Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially medium range (MR) vessels, will decline due to the impact of falling clean petroleum products (CPP) freight rates, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the current orderbook, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.
There isn't a single person in the plastics industry who hasn't been regularly bombarded with concerns from all sides about the environmental costs of plastic production and use. But a new study takes some of the sting out, finding the environmental cost of using plastics in consumer goods and packaging is nearly four times less than replacing plastics with alternative materials.
Chemicals contribute to a significant portion of all American exports. According to the American Chemistry Council, the chemicals industry accounts for 12 percent of exports at a value of about $189 billion.
Thoma Bravo LLC, a private equity investment firm, has completed its acquisition of Elemica, provider of a supply-chain operating network for the process industries.
Wal-Mart is one of the nation's largest private energy consumers, having to power millions of square feet of store space. So when the Obama administration wanted to cut energy bills for the Air Force - which consumes more energy than any other U.S. agency - it turned to the person who had led similar efforts at Wal-Mart for six years.
The numbers are in and all signs point to a future saturated with business-to-business (B2B) e-commerce sales. Following in the footsteps of its business-to-consumer (B2C) cousin, B2B e-commerce is quickly becoming the shopping and purchasing method of choice for a wide range of buyers - including customers in the electrical industry.
Mergers and acquisitions activity in the first half of 2016 fell by 26.6 percent compared to the same period last year, and the decline was a whopping 66.8 percent when compared to the second half of 2015, data compiled by Mergermarket showed.
The latest supply-chain news, analysis, trends and tools for executives in the chemicals and energy industries. Learn how chemical and energy companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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