November 2008 - ICIS Blogs

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MV Fedra grounding at Gibraltar

A fertilizer contact has sent in these spectacular pictures of the MV Fedra running aground at Gibraltar in October. The background music doesn't seem entirely appropriate, and the slide show is a bit slow. Read More...

Published 13 Nov 2008 13:50 by ICIS Chemicals Confidential

Filed under: shipping, Gibraltar, dry bulk cargo, MV Fedra
Shipping news: Titan Uranus

I saw this on BBC2's "Have I got a bit more news for you" on Saturday. Surely it is a fake, because the well-known Titan Petrochemicals fleet of very large crude carriers and coastal tankers lists only the Titan Mercury, Titan Aries, Titan...

Published 24 Nov 2008 9:07 by ICIS Chemicals Confidential

Filed under: trivia, shipping, crude, Titan, coastal tankers, Titan Uranus
New Car BOGOF

It's hard to believe but with no-one buying new cars, one car manufacturer is offering a Buy One Get One Free (BOGOF). If you're interested in a brand new Dodge Avenger SXT 2.4i saloon, you can buy one for £20,000 ($32,000) and get another one...

Published 5 Nov 2008 12:35 by ICIS Chemicals Confidential

Filed under: trivia, automotive, BOGOF cars, car offers, free cars, Dodge, Avenger
Eisbeinessen - pork and more pork

You can forget fixing a ship on Friday 7 November, because every chemical shipbroker in Europe will be heading for Hamburg for " Eisbeinessen ", a culinary feast of Eisbein (knuckle of pork boiled and served with sauerkraut) or Kassler (lightly...

Published 4 Nov 2008 17:34 by ICIS Chemicals Confidential

Filed under: trivia, parties, shipping, pork, Eisbeinessen, shipbrokers, Hamburg
EPCA Berlin 2009 - clash with German national holiday

EPCA 2009 in Berlin will clash with Germany's "Day of German Unity" national holiday, and hotel rooms are already commanding a premium one year ahead of the event. The annual conference of the European Petrochemical Association will be held...

Published 17 Nov 2008 12:15 by ICIS Chemicals Confidential

Filed under: business travel, conferences, EPCA, hotels, Germany, Berlin, EPCA 2009
Mumbai: eyewitness Mark Abell's rescue from Oberoi

I heard this most moving interview with eyewitness Mark Abell just rescued from Mumbai's Oberoi Trident hotel, on BBC Radio 4's "Today" programme at 8.15 am this morning. The link is to a 10-minute clip: fast forward to Mr Abell at 06...

Published 28 Nov 2008 9:00 by ICIS Chemicals Confidential

Filed under: business travel, Mumbai, corporate life, BBC Radio 4, Oberoi Trident, Mark Abell
Oil producers at a crossroads

The blog has been thinking about last week's leaked report from the International Energy Agency (IEA). This said that the world needs "to invest $360bn each year until 2030 to replace falling oil production and increase supply". The IEA...

Published 2 Nov 2008 12:39 by Chemicals & The Economy

Filed under: China, Economic growth, Oil markets, Futures trading, M & A, oil prices, Leverage, recession, OPEC, Russia
LyondellBasell debt downgraded, INEOS seeks waivers

Current market conditions are causing problems for everyone in the chemical industry. But as the blog has long feared, they are particularly testing those companies with higher debt levels. On Friday, Moody's announced a downgrading of the Corporate...

Published 18 Nov 2008 11:47 by Chemicals & The Economy

Filed under: Economic growth, Oil markets, Financial Events, credit crunch, Futures trading, M & A, Leverage, recession, Ineos, Pension funds, LyondellBasell
Aramco for Vizag?

Saudi Aramco is now being talked about as a prospective investor in the Hindustan Petroleum Corp (HPCL) led refinery and petrochemical complex at Visakhapatnam in Andhra Pradesh. Talks are on to bring in Aramco, says HPCL's chairman in this report...

Published 26 Nov 2008 7:54 by India Chemicals Blog

Filed under: Companies, Refining, Petrochemicals, GAIL, refinery, Vishakhapatnam, TOTAL, Saudi Aramco, HPCL
World Bank warns on China growth

The World Bank has cut its growth forecast for China's GDP to just 7.5% next year. Only 3 months ago, it was expecting 9.2%. And the Bank warns that the economy is dependent on "higher public spending" for more than half its forecast growth...

Published 25 Nov 2008 11:10 by Chemicals & The Economy

Filed under: China, Economic growth, Oil markets, Financial Events, M & A, Leverage, recession, World Bank, BRIC
US equities and crude oil follow each other

An interesting note from PetroMatrix highlights the close linkage that has now developed between changes in the Dow Jones Industrial Average and WTI crude oil prices. The chart, showing market action on Thursday, makes the point very clearly. PetroMatrix's...

Published 18 Nov 2008 20:42 by Chemicals & The Economy

Filed under: Economic growth, Oil markets, Currencies, Financial Events, Futures trading, Leverage, crude oil prices, Pension funds, credit derivatives, Dow Jones Index
To Russia with green love

Consulting firm Frost & Sullivan said Russia should start developing a renewable energy sector even though the country is the world's largest gas producer with rich oil and coal reserves. Oil and gas production regions in Russia is faced with...

Published 21 Nov 2008 13:43 by Green Chemicals

Filed under: study, Investments, General, studies and reports, Government, Russia, renewable energy, Frost & Sullivan
A low-key G-20 meeting

The first-ever G-20 meeting of Heads of State was a relatively quiet event , without the presence of President-elect Obama. Two main areas seem to have been discussed : • Regulatory reform, where finance ministers have been given until the end of March...

Published 18 Nov 2008 8:55 by Chemicals & The Economy

Filed under: Economic growth, Currencies, Financial Events, credit crunch, M & A, Leverage, recession, IMF, G-20, BRIC
Buy small and local to survive

Chemicals demand still exists, believe it or not, but the new economic order -one that could last as long as six years - requires new approaches. Purchasing managers need to start acting locally as well as globally. Who would want to be a financial controller...

Published 14 Nov 2008 4:46 by Asian Chemical Connections

Filed under: US, Economics, China, Europe, Olefins, Polyolefins, Business, letters of credit, Company Strategy, financial meltdown, plastic packaging, credit crisis, inventory management
Phonix fire department needs to educate home brewers

Nice story about a lack of communication in Phoenix, Arizona carried by the New York times. It seems biodiesel home brewers are neglecting to get permits to make biofuel. Story is interestingly written in that it does not attempt to give the person who...

Published 24 Nov 2008 11:22 by The Big Biofuels Blog

Filed under: America, USA, US, biofuel, biofuels, Biodiesel, Veg Oil, Phoenix, Arizona, firebrigade, flamable, household

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November 2008 - ICIS Blogs

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Recent Posts

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MV Fedra grounding at Gibraltar

Shipping news: Titan Uranus

New Car BOGOF

Eisbeinessen - pork and more pork

EPCA Berlin 2009 - clash with German national holiday

Mumbai: eyewitness Mark Abell's rescue from Oberoi

Oil producers at a crossroads

LyondellBasell debt downgraded, INEOS seeks waivers

Aramco for Vizag?

World Bank warns on China growth

US equities and crude oil follow each other

To Russia with green love

A low-key G-20 meeting

Buy small and local to survive

Phonix fire department needs to educate home brewers