New Terminal to Provide US Port of Albany Crude Oil Storage
Buckeye Partners, sign a multi-year agreement with an Irving Oil subsidiary for multi-million barrel storage facility in Port of Albany on the Hudson River. The approximately 1.8-million barrel storage facility located within the Port of Albany along the Hudson River is expected to begin handling crude oil on November 1, 2012. Buckeye plans to make modifications to the Albany terminal that, once completed, will allow the terminal to handle both crude oil and ethanol unit-trains with a total capacity in excess of 135,000 barrels per day. "Rail transport has become a critical component of the logistics chain as domestic crude oil production has increased significantly," said Clark C. Smith, Buckeye's President and Chief Executive Officer.
Steering into the Future Aboard Lincoln Sea
Everyone knows everyone else's business in this industry, or at least they think they do, and certainly try to. Who owns this or is buying that is information as eagerly sought for tactical insight as it is for gossip, and is equally protected by those in the know. The ex-S/R Everett, lately known as the Lincoln Sea, has been a buzz on New York harbor ever since the newswires hummed with reports that K-Sea had bought the Mobil-built boat. But that was back in January. If it's true, the scuttlebutt asked, how come the winter has passed, the spring has passed, and the boat's still painted blue - not the white superstructure, green decks, tan stacks, and red trim of K-Sea?
