Marine Link
Friday, March 29, 2024
SUBSCRIBE

Pacific Coast News

20 Mar 2024

Shipping Companies Turn to Longer-Term Leases as Tanker Supply Tightens

© Vladimir / Adobe Stock

Rising oil tanker chartering rates due to global shipping disruption are forcing oil shippers to take on longer-term shipping charters, executives said this week at an energy conference in Houston.The global oil tanker fleet must now travel further to get crude to refineries and fuel to consumers. European sanctions have forced Russian exporters to send oil to Asia that would have otherwise gone to Europe. Attacks on vessels in the Red Sea have forced some shippers to sail around…

13 Dec 2023

Panama Canal Woes Mean Longer Haul for Many

Tanker Strinda inside the Gatun locks on the Panama canal. Copyright Moments by Patrick/AdobeStocks

As low water level continue to plaque the Panama Canal, shipowners and managers are paying the price in the form of longer hauls and higher fuel (and emissions) costs to deliver product to market.In one example, oil tanker Cururo is taking the long way from Houston to Chile: sailing the length of South America's Atlantic coast, across the Strait of Magellan and heading up the Pacific coast before discharging.The voyage could take 32 days and travel more than 10,000 nautical miles (18…

18 Oct 2023

IMRF Announces 2023 SAR Award Winners

Geoffrey Denman (Source: IMRF)

The International Maritime Rescue Federation (IMRF) has announced the winners of this year’s IMRF Awards, which recognize all those involved in global maritime search and rescue (SAR) efforts.The IMRF Awards acknowledge those that have shown excellence in their field, developed innovative technology and equipment, or acted as a role model to inspire others. The awards also shine a light on those colleagues who offer the tireless support, training, and planning that enables SAR crews to do what they do…

16 Aug 2023

Panama Canal Extends Transit Restrictions through September 2

© BlackMac / Adobe Stock

The Panama Canal Authority on Wednesday notified shippers it is extending through September 2 restrictions for vessels to transit through the waterway and keeping the number of vessels authorized to pass per day to a maximum of 32.The Canal restrictions, implemented in recent months as the rainy season in Panama has come late this year, could add more pressure on consumer goods prices, according to maritime firms and experts, as delays and extra fees add to shipping costs.The Panama Canal is key for moving consumer goods from Asia to the United States…

15 Aug 2023

Matson Adjusts Its Sailing Schedule to Increase Whale Safety

© David Johnson / Adobe Stock

U.S.-based Pacific shipping company Matson announced it has adjusted its sailing routes to help reduce the risk of whale strikes off the coast of California.Shipping channels into and out of San Francisco Bay and the Los Angeles/Long Beach port complex transit federally protected national marine sanctuaries. These sanctuaries –Monterey Bay, Greater Farallones, and Cordell Bank national marine sanctuaries–are destination feeding areas for threatened and endangered humpback and blue whales from late spring through the fall.In 2015…

20 Jul 2023

US Announces First Offshore Wind Rights Sale in Gulf of Mexico

©Mike Mareen

The United States announced the first offshore wind power development rights sale in the Gulf of Mexico on Thursday, which President Joe Biden will discuss during a trip to highlight the administration's efforts to boost renewable energy.In February, the United States proposed to expand offshore wind power developments into the Gulf of Mexico, introducing the nascent clean energy industry into a major hub for oil and gas production.The Interior Department said the sale will take place on Aug.

19 Jul 2023

Canada's Pacific Dock Workers Ordered by Labor Watchdog to End Strike

© Volodymyr Kyrylyuk / Adobe Stock

The Canada Industrial Relations Board (CIRB), a federal watchdog, ruled on Wednesday that the Pacific coast dock workers' strike must end because their union did not provide the required 72-hour notice before the walkout."This strike is illegal," Labour Minister Seamus O'Regan said on Twitter after the ruling.

18 Jul 2023

Canada Port Strike Resumes

© Sinidex / Adobe Stock

Dock workers at ports along Canada's Pacific coast rejected a tentative four-year wage deal agreed with their employers last week and returned to the picket line, the International Longshore and Warehouse Union (ILWU) said on Tuesday.The ILWU represents some 7,500 dock workers, who walked off the job on July 1 after failing to reach a new work contract with the British Columbia Maritime Employers Association (BCMEA), which represents the companies involved.In a statement released Tuesday afternoon…

22 Jun 2023

Drought-hit Panama Canal Further Restricts Maximum Ship Depth

(Photo: Panama Canal Authority)

The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world's busiest trade passages, the canal authority's administrator said on Wednesday, citing shallower waters due to drought.The measure follows a series of depth restrictions in the 50-mile (80 km) canal since the beginning of the year due to a drought, which authorities had hoped would ease by the start of the Central American country's rainy season.Ship traffic, including container ships and oil tankers, using the canal between the Atlantic Ocean and Pacific Ocean accounts for about 3.5% of glo

15 Jun 2023

Tentative US West Coast Port Contract Deal Reached

© ADLC / Adobe Stock

The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a tentative deal on a new six-year contract, ending 13 months of talks and easing supply chain worries.The deal was reached with assistance from Acting U.S. Labor Secretary Julie Su, the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) employer group said in a joint statement.President Joe Biden, who dispatched Su to the negotiations in San Francisco earlier this week…

07 Jun 2023

Biden Encourages Continued Collective Bargaining in US Ports Dispute

© Matthew / Adobe Stock

U.S. President Joe Biden has urged both sides in the West Coast ports labor dispute to continue collective bargaining, White House press secretary Karine Jean-Pierre said on Wednesday, adding acting Labor Secretary Julie Su was actively engaging with the parties.The largest terminal at Southern California's Port of Long Beach closed for the day shift Monday as dock workers rallied for better pay. Monday's temporary closure followed similar disruptions on Friday in Oakland, California.

16 May 2023

COSCO Halts Works on Port in Peru After Landslide

© Björn Wylezich / Adobe Stock

China’s COSCO Shipping Holdings suspended construction on a tunnel for a major port project in northern Peru after a partial landslide struck, a company official said on Tuesday.The company is working to understand what caused the landslide, said Romulo Zarauz, a manager with the Chinese company’s local unit.The incident took place Tuesday morning in the coastal province of Huaral, about 56 miles (90 km) north of the capital Lima, damaging at least four houses near the tunnel…

22 Feb 2023

U.S. Gov't Proposes First-ever Offshore Wind Lease Sale in Gulf of Mexico

©dell/AdobeStock

The U.S. administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico, as part of the government's plan to spur offshore wind deployment beyond the East Coast.The proposed sale is part of the leasing path announced by Secretary Haaland in 2021 to meet the Biden-Harris administration’s goal to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and follows the Department’s approval of the nation's first two commercial-scale offshore wind projects.The Proposed Sale Notice (PSN) announced Wednesday includes a 102…

01 Jan 2023

Ecuador Insecurity, Drug Crime Hitting Shipping

© Federico Rostagno / Adobe Stock

Insecurity in Ecuador is hurting the Andean country's exports of products like bananas and shrimp, an exporters association said, amid assaults on shipping containers and contamination of shipments with drugs.At least 63 people linked to exports of bananas, shrimp and cacao - the raw material used to make chocolate - were murdered by organized criminal groups in 2022, while another 1,500 have been injured during attacks, the Corporation of Ecuadorean Exporter Associations (Cordex) said.The three sectors…

12 Dec 2022

How Do Floating Wind Turbines Work?

Three of the common types of floating wind turbine platform. (Image: Josh Bauer/NREL)

Northern California has some of the strongest offshore winds in the U.S., with immense potential to produce clean energy. But it also has a problem. Its continental shelf drops off quickly, making building traditional wind turbines directly on the seafloor costly if not impossible.Once water gets more than about 200 feet deep – roughly the height of an 18-story building – these “monopile” structures are pretty much out of the question.A solution has emerged that’s being tested in several locations around the world: wind turbines that float.In California…

03 Oct 2022

SAAM Closes Ian Taylor Acquisition in Peru

Photo courtesy SAAM-Ian Taylor

SAAM concluded the purchase of Ian Taylor’s towage operations in Peru."This transaction will allow us to continue consolidating our presence in Peru, with the service offering we are known for and extensive geographic coverage. We are committed to continuing to operate with excellence and safety once we add this first-rate fleet," said SAAM Towage Managing Director Hernán Gómez.SAAM Towage has been operating since 2021 in Peru. With this investment, it strengthens its presence…

29 Aug 2022

Canada Sees West Coast LNG Revival as World Scrambles for Gas

© vladsv / Adobe Stock

Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals.This time, companies are focusing on smaller west coast projects they bet will be cheaper and faster to build."Smaller project are easier to manage, especially in Canada," Enbridge chief executive Al Monaco told Reuters in an interview. "The need for global LNG is clearer now than it was before, we're getting a second chance and I hope we don't blow it this time.

04 Aug 2022

Rocketing Tanker Freight Rates Send Mexico's Fuel Costs Soaring

© scandamerican / Adobe Stock

High rates worldwide for moving oil are driving up Mexico’s fuel costs as importers face tanker fees on North America’s busiest maritime route that are more than double levels seen in recent years, traders and shippers said.On routes to Mexico, the extra costs have added price volatility to an otherwise stable freight market, according to Refinitiv Eikon data and people familiar with the matter.The rates are the latest blow to state oil company Petroleos Mexicanos, which controls the bulk of fuel imports later sold at subsidized retail prices.

25 May 2022

LNG Prices Could Stay High for a Few Years, Woodside CEO Says

Woodside CEO Meg O'Neill  - Credit: Woodside

Woodside Energy Group, Australia's top independent natural gas producer, sees liquefied natural gas (LNG) prices staying high for a few years as the market adjusts to supply disruptions after sanctions on Russia for its Ukraine invasion."With the invasion, we are seeing the world try to move away from Russian hydrocarbons and that means that demand for LNG from places like Australia is up," Woodside Chief Executive Meg O'Neill said."We do expect ... prices to remain elevated for the next year…

10 May 2022

US Importers Turn to Prayer and the President Ahead of West Coast Port Labor Talks

© Jezper / Adobe Stock

For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and keep retailers stocked with enough Bratz and LOL Surprise! dolls to meet pandemic demand.Asked how he's preparing for this summer's West Coast port labor talks, the chief executive of Los Angeles-based MGA Entertainment deadpanned, "I'm praying two times a day."Larian and a half-dozen suppliers for major retailers like Walmart WMT.N, Amazon.com AMZN.O and Target…

28 Apr 2022

SAAM Buys Ian Taylor Towage Business in Peru

(Photo: SAAM Towage)

SAAM Towage reported that it has signed an agreement with Ian Taylor to acquire the company's towage operations in Peru, which currently provides services with four tugs at the ports of Callao and Paita.“This agreement, just like the acquisition in Canada of Standard Towing and Davies Tugboats formalized a few weeks ago, is part of our strategy to lead the consolidation process taking place in the towage industry. It will enable us to continue to strengthen our presence along the Pacific Coast…

26 Jan 2022

Peru Investigating Possibility of Second Repsol Offshore Oil Spill

Illustration Credit:balakleypb/AdobeStock

Peru's environmental regulatory agency said on Wednesday it was investigating the possibility that Spanish energy company Repsol SA was responsible for a second oil spill in as many weeks off the country's central Pacific coast.The suspected new spill may have occurred on Tuesday as Repsol's La Pampilla refinery was withdrawing oil reception and dispatch equipment as part of an investigation into what caused the initial spill blamed on unusually strong waves triggered by a volcanic eruption in Tonga this month, according to the Agency for Environmental Assessment and Enforcement (OEFA).The age

26 Jan 2022

U.S. Offshore Wind Forecast: 45 Projects, $136B CapEx

Copyright osabee/AdobeStock

As of the end of January 2022, there were over 45 projects in development representing a $136 billion capital expenditure and $4.4 billion annual OPEX opportunity that are forecast to be brought on stream within this and early in the next decade.What a difference a year makes. This time last year there was still some uncertainty around the federal offshore wind permitting process, the timing of offshore wind projects and certainty for the supply chain.At the beginning of 2022 the situation is more positive.