The business of American chemistry expanded 3.6 percent in 2015 despite global headwinds that included a strong appreciation of the U.S. dollar and a weakness in several key global markets.
Iran, seeking to triple petrochemicals production capacity within a decade, presented about 60 projects to potential investors at an event with international companies, including BASF SE, the world's largest chemical company by market capitalisation.
The global herbicide market was $22.19m in 2014 and is estimated to reach $31.84m by 2020, at a CAGR of 6.2 percent for the forecasted period, according to a report from Research and Markets.
Retailers, manufacturers and farmers worldwide are protesting a new marine shipping safety rule they say will raise transport costs and cause delays at ports worldwide.
The U.S. is expected to change from a net importer of natural gas to a net exporter, with those exports destined for different regions of the world, especially Asia. It's a development that could see the nation building 100 new ships, a prospect that the Government Accountability Office says could take 30 years.
LPG shipping rates are expected to decline from the second half of 2016 as a bloated orderbook for VLGCs - very large gas carriers - fuels fleet growth that will far exceed shipping demand, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
Tanker shipping rates are set to decline from current highs in 2016 as the trade in crude oil is forecast to decline due to ample stocking, and the fleet is expected to expand briskly, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
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