ford (CVN 78)
11:17 Boskalis secures contract of total value of $65 million
10:53 Fuel oil prices are flat at the Far East ports of Russia (graph)
10:29 ABS to class FSRU for Turkey’s oil and gas distributor
10:00 Brent Crude futures price up 0.28% to $72.04, Light Sweet Crude – down 0.01% to $67.06
09:14 Baltic Dry Index up to 1,695 points

2018 July 16

18:31 APL adds port calls to West Asia Express Service
18:16 Diana Shipping announces signing and drawdown of a US$75M Term Loan Facility with BNP Paribas
17:55 Director Kopczynska addresses WMU students and faculty on maritime Europe
17:40 Great Lakes announces receipt of $70 million San Jacinto award
17:33 Bollinger Shipyards commits USCG icebreaker program to Florida
17:31 New vehicle terminal announced at the Port of Southampton
17:18 Hapag-Lloyd hikes rates for East Asia-Arabian Gulf trade
17:08 ING Bank signed a USD 80 million syndicated loan agreement with NIBULON
16:43 Minimum training standards for fishers under review
16:25 USCG rescues 7 people from capsized boat near Horn Island
16:20 Port of Antwerp sets new records with best half year ever
15:56 Freeport of Riga showed good growth in the first half of 2018
15:32 Maersk Drilling secures two contract extensions in the North Sea
15:19 Container throughput of port Hong Kong (China) down 3.6% to 9.88 million TEUs in Jan-June’18
15:03 Van Oord will acquire MPI Offshore
14:44 Average wholesale prices for М-100 HFO down to RUB 17,589 in RF spot market
14:35 Wärtsilä to assist Transocean with thruster maintenance optimisation and dry-docking cost reductions
14:25 Jan De Nul Group acquires part of MPI’s offshore business unit
14:11 Fednav accepts delivery of MV Federal Dee, its 60th owned vessel
13:46 Eastern Shipbuilding inks contract with Bisso Offshore for RApport 2400 Ship Handling Tug duo
13:27 Azerbaijan Caspian Shipping Company’s fleet is involved in a new international project
13:07 Court dismisses EUR 9 million claim against Armada Seismic Invest II AS
13:06 Hong Kong will host ShipTek Ship Owning & Ship Management Conference & Awards on 30 August 2018
12:48 Marine Recruiting Agency takes on a project of training crane specialists in Estonia
12:23 SEACOR Holdings announced that it favors a business combination of Dorian LPG LTD. and BW LPG Limited
12:02 IMO head highlights key maritime issues during trip to China
11:25 Fincantieri contracted to build LNG-fueled pair for TUI Cruises
11:01 Baltic Dry Index up to 1,666 points
10:44 Brent Crude futures price down 0.5% to $74.96, Light Sweet Crude – down 0.64% to $69.5
10:25 Mexico benefits from IMO training on port security
10:02 IMO held port emissions training for Argentina
09:52 CMA CGM's FAK rates for Asia to Red Sea trades
09:40 Bunker sales at the port of Singapore in HI’18 up 1.7% Y-o-Y to 25.35 million tonnes
09:18 Port of Singapore throughput in HI’18 grew by 0.8% Y-o-Y to 312.79 million tonnes

2018 July 15

11:24 MAN Energy Solutions ready for SMM 2018
10:43 CMA CGM informs of FAK rates from the Indian Subcontinent to North Europe and the Mediterranean

2018 July 14

12:40 CMA CGM announces GRR for Far East to East Africa trade
11:41 ABP: Container terminal operation expansion to meet growing demand
10:14 Navtek selects Corvus Energy to provide battery for the world's first all-electric tug