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NEWS BULLETIN
TANKS & LOGISTICS
SWEET FOR STOLT
Stolt Tank Containers (STC) has reported third-quarter operating profit of $24.7m, almost double that of the previous quarter and well up on the $17.5m posted for the same period last year. The increase was partly due to an improvement in rates, up 12.6 per cent compared to the prior quarter, and a substantial 45 per cent increase in demurrage revenue driven by port congestion, operational delays and other supply chain disruptions. “Stolt Tank Containers’ markets continue to show strength with rising freight rates and higher demurrage revenue compensating for the rising costs,” notes Niels G Stolt-Nielsen, CEO of parent company Stolt-Nielsen Ltd. “Even though we are operating under very challenging circumstances due to tight ocean liner capacity, a shortage of truck drivers and port congestion, we are able to pass on the additional costs and improve margin per shipment.” www.stolttankcontainers.com RHENUS ADDS IN INDIA
Rhenus has opened a new multi-user chemical warehouse in Chennai, India, with 10,200 m2 of storage space. The facility, approved by India’s Pollution Control Board, has good links to nearby ports and industrial hubs and will serve as the main Rhenus distribution location for chemical customers throughout southern India. “The new warehouse, built with world-class Rhenus infrastructure, is our latest step in offering broad-based logistics support in India,” says Marcus Fornell, director of contract logistics at Rhenus India. “By offering safe and reliable storage of general and chemical cargo, we are confident to provide well-managed and tailor-made storage solutions for our customers and continue to maintain our leadership position in handling chemical logistics.” www.rhenus.group
HCB MONTHLY | NOVEMBER 2021
MILKYWAY INTO SHANGHAI
Milkyway Chemical Supply Chain Service has acquired Shanghai Ling Xing Hazardous Chemicals Logistics, which operates a significant chemical logistics facility in the Shanghai Chemical Industry Zone. The acquisition plugs a gap in Milkyway’s service offering in the Zone, which is home to a wide range of international chemical manufacturers. Shanghai Ling Xing was founded in 2009 as part of the Bailian Group and offers bulk storage, packaging and transport of dangerous goods. It has 1,460 m2 of Class A warehouse space, 9,900 m3 of storage tank capacity and six drumming lines, with an annual design throughput of 137,600 tonnes. www.mwclg.com BIG JOB DONE
Jobachem has completed the expansion of its chemical warehouse in Dassel, in the German region of Lower Saxony. The €2m investment has added 1,800 m2 of impermeable concrete flooring and a covered area for the filling, refilling and mixing of hazardous chemicals. The site now offers some 8,500 m2 of storage
for chemicals, which responds to increasing demand for such capacity in the region while also allowing the company to respond to customer-specific requirements. jobachem.de FREEDOM FOR OURAY
Ouray Environmental has partnered with Freedom Intermodal Tank Services to expand the latter’s transloading capabilities at its New Orleans facility to include regulated and hazardous materials. The partnership will allow Freedom to offer a wide range of liquids and gas transfer operations, including drums, intermediate bulk containers (IBCs), tank containers, road tankers, rail tank cars and barges. Freedom’s site offers multi-line rail access, direct water access to the Mississippi River and Gulf of Mexico, and more than 60 rail tank car loading locations. “Our partnership with Ouray will provide real solutions to the ongoing driver shortage our industry is facing,” says Jeff Louis, president/CEO of Freedom’s owner, TCI Tank Logistics. “Bringing our clients’ cargo closer to the end user will maximise driver productivity
