Chemtrade Logistics Income Fund reported Feb. 27 that it entered into a definitive agreement Feb. 24 to sell its International business segment to Mitsui & Co. Ltd.
In other news, for the year ending Dec. 31, 2016, Chemtrade reported a net loss from continuing operations of C$1.2 million compared to 2015’s loss of $58 million. Revenues dropped to $1.1 billion, down $60.2 million from 2015. The company said the decrease was due to lower selling prices for sulfur and sulfuric acid.