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Chemicals & Energy: Page 128

Freight Rates in Ocean Transport of Liquefied Natural Gas Come Under Pressure

LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilising LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet, there are immediate challenges on freight rates. This is due to 49 million tonnes per annum (mtpa) of Australian LNG cargo supply expected to hit the market over the next two years, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.

Over Next Two Years, Growth in Crude Oil Tanker Capacity to Affect Rates

A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.

Chemical Tanker Shipping Market Strong Enough to Utilize New Vessel Deliveries

The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.

NFC Labeling Solution Targets Chemical, Pharmaceutical Companies

Flexstr8, a smart-label start-up based in El Segundo, Calif., has released a near field communication-enabled labeling solution for on-demand printing of labels that link NFC readers to data about the labeled products.

Managing a Terminal That Operates at the Speed of Oil

Marquis Management was hit with a huge, sudden influx of crude oil shipments at its terminal on the Mississippi River. The company scrambled to find a planning and execution system that could cope with the surge of business.

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Manufacturing and Conflict Minerals

Tin, tungsten, tantalum and gold, also known as 3TG, are essential for manufacturing in a number industries, including electronics, jewelry, industrial manufacturing, automotive and aerospace.

Natural Gas Stations Predicted to Reach Almost 39,000 Over Next 10 Years

The total number of global natural gas refueling stations is expected to grow from 23,001 in 2015 to 38,887 in 2025, according to a Navigant Research report.

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Industrial Biomanufacturing Moves Forward With Fits and Starts

Hope and expectation surround the chemical industry's increasing adoption of biotechnological manufacturing - but today, their lengthy development times and complex processes mean frustration is a major byproduct.

Why Natural Gas Isn't the Instant Solution to Truck Pollution

So you think natural gas is the answer to reducing pollution from commercial trucks? Not so fast.

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Consortium Claims Progress in Improving Ability to Recycle Flexible Packaging

Axion Consulting, Dow Chemical, Nestlé, Unilever and other global companies say they have made "significant" progress in a project that aims to improve the recyclability of flexible packaging.

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North American Chemical Industry Experiencing Once-in-a-Generation Renaissance

The growth rate of the large and diverse chemical industry in North America tends to track GDP, but a confluence of factors is expected to accelerate the industry's growth relative to the overall economy during the next five to ten years. By the end of this period, the U.S. - representing more than 80 percent of the North American chemical market - will be a larger net exporter of chemicals than it is today.

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Chemical Industry Expresses Safety Concerns With Use of Drones

Thanks to advancing capabilities and greater accessibility, the use of drones is continuing to increase. In fact, global drone sales reached $4.3m in 2015, a 167-percent jump from two years ago. This surge should come as no surprise as people find more and more useful ways to put drones to work.

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