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.
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
Rolls-Royce has signed a contract with Edison Chouest Offshore (ECO) worth more than $41 million to deliver propulsion and deck machinery for 13 new tugs, including five which will have a direct bollard pull of around 150 metric tons. The 13 tugs are being designed and built at Chouest-affiliated shipyards in the U.S. with support from Damen’s Technical Cooperation program. The five most powerful tugs will be 45 meters long and 17 meters wide
Philippine President Rodrigo Duterte announced his "separation" from the United States on Thursday, declaring he had realigned with China as the two agreed to resolve their South China Sea dispute through talks. Duterte made his comments in Beijing
For 16 years, the National Quality Steering Committee has used three measures to track overall trends in safety and environmental protection. While not all-encompassing, the measures are considered to be useful indicators of towing industry trends. The measures are:
On Tuesday, October 18, 2016, Wagenborg launched the new tugboat Wild Maa in Groningen, the Netherlands. Prior to the tandem lift, Wagenborg transferred the tug, weighing 253 metric tons and measuring 29 meters long and 10.3 meters wide
Smith Berger Marine, Inc. said it has been selected by Edison Chouest Offshore to design and manufacture the Tow Pin Stern Roller units required on its nine new vessels, including five escort tugs and four docking tugs. Edison Chouest is building the new tugs in order to execute a 10-year
From Japan's Niigata Shipbuilding & Repair, Inc. (NSR), fully owned by Mitsui Engineering & Shipbuilding Co., Ltd., comes the first in four of a series of ultra large, ultra powerful tugs. The first in line is dubbed Alp Striker, delivered to Alp Striker BV (ship owning company of
The work of Astilleros Zamakona's collaboration with Robert Allan as a designer and experience of Boluda Towage and Salvage as an operator in tow obtained from this new construction 768 tugboat VB XALOC type AVT will be from now on the tugboat reference for port operations, towing and escort.
Vane Brothers said it has taken delivery of its newest tugboat, Baltimore, named for the city in which the marine transportation provider is headquartered. The Baltimore is the third of eight vessels in Vane’s Elizabeth Anne Class of 4,200-horsepower tugboats contracted through St
An extra T in TSMS, nowhere left to hide from systems documentation, and an emphasis on continuous improvement. Back in January of this year, the United States Coast Guard (USCG) predicted Subchapter M would be released in spring 2016
The United States prepared to airlift hundreds of people from its Guantanamo Bay naval base as the most powerful cyclone to form over the Atlantic since Hurricane Felix in 2007 ground slowly towards Jamaica, Haiti and Cuba. Haiti also began evacuating residents by boat from outlying islands in
A primer: the new rule and guidance for operators as they search for the right mix of compliance options to meet their specific and unique needs. For several years, the towing vessel industry has been waiting for final publication of the U.S
As the oil industry awaits a much-needed rebound, Foss Maritime’s robust presence in the Arctic region underscores its commitment to the region, the environment, and a business plan that looks ahead to the next chapter. Reports of the death of commercial Arctic activities have been
The Southeast United States is expected to be hit with fuel shortages in the aftermath of Hurricane Matthew, as the storm barrels toward one of the largest energy-consuming regions in the country. Some states are already experiencing supply constraints as motorists fill up tanks as an
Palfinger Marine signed a contract with Turkish shipyard Cemre to supply a deck equipment package to a Havyard 832 MPV vessel being built for Esvagt. The package from Palfinger consists of cranes, winches and offshore equipment. The MPV will measure 81.9 x 17.16 m, with a deck area of 620 sq
Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. said it has reached milestone in its contract with McAllister Towing. The Capt. Brian A. McAllister, the first of up to four hulls, has been flipped and set on the shipbuilding ways
The TRAktor-Z 2500SX is the new Z-drive tractor tug designed by Robert Allan Ltd. in collaboration with Sanmar Shipyards. Engineered for maximum efficiency in both harbor ship handling and towing duties, this compact, under 24 m rule length design offers dependable omnidirectional performance for