Executives from Colonial Pipeline, which runs the main fuel artery for the U.S. Atlantic Coast, will be questioned by customers and regulators on Wednesday after worsening congestion spawned secondary markets for space on the system, driving up costs for wholesale diesel and gasoline buyers. Refiners, retailers and trading houses have jockeyed to move barrels in an increasingly competitive race for space on the line since a 300,000 barrel per day expansion between 2011 and 2013 failed to ease traffic as shippers increased on the 2.5 million bpd system. Customers including Costco Wholesale Corp complain that so-called line space trading adds business costs, prompting a rare hearing at the Federal Energy Regulatory Commission. "We have very sophisticated customers. Of course they've adapted to the system as it is. They are serving the marketplace," Colonial's Chief Financial Officer David Doudna told Reuters. Competition is so tough that so-called line space - a spot market - has sold for 15 cents or more per gallon. That means the person who buys half of another's 100,000 barrels of allotted space spends $314,999 on top of Colonial's per-barrel rate to move fuels. That could amount to millions of dollars a year in extra costs. Even costlier is a more long-term secondary market that sprung from Colonial's perpetual crowding: shipper history transfers that allow newer players a way to access space allocated to
European oil traders rushed on Tuesday to book vessels to carry gasoline to consumers on the U.S. East Coast left stranded without their main domestic supply source, more than quadrupling shipping costs, traders and ship brokers told Reuters. An explosion late on Monday on the Colonial pipeline, which carries roughly one-third of the 3.2 million barrels per day (bpd) of gasoline consumed on the East Coast, makes U.S. drivers more reliant on imported oil products.
Sea Tow Services International Inc., announced the opening of four new franchises: Sea Tow Buzzards Bay (Mass.), Sea Tow Montauk (N.Y.), Sea Tow Lake Eufaula (Ala.) and Sea Tow Lake Lewisville (Tx.). The company also announced the sale and transfer of ownership of three existing franchise areas. Captain Walter Garschagen is the new owner of Sea Tow Central Hudson (N.Y.), Jim and Jan Pulley are the new owners of Sea Tow Table Rock Lake (Mo.), and Capt
Seabulk International, Inc. announced the appointment of Kenneth M. Rogers as President of its Seabulk Towing subsidiary. He was also elected a corporate Senior Vice President, reporting directly to President and Chief Executive Officer Gerhard E. Kurz. Rogers, 46, joined Seabulk Towing in 2001 as Senior Vice President for Marketing. He will be based in Fort Lauderdale and succeeds William R. Ludt, who is retiring after 23 years with the Company.
Members of the U.S. Coast Guard Training Center, Cape May, N.J., were treated to a speech on the history of the Lenape Indian tribe during a Native American Heritage event held on base, Nov. 5. Wesley Dunn, vice president of the Museum of Indian Culture, presented interesting facts about the tribe that inhabited the area more than 500 years ago. Additionally, Dunn brought many Lenape artifacts which he displayed for members to examine.
Royal Caribbean’s Brilliance of the Seas, one of the biggest ships on the seven seas, docked in port at Nauticus, Norfolk for a short time and fueled big business across Hampton Roads. Nearly 3,000 people on-board flooded on the streets of Norfolk. More than 500 tourists took advantage of shore excursions and day trips to Colonial Williamsburg and Jamestown. The cruise ship, which has 860 crew members
Quality Management International, Inc. has developed a two-day training program for professionals in the towing vessel industry. This course for Uninspected Towing Vessels (UTV) focuses on all the current regulations including clauses of the ISM Code relevant for tugs, towboats and barges. By attending this class, towing professionals can get ahead of the curve and be well-prepared for the impending inspections.
The government of Niger, the world's fourth largest uranium producer, is on the verge of renewing an agreement with French state-controlled nuclear group Areva, the West African nation's mines minister said on Sunday. Niger, one of the world's poorest nations, is pushing to boost revenues from its uranium, but Areva, which dominates the sector in the country, has claimed that increasing royalties would make its operations there unprofitable.
Singapore's Neptune Orient Lines (NOL) may be shaping up as a takeover candidate, a report in Bloomberg said. The appeal of the shipping company that helped cement Singapore's status as a global trade hub has increased after it agreed to sell its logistics unit last month for US$1.2 billion to cut debt. Possibility of a sale may help Temasek Holdings Pte, the Singapore state's Sovereign Wealth Fund (SWF) that controls Neptune Orient, bolster returns. The $1
Marine Safety Unit Chicago and the U.S. Coast Guard Towing Vessel National Center of Expertise hosted an informational outreach forum Wednesday with towing vessel operators to explain the implementation of the new regulations for the inspection of towing vessels, Subchapter M. The meeting was held at the offices of Illinois Marine Towing in Lemont Wednesday morning with more than 80 industry representatives from the Great Lakes and the Mississippi River Basin attending.
Statoil awards Simon Møkster Shipping AS contracts for three emergency response and rescue vessels (ERRV), and Havila Shipping ASA for one ERRV. The contacts have a total value, included options, of NOK 2.7 billion. The vessels will be part of Statoil’s area-wide emergency response on
Emergency personnel continue their response to the tug boat Samson Mariner which ran aground and spilled fuel while towing a barge in the vicinity of Rosa Reef in north Tongass Narrows, Alaska, Wednesday evening. Approximately 1,100 gallons of diesel spilled from the tug prior to being
Foss Maritime said its third of three new Arctic Class tugs being built at the Rainier, Ore. shipyard is nearing completion and expected to enter service later this year. The tug Nicole Foss is ice class D0, meaning the hulls are designed specifically for polar waters and are
A new range of hooks from Henriksen AS introduces a significant level of safety for crews engaged in towing small to medium-sized vessels and loads. The new towing hook has been designed for users at the lighter end of the towing spectrum and it is available in three versions for use with loads
A Norwegian shipping firm on Thursday denied a tanker it manages had violated a European court ruling after Western Sahara's Polisario movement accused it of illegally transporting an oil cargo through disputed territory it claims. The Polisario independence movement this week called on the
Polarcus has received a letter of award from TGS-NOPEC Geophysical Company, a marine seismic data acquisition specialist, for acquisition of 30,000 square kilometers of 3D multi-client data in Europe. Approximately 20,000 sq.km
JonRie Marine Winches supplied its 6th ship set of Full 90 Ton Winch to McAllister Towing of NY installed on their new tug Jeffrey McAllister. The 92’ (30 meter) x 36’ (11 meter) Z-Drive Tug was built by Eastern Shipbuilding, Panama City, FL
Global Maritime Consultancy & Engineering, a provider of offshore marine warranty, dynamic positioning and engineering services, has been approved by the United States Coast Guard (USCG) to provide Subchapter M compliance services as a Third Party Organization (TPO).
M/V Cole Guidry, the newly designed Bollinger inland towboat, was delivered to owner Lorris G. Towing on December 16, 2016. The M/V Cole Guidry, designed and built by Bollinger Shipyards, is a 2,000 HP inland towboat measuring 80 feet by 36 feet with a 10-foot draft
Eastern Shipbuilding Group, Inc. has delivered the Twin Z-drive Reverse Tractor Tug JEFFREY McALLISTER to McAllister Towing and Transportation Co., Inc. on January 13, 2017. McAllister is honoring Captain Jeffrey McAllister as the vessels namesake. Capt
A new tug built by Signet Shipbuilding and Repair was delivered to E.N. Bisso & Son Inc. in mid-December. The vessel, Gladys B, is Robert Allan Ltd.’s newest RApport 2400 class tugboat design. “She is named for the wife of the founder of the company in 1946
Huisman said it is about to deliver the first crane built and tested at its production facility in Navegantes, Santa Catarina state, in the south of Brazil. This 50mt (Deck) Knuckle Boom Crane is the first of an order of two 50mt (deck) Knuckle Boom Cranes for DOF/Technip’s Skandi Olinda
The U.S. Coast Guard is conducted a first-light assessment survey Thursday of a tugboat oil spill on the Halifax River near Ormond-by-the-Sea. The tug Tutahaca was reported to be leaking bilge oil into the river Wednesday.
The first U.S.-built Rotortug, ART Trident, has undergone trials and is now in service. Designed by Robert Allan Ltd., and designated as an ART 80-98US, she was built by Master Boat Builders in Bayou La Batre, Ala., and is the first in a series of three being constructed for Seabulk Towing of Ft
The luxury cruiseliner Norgwegian Star,lost power en route from Australia to New Zealand, has docked back in Melbourne after becoming stranded off the coast for two days, says company sources. Engine problems struck The Norwegian Starr on Friday morning after leaving port and