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Chemicals & Energy: Page 134

UPS Extends Special Commodities Program to 20 Destinations
UPS has expanded its International Special Commodities (ISC) program with the addition of 20 destinations.
Safety Guidelines Issued for Reusing Plastic Packaging for Food, Perishable Products
The Reusable Packaging Association has issued comprehensive protocols to ensure the continued safe use of reusable plastic containers (RPCs) for fresh and perishable products in the supply chain. The guidelines encompass washing, handling, storing, packing, displaying and collecting RPCs. They also include rigorous and defined Hazard Analysis & Critical Control Points (HACCP), and hourly, daily, monthly, and quarterly microbiological testing.
Plastic Pkg 1
Rates Expected to Continue to Drop This Year in Chemical Tanker Shipping
Chemical tanker shipping faces another challenging year of falling freight rates in 2015, but the trade is expected to recover next year, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
Revenue Decline 2
Betting Big on Natural Gas, Dow to Invest $6Bn in Expanding Its U.S. Manufacturing Plants
Dow Chemical is investing $6bn to enlarge its manufacturing facilities in the United States by 40 percent, based on a wager that low natural gas prices here will persist into the middle of the next decade, a Dow executive said recently.
Natural Gas 1 03
Despite Somewhat Gloomy Forecast by Some, LPG Shipping Demand Continues to Be Robust
LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
Ocean Transport 1 17
Lubricants Market to See Nearly 2 Percent Growth Through 2020, Study Finds
The global lubricants market is estimated to reach a demand totaling 44,165 kilo tons by 2020, up from 39,140 kilo tons in 2013, according to a report from Transparency Market Research. The increase is based on growth rates of 1.72 percent between 2014 and 2020.
Revenue Growth 12
Cap on Sulfur in Ocean Shipping Fuel May Be Instituted Five Years Ahead of 2025 Deadline
The International Chamber of Shipping says that the shipping and bunker refining industries should recognize that the global 0.5-percent sulfur-in-fuel cap, currently set to go into effect in 2025, may be implemented worldwide by 2020.
Oil Tanker Shipping 'Bonanza' Threatened by Increased Vessel Orders, Report Says
A steep rise in vessel orders risks bringing the recent bonanza in oil tanker shipping to an abrupt end, according to the latest edition of the Tanker Forecaster, published by shipping consultancy Drewry.
Limited Number of Supertankers Affects Oil Sales to Asia
The window to sell Western fuel oil to Asia is starting to close as demand for a limited fleet of supertankers to store cheap crude pushes freight rates to multi-month highs, shipping and trade sources said.
Oil 1 02
Recycling Efforts Fail to Keep Up with Growing Worldwide Demand for Plastics, Report Finds
For more than 50 years, global production of plastic has continued to rise. Some 299 million tons of plastics were produced in 2013, representing a 4 percent increase over 2012. Recovery and recycling, however, remain insufficient, and millions of tons of plastics end up in landfills and oceans each year, according to Gaelle Gourmelon, communications and marketing manager at the Worldwatch Institute.
Environmental 2 01
Chemical Industry Advised to Make Big Changes, Harness Digital Technologies
Chemicals companies can no longer afford to be passive about restructuring their business models or technological transformations.
Fueled by Cheap Natural Gas, Reshoring Predicted to Continue, But Pace Is Expected to Slow
Manufacturers typically evaluate seven critical areas when it comes to operational decision making: transportation and energy costs; market demand for their products; rising labor costs in China and other developing nations; access to talent, tax and regulatory policies; availability of capital; and currency trends.
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