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Odfjell has entered into an agreement with Breakwater Capital and Oak Hill Advisors to create an LPG and ethylene (LPG/E) shipping joint venture.

Two of Germany's largest shipping groups ER Capital Holding and Schulte Group have established Quayside Maritime Partners (QMP), a shipping investment joint venture.

Transpetrol Gas Holdings Limited (Transpetrol) has exercised an option to back out of an LPG-carrying joint venture with Stolt-Nielsen and Sungas Holdings.

Tokyo Marine Asia (Tokyo Marine) and Jo Tankers have signed a letter of intent to establish a tanker pool for their chemical fleets.

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