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AMERICAN PETROLEUM TANKERS

Commissioner Doyle: LNG "Blossoming" as Marine Fuel

FMC Commissioner William P. Doyle

FMC Commissioner William P. Doyle issued this morning’s opening remarks at the American Society of Transportation and Logistics (AST&L) 6th Sino - American Logistics Conference in Chicago, Il, where he addressed the use of LNG as a marine fuel. Doyle cited the United States' abundance of natural gas as a driver for the country’s marine industry to adopt LNG as an alternative fuel source. In addition, he spoke to the environmental and economic benefits associated with the use of LNG in the maritime segment. Commissioner Doyle discussed the Chinese push for LNG as marine fuel and highlighted the progress of their 2010 pilot program as well as the nation’s goals for future development. He also discussed LNG's presence stateside. “The Obama Administration is embracing the concept of LNG as a marine fuel,” Doyle said. “The Department of Transportation through the Maritime Administration is sponsoring a demonstration project involving an ocean-going containership that will be repowered to use LNG as a propulsion fuel. The Maritime Administration is also funding research related to LNG fuel transfer, infrastructure and training. This research is slated to be completed in 2014.” Mr. Doyle then identified recent LNG maritime initiatives including those at Interlake Steamship Company, TOTE, Harvey Gulf International Marine, Ocean Tug & Barge Engineering Corp


M/V Sunshine State Delivered to Crowley

Photo courtesy Crowley

Crowley took delivery of Sunshine State, a 331,000-barrel, double-hull oil and chemical tanker, from General Dynamics NASSCO in San Diego, Calif. for American Petroleum Tankers LLC. The Sunshine State is the first vessel Crowley has taken delivery of since the company was contracted by APT to handle the shipyard construction management and the overall vessel management, crewing and operation of the company's growing fleet


General Dynamics Reports 2Q 2014 Earnings

Phebe N Novakovic , Chairman and CEO

  General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter earnings from continuing operations in 2013 of $640 million, or $1.81 per diluted share. Second-quarter 2014 revenues were $7.5 billion. There is a charge in the quarter of $105 million in discontinued operations for the sale of a business within Combat Systems


MISC Looks for Takeover Targets

MISC Bhd, the world's largest carrier of liquefied natural gas (LNG), is on the lookout for takeover targets to help it grow amid softer shipping rates, according to a report on http://www.btimes.com.my. In 2003, the firm bought American Eagle Tankers (AET), a crude oil transportation company, from Singapore's Neptune Orient Lines for $445 million. An analyst from a foreign research house said that if MISC were to buy, it will be to support AET to grow its petroleum business.


Marathon Ashland Petroleum Garners USCG Award

Marathon Ashland Petroleum LLC’s (MAP) Marine Transportation group has received the U.S. Coast Guard’s prestigious William M. Benkert Award for Environmental Excellence. Accepting the silver award on behalf of MAP Marine Transportation was Bruce Tilton, manager, Marine Transportation. “This is indeed an honor, and we are truly thrilled to receive this award, says Tilton. “Because this is the U.S. Coast Guard’s premier national award, recognizing marine environmental excellence


USCG Accepts Benkert Award Nominees

The U.S. Coast Guard is soliciting for applications for the biennial Rear Admiral William M. Benkert, Marine Environmental Protection Award for Excellence. The program recognizes corporations and businesses involved in marine facility or vessel operations that have demonstrated sustained excellence and outstanding achievement in protecting the marine environment. It also encourages innovations in operations, maintenance, cargo handling, refueling, training


Nordic American Tankers Mull Expansion Plans

Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand. The company's Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012.  They are assessing expansion plans including ordering of new vessels from shipyards or buying second hand vessels at historically low prices.  The level of the declared dividend should be seen in the context of a planned fleet expansion


Aker Philadelphia’s 9th Product Tanker

Photo courtesy Aker Philadelphia Shipyard

On March 10, Aker Philadelphia Shipyard (Oslo: AKPS) launched Ship 013, the ninth product tanker in a series of 12 to be completed by 2011. The 46,000 dwt vessel was floated off of its blocks and was transferred by tug from the Building Dock to the Outfitting Dock, where it will remain for the next few weeks as it undergoes continuous testing and commissioning in preparation for its upcoming sea trials. When completed, the 600-ft long vessel, to be named the Overseas Martinez


DeepStar Names New Co-Chairs to Contributors’ Advisory Panel

Peter M. Lovie, P.E., vice president of business development for American Shuttle Tankers L.L.C., Houston, has been appointed to co-chair the Contributors’ Advisory Panel of The DeepStar Project, DeepStar Project Director B. John Sheets, of ChevronTexaco Exploration and Production Technology Co., has announced. ”Peter Lovie has been a tireless advocate for Floating Production, Storage and Offloading (FPSO) vessel technology in recent years and has broad experience with other systems through


AWO Members Win Benkert Award

The USCG has honored AWO members Crowley Marine Services, Inc. and Southern Towing Company with the William M. Benkert Award for excellence in marine environmental protection. Benkert Awards for the year 2000 competition were presented in four categories: large and small vessel operating companies, and large and small marine facility operators. AWO member Crowley Marine Services, Inc., headquartered in Seattle, won the large vessel category


Crowley to Christen 3rd LNG-ready Product Tanker

Louisiana (Photo: Crowley)

Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers.   The 600-foot-long, 50,000-dead-weight-ton (dwt), 330


Venezuelan Crude Sales to US Fell 8% in April

Venezuelan crude sales to the United States declined 8.3 percent in April to 734,700 barrels per day (bpd) compared with the same month of 2015, amid delays at PDVSA's main ports, according to Thomson Reuters trade flows and vessel tracking data.  


NAT Acquires Four 150,000dwt Tankers

Courtesy Nordic American Tankers Limited

Nordic American Tankers Limited ("NAT" or the "Company") announced today that it has entered into an agreement to acquire four existing Suezmax sister vessels built in Japan at a world-class shipyard. The aggregate price is $106 million


Argentina Crude Exports Poised to Hit Record

Argentina's oil producers have shipped record volumes of crude this month, spurred by a new government subsidy that has also prompted state-owned oil company YPF to return to the export market for the first time in years.   The surge in shipments abroad comes just a month after Argentina's


Iranian Ships to Make Trips to Europe, Americas

Pic: Islamic Republic of Iran Shipping Lines

 Iran all set launch a shipping line to Europe, North and South American countries, as sanctions against Iran’s shipping industry has been recently lifted.   The Islamic Republic of Iran Shipping Lines (IRISL) has resumed its routes to various destinations across Europe


Cobham, Inmarsat Enable Smart Shipping for Nanjing Tankers

Contract signing ceremony with Mr. Zhang Chuan Qin, EVP of NTC (right), and Mr. Song Zhen, Vice President of Sales and Marketing for MCN. Photo Inmarsat

Inmarsat (LSE:ISAT.L), and Cobham SATCOM today announced that their partner Beijing Marine Communication & Navigation Company Ltd. (MCN) has won the largest Inmarsat Fleet Xpress installation project to date, with Nanjing Tanker Corporation of China


APT’s 2nd ECO Class Product Carrier Christened

Magnolia State (Photo: General Dynamics NASSCO)

 On Saturday, April 23, General Dynamics NASSCO hosted a christening ceremony for the second Jones Act ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Scott Peters spoke at the ceremony


AET Buys Paramount Tankers

Photo: AET

 American Eagle Tankers (AET), a subsidiary of Malaysian shipping line MISC Bhd, said that it will acquire all the remaining shares of Paramount Tankers, making the latter its wholly owned subsidiary.   AET will acquire Golden Energy Tanker Holdings’ 50% stake in Paramount Tankers


AWO, Stakeholders 'Barge In' at Capitol Hill

American Waterways Operators discuss U.S. jobs, vessel discharges and national security with members of Congress during annual Barge-In. (PRNewsFoto/American Waterways Operators)

American Tugboat, Towboat and Barge Industry Urged Support for American Jobs, Vessel Discharge Reform, and Waterways Infrastructure.   Members of the American Waterways Operators, the national trade association representing the tugboat, towboat and barge industry


Expanded Panama Canal Begins to Take Transit Reservations

Photo courtesy of ACP

The Panama Canal began accepting transit reservations for Neopanamax vessels for commercial transits through the Expanded Canal starting on June 27, 2016. In light of the upcoming Expansion inauguration date, the Panama Canal will offer four additional slots per day for Neopanamax vessels


Transit Reservations for Expanded Panama Canal Begins

Panama Canal Expansion Photo PCA

Today, the Panama Canal began accepting transit reservations for Neopanamax vessels for commercial transits through the Expanded Canal starting on June 27, 2016. In light of the upcoming Expansion inauguration date, the Panama Canal will offer four additional slots per day for Neopanamax vessels


Third LNG-ready Tanker Delivered to Crowley

Photo: Crowley

Crowley takes delivery of Louisiana, third Jones Act tanker with LNG capability   Crowley Maritime Corp. has taken delivery of Louisiana, the third of four new, Jones Act product tankers being built for the company by Philly Shipyard, Inc


Nanjing Tankers Implements 'Smart Shipping' Connectivity

SAILOR antennas for largest Fleet Xpress install project (Image: Inmarsat)

Largest contract to date for Inmarsat’s Fleet Xpress paves the way for ‘smart shipping’ for Nanjing Tanker Corporation, with installation of Cobham’s SAILOR 60 GX and SAILOR 100 GX antenna systems across 70 ships  


Stakeholders Voice Opposition to Proposed Waterway Tolls

Deb Calhoun (Photo: WCI)

A group of 75 companies and organizations have collectively voiced opposition to a Public Private Partnership (P3) project that would seek to toll the Illinois Waterway and that could make its way into the Water Resources and Development Act (WRDA) of 2016.


PDVSA to Receive US Crude Cargo from BP

Venezuela's PDVSA will discharge in the coming days its first cargo of U.S. crude bought from British BP, who along with China Oil was awarded a tender to supply the state-run company with some 8 million barrels in the second quarter, traders close to the deal told Reuters on Wednesday.  






 
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