Downstream News

French energy giant TotalEnergies and Oman National Oil Company (OQ) have reached the final investment decision (FID) on the Marsa LNG project, which will feature an LNG plant completely powered by renewable energy that will produce LNG for use as a marine fuel for maritime transportation.Through their joint company Marsa Liquefied Natural Gas (Marsa), TotalEnergies (80%) and OQ (20%) have launched the integrated Marsa LNG project which combines upstream gas production, downstream gas liquefaction…

Mitsui O.S.K. Lines (MOL) has started commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in Indonesia.MOL owns the FSRU through PT Jawa Satu Regas (JSR), jointly established by PT Pertamina (Persero), Marubeni Corporation, Sojitz Corporation, and other partners.Built by Samsung Heavy Industries in South Korea, the Jawa Satu FSRU has a storage capacity of 170,000 m3, with 300 MMcsfd of regasification capacity.The…

The Unified Command continues to coordinate response operations to the Francis Scott Key Bridge collapse despite the challenging weather conditions which included severe thunderstorms and high winds on Wednesday.Trained crews, in conjunction with the Unified Command, are conducting routine salvage assessments. Divers are on scene to conduct underwater surveys along with mapping out plans for future wreckage removal. “Our operations continue but will be adjusted as necessary in response to any adverse weather conditions,” said U.S.

"The Columbia River and its tributaries, wetlands, and estuaries are the lifeblood of the Pacific Northwest, providing abundant water, power, recreation, agriculture, transportation and natural resources that have supported livelihoods, cultural and spiritual practices, commerce and economic growth.” - President Biden, Memorandum of September 27, 2023.Those abundant benefits directly impact about 13 million people in the Pacific Northwest. Hydropower extends that plentitude to millions more, powering cities and industry from Idaho to California.

When the Rubymar sank in the Red Sea after a Houthi attack, the ship went down carrying 21,000-tonnes of fertiliser which could trigger massive algal blooms that could create "dead zones" for marine life and starve coral reefs of light.Alongside a slick of leaking fuel, the ammonium phosphate sulphate fertilisers could deliver an extreme pulse of nutrients into waters harbouring rare corals, marine mammals and reef fish, creating a spread of foamy scum on the water.According to a maritime warning circulated to ships in the area…

Big data, advanced computers and AI are allowing vessel designers to prepare models that leave essentially nothing to chance.“Lastly, it may be of considerable importance to form from the draught a block model of the vessel from which a still more accurate judgment may be formed of the fitness and beauty of the body. And should any defect be discovered, farther alterations must still be made, till the draught and the model are perfectly approved of. These different alterations and repeated calculations may appear very tedious…

U.S. Customs and Border Protection has issued a ruling to New Fortress Energy, confirming that the transportation of LNG produced at the its FLNG facility located offshore Altamira in Mexico by non-U.S. qualified vessels would not violate the Jones Act.As a result of this ruling, NFE is now able to sell and deliver LNG produced at its FLNG facility located offshore Altamira, Mexico to U.S. locations, including Puerto Rico.Puerto Rico represents a key downstream market for New Fortress Energy…

Oslo-headquartered dry bulk shipping company Golden Ocean Group announced its board has appointed Lars-Christian Svensen as CEO, effective January 1, 2024.Svensen had been serving as interim CEO following the resignation of the company's previous CEO, Ulrik Andersen, in June 2023.Svensen joined Golden Ocean as chief commercial officer in December 2020 and was previously senior vice president in Norway and president of U.S. trading activities in Seattle for Western Bulk. Before that, he was a downstream analyst for Petredec and a tanker broker for Cmarine Services PTE Ltd. in Singapore.

The United States’ vast network of navigable inland rivers is vital to the nation’s economy, serving as an aquatic superhighway for the efficient shipment of critical commodities like agricultural goods, energy products, building materials and industrial chemicals to destinations within the U.S. and to deepwater ports for export. The Waterways Council, Inc. (WCI), which advocates for a modern, efficient and well-maintained inland waterways, often describes the network as “the…

The U.S. Army Corps of Engineers, New Orleans District is working to delay upriver progression of salt water from the Gulf of Mexico by augmenting the sill initially constructed in July 2023.Construction is underway to increase the existing underwater sill from a depth of -55 feet to a depth of -30 feet. A 620-foot-wide navigation lane will be kept to a depth of -55 feet to ensure deep-draft shipping continues along the nation’s busiest inland waterway.USACE initially constructed…

The goal of engineering analysis is to use models of the real world to simulate and predict the performance of a design with confidence, explore design modifications, and inform downstream stakeholders—the owners, builders, operators, and passengers—with knowledge that the design works as intended before it is built. To do so, we need models that characterize the physical world. That is easier said than done, but it underpins much of what we do as engineers. This is precisely…

The U.S. Army Corps of Engineers Pittsburgh District awards a nearly $30 million contract to remove the Monongahela River Locks and Dam 3 in Elizabeth, Pa.The district awarded the dam removal contract to the Pittsburgh-based Joseph B. Fay Company.The work is part of the Lower Monongahela River project, which includes the construction of the larger lock chamber at Locks and Dam 4 at river mile 41.5 near Charleroi and the replacement of the fixed-crest dam with a gated dam at Locks and Dam 2 in Braddock…

Danish shipping company Norden and Canadian mining company Teck Resources announced an agreement to reduce CO² emissions in Teck’s steelmaking coal supply chain.The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 tonnes of CO², equivalent to removing over 1,400 passenger vehicles from the road.Norden said it will achieve emission reductions by utilizing a range of solutions, including the use of fuel-efficient ships…

HydroComp is a well-established, small engineering firm focused on hydrodynamic and propulsion system simulation, providing design tools for engineers and naval architects to focus on vessel performance, including emissions. Don MacPherson, HydroComp’s long-tenured Technical Director, discusses the impacts of tightening emissions regulations, with insights on maximizing new vessel designs and refits.Don, maritime has been in the crosshairs of regulators to reduce emissions. What do you see as the top new regulatory issues that are impacting ship and boat design…

The Baltic Exchange's main sea freight index fell to its lowest in nearly three weeks on Monday, on weaker demand across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels carrying dry bulk commodities, was down 36 points, or 2.3%, at 1,522 points in its third consecutive decline.The capesize index lost 71 points, or 2.9%, to a 10-day low of 2,385 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $590 to $19,777.Dalian and Singapore iron ore futur

Germany-based inland waterway shipping firm HGK Shipping has signed a memorandum of understanding with Hydrogenious LOHC Maritime and Hydrogenious LOHC Technologies to work on developing a scalable solution to make hydrogen available as a source of energy on a large scale. The technology is based on hydrogen, which is bound in a liquid carrier (LOHC, liquid organic hydrogen carrier). The partners are planning to develop a demonstration vessel by 2028 and then put it into service…

ZIM Integrated Shipping Services Ltd. and Shell International Petroleum Company Limited announced the successful bunkering of the ZIM SAMMY OFER containership with liquefied natural gas (LNG), marking the first LNG bunkering operation in Jamaican waters. The vessel was bunkered at Kingston Freeport Terminal Limited (KFTL) on March 26, 2023. The ZIM SAMMY OFER is the first in a series of ten 15,000 TEU LNG dual-fuel containerships which ZIM plans to deploy on their ZCP trade line.

State oil giant Abu Dhabi National Oil Co (ADNOC) plans to float its marine and logistics subsidiary in the coming months, two sources said, the second initial public offering of one of its businesses this year.ADNOC, which raised $2.5 billion from listing its gas business in March, is gearing up for a June listing of ADNOC Logistics & Services (ADNOC L&S), said the sources, declining to be named as the matter is not public.HSBC was appointed as joint global coordinator on the syndicate this week…

A Mackinac Island passenger ferry will be converted to zero-emissions electric power with the help of a $3.06 million award from the Michigan Department of Environment, Great Lakes, and Energy (EGLE) Fuel Transformation Program (FTP) Part 2.Star Line, now known as the Mackinac Island Ferry Company (MIFC), will replace two 1988 diesel engines with two brand new electric propulsion motors on a ferry, the Chippewa, reducing greenhouse gas emissions by 14,152 metric tons of carbon dioxide equivalents and 887 metric tons of nitrogen oxides over the boat’s lifetime.

The Great Lakes' 2023 shipping season will commence on March 25 with the opening of the Poe Lock at 12:01 a.m., the U.S. Army Corps of Engineers, Detroit District announced.The operating season is fixed by federal regulation and driven in part by the feasibility of vessels operating in typical Great Lakes ice conditions.The Poe Lock closed January 16 to undergo critical repairs and maintenance during the 10 week-long winter shutdown. Maintenance crews performed a variety of critical tasks on the Poe Lock…

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and FueLNG, a joint venture between Keppel Offshore & Marine Ltd and Shell Eastern Petroleum (Pte) Ltd, have completed the first bunkering to an LNG-fueled pure car and truck carrier (PCTC) vessel in Singapore.NYK’s Jasmine Leader, one of the largest PCTC vessels in the world, successfully completed her LNG bunkering with FueLNG Bellina on March 8, 2023.“We are delighted to have achieved the first PCTC LNG bunkering through Jasmine Leader in Singapore,” said Yuji Nishijima, Executive Officer in charge for fuel procurement of NYK.

German container liner Hapag-Lloyd announced it has signed a multi-year agreement with Shell to bunker its ultra large dual-fuel containerships with liquefied natural gas (LNG) in the Port of Rotterdam.LNG bunkering for these 12 new 23,500+ TEU vessels is expected to start during the second half of 2023 as the ships deploy on Europe-Far East routes, calling ports such as Rotterdam, Hamburg, Singapor, and Shanghai.Hapag-Lloyd, which aims to achieve net zero carbon emissions by 2045…

Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism of the oil industry and sparked calls for more countries to levy windfall profit taxes on the companies.Exxon's results far exceeded the then-record $45.2 billion net profit it reported in 2008…