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
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
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.
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
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.
Sea Tow Reports Increased Boating Activity and Calls for Assistance Midway Through July 4th Holiday Week. Incidents Underscore the Need to Follow Commonsense Boating Safety Guidelines. The extended July 4th holiday has been one of the busiest in recent years for Sea Tow Services International Inc., the nation’s leading on-water assistance provider, and its network of Sea Tow locations across the U.S. This increased activity reflects a growing desire among boaters to enjoy the
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.
Eastern Shipbuilding Group, Inc. delivers the escort tug Neptune to Suderman & Young Towing Company and launches the Escort Tug David B to Bay-Houston Towing Co. Eastern Shipbuilding Group, Inc. has delivered the escort tug Neptune (Hull# 237) on March 28, 2016. The Neptune is the second in series of four identical Robert Allan, LTD. (RAL) designed Z-Tech 2400 Class terminal and escort tugs currently under construction for Suderman & Young Towing Company at Eastern’s
Eastern Shipbuilding Group, Inc. has delivered the escort tug David B for Bay-Houston Towing Co. on June 15, 2016. David B (ESG Hull #239) is the third in a series of four Robert Allan, LTD. (RAL) designed Z-Tech 2400 Class terminal and escort tugs currently under construction at
Fratelli Neri S.p.A., the family-owned, Livorno-based harbor towage company, has ordered three new Damen vessels; an ASD Tug 2913, a Stan Tug 1606 and a Stan Launch 1305, the last for its subsidiary company Labromare, which is 50% owned by Tripmare S.p.A.
Ithaca Energy Inc. reports that the "FPF-1" floating production facility has completed the required inclination test as planned and departed the Remontowa shipyard in Gdansk, Poland. The vessel has been moved to a deep water location offshore Gdansk to undertake final marine system
Viking Supply Ships A/S (VSS) has received an early termination notice of the contract for the Ice-class 1A AHTS “Njord Viking”. The vessel has been working for Eni Norge in the Barents Sea and has also been part of the extended towing-preparedness in the area on behalf of the
Ex-USS Taylor (FFG-50) was towed from Philadelphia Naval Shipyard to Detyens Shipyard in Charleston, S.C. where the vessel will be converted in preparation for delivery to the Taiwanese government as part of the U.S.’ foreign military sales program.
The U.S. Coast Guard announced Monday new towing vessel regulations establishing new requirements for the design, construction, onboard equipment and operation of towing vessels. These regulations, which were developed over time with input from the Towing Safety Advisory Committee (TSAC)
InterMoor completed its involvement in the Shell Malikai Tension Leg Platform (TLP) float-off operations. The TLP was loaded onto the Dockwise Heavy Lift Vessel White Marlin at Malaysia Marine and Heavy Engineering (MMHE) shipyard in Pasir Gudang, Malaysia
The 86-foot fishing vessel Buzzards Bay, which became disabled with five people aboard 50 miles northeast of Cape Cod, was towed in by U.S. Coast Guard Cutter Harriet Lane on Tueday. Watchstanders at Coast Guard Sector Southeastern New England were notified by the captain of the Buzzards
Providing an update on the status of the on-going Greater Stella Area (“GSA”) development programme Ithaca Energy informed that the floating production facility (FPF-1) modifications programme undertaken by Petrofac in the Remontowa shipyard in Poland is in the final stages of
Helm Operations signed on more than 50 commercial maritime companies to its maritime software, Helm CONNECT, many of whom are trying to prepare for the publication of Subchapter M. Helm CONNECT’s customers come from a variety of commercial maritime industries
Two Damen ASD 3212 tugs for towage and salvage specialist Multraship have been named on June 24 at Terneuzen, the Netherlands. The Multratug 29 and Multratug 30, named respectively by Rita de Ruijter- Ribbens and Els Otten- Muller, were built at the Damen Song Cam Shipyard in Vietnam
The American Waterways Operators (AWO) and ClassNK have signed an agreement under which ClassNK will be authorized to conduct audits of AWO's Responsible Carrier Program, a safety management system for towing vessels with which all AWO members must comply as a condition of association membership
Rolls-Royce has won an order for US255 FP z-drives from San Francisco’s Vessel Chartering LLC, a wholly owned division of Baydelta Navigation. The thrusters will provide the propulsion for a new high performance tractor tug designed by Jensen Maritime, Crowley Maritime Corp
The U.S. Army Corps of Engineers closed Lock and Dam 25 due to diesel in the water on the upper Mississippi River near St. Louis, Missouri, Wednesday. An estimated 2,074 gallons of diesel was reportedly released by the towing vessel Jerry Jarrett while transiting the lock and dam
In May of 2016 the Argentinian-designed and built 28.77 by 10.2-meter ASD tug Brutus went to work in the harbor at Buenos Aries. This marked a milestone in Argentinian maritime affairs, as it is, at 5,400 HP, the most powerful ship-handling tug in the country.