According to Reuters, Canadian Pacific Railways Ltd is considering deals to increase crude-by-rail shipments this year, following profits in 4Q17 that surpassed analyst’s estimates.
The latest fertilizer news
Emerson has announced that it has successfully completed the acquisition of ProSys Inc.
Corfo – the Chilean development agency – has reached an agreement with Lithium company SQM, bringing an end to a dispute over royalties in Chile’s Salar de Atacama.
GrowMax Resources Corp. has announced that its subsidiary, Americas Potash Peru S.A., has entered into a phosphate rock offtake agreement with Kisan International Trading FZE.
Vale has announced that it has completed the sale of its fertilizer business to Mosaic in accordance with the terms disclosed in the press release on 2 January 2018.
ATS Group LLC has announced that it has acquired Willbros Tank Services from Houston-based Willbros Group Inc.
Crystal Peak Minerals Inc. has released a statement claiming that it has appointed John Mansanti as President and CEO.
Bunge Ltd has released a statement claiming that Vinita Bali has been appointed to its Board of Directors, effective immediately.
Nutrien Ltd has released a statement claiming that the merger of equals between Agrium Inc. and Potash Corporation of Saskatchewan Inc. has been successfully completed.
ENPAR Technologies Inc. has released a statement claiming that it has officially changed its name to Current Water Technologies Inc.
Vale has announced that the sale of Vale Fertilizantes to the Mosaic Co. is expected to close on or around 8 January 2018.
PotashCorp and Agrium have received clearance from the US Federal Trade Commission and have obtained all regulatory approvals required to close their proposed merger of equals transaction.
Stamicarbon has released a statement announcing that it has signed licensing and equipment supply contracts with Jiujiang Xinlianxin Fertilizer Co. Ltd for a new ultra-low energy urea plant.
Miles Buckhurst, Jotun, Norway, looks at the issue of corrosion under insulation in the fertilizer industry.
Gordon Cope, World Fertilizer contributing editor, asks if relief is finally on the way for a stagnating fertilizer industry.
Lynn Wang, Integer, China, explains how supply-side structural reform will promote capacity upgrades in the Chinese fertilizer industry.
Itafos has announced that it has closed its previously announced private placement of 41 129 243 shares of the company at CAN$2.10 per share (the offering).
Reportedly, the Canadian railway company is anticipating revenue growth in the mid single digits in 2018, boosted by strong worldwide demand for potash, as well as well as strength in energy and chemicals. The company reportedly said that it expects better pricing this year as well, due to tighter capacity, adding that adjusted earnings per share growth would be in the low double digits.
According to Reuters, Canadian crude-by-rail shipments increased last year, suggesting that more oil is being pushed onto railroads due to tight pipeline capacity. Nonetheless, the country’s railway executives are reportedly remaining careful about crude-by rail demand after they were forced to lower rates for shipping crude in 2015 because of a fall in global oil prices.
Keith Creel, the Chief Executive of CP, noted that, in order to protect against any future oil price decline, the company is looking for customers that have business in both crude and other lines. The company also claims that there is potential for higher pricing in 2018 as capacity gets tighter on growing demand.