As Shale Oil Gains Slow, Deepwater Port Struggles for Customers
As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.In April, Enterprise Products Partners' SPOT became the first project to receive a license from the U.S. maritime regulator for a deepwater port that could load two supertankers, each of which can carry up to 2 million barrels of oil at a time.But multi-year regulatory delays, a loss of commercial backers and slowing U.S.
Report Highlights Regulators' Failure to Protect Seafarers
Seafarers are left unprotected by systemic failures in the implementation of the regulatory regime for work and rest hours at sea, a newly published report finds.The World Maritime University's (WMU) new report, "A Culture of Adjustment", by Dr. Raphael Baumler, Yvette deKlerk, Dr. Michael Ekow Manuel and Dr. Laura Carballo Piñeiro confirms previous research that suggested recording malpractices are widespread, which seriously questions the capacity of the current regulatoryâŚ
Four Missing, Six Injured After Dredge Strikes a Pipeline in Corpus Christi
Four people are missing and six have been hospitalized for injuries caused by a pipeline explosion in the Corpus Christi Ship Channel on Friday, officials said.The explosion and subsequent fire were reported at about 8 a.m. local time near Nueces Bay in the northern part of the city after a dredge struck a pipeline in the water. The dredge, Waymon L Boyd owned by Houston-based Orion Marine Group, was working on a private project, not the channel deepening work currently underway at the port.The U.S.
Update from Cyclone Hit Indian Ports
Two ports on the Eastern Coast of India that suffered extensive damage from the Hudhud cyclone have provided a status update. Yesterday night port declared the impact of cyclone HudHud as âforce majeureâ. As a very preliminary assessment of the port, âHudhudâ has caused extensive damage to Port infrastructure, including conveyor system, storage sheds, and other storage areas. The extent of damage will only be assessed and estimated in due course. Further, at this preliminary stage, it is apprehended that it may take around four weeks or more for Port operations to begin in a phased manner, though port indicating they will endeavor with best efforts to resume Port operations as early as possible.
Krishnapatnam Port First Anniversary
Krishnapatnam Port Company Limited (KPCL)celebrates its first anniversary on July 17, 2009. Post the completion of first phase, in a record time of 18 months, it was inaugurated and dedicated to the nation a year ago by Smt. Sonia Gandhi, Honâble Chairperson UPA. Though port is in its maiden year, it is handling a wide range of cargo mix varying from iron ore, coal, coke, fertilizers, project cargo, raw sugar, granite, quartz, rock phosphate & gypsum and has brought in 8.4 Million MT of cargo in FY 2008-09. The port is being built in three phases and it has recently achieved Rs. 4,000/- crore financial closure for the 2nd phase of development especially at a time when the world economic conditions are apprehensive on new investment strategies.
