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East Coast Of Us News

10 Apr 2023

Rare Shipments of North Sea Forties Crude Head to East Coast Refiners

U.S. and Canadian refiners have turned to North Sea "Forties" crude oil for the first time in seven years in the latest sign of changing global oil flows from Russia's invasion of Ukraine. Nearly 2.6 million barrels of the crude are set to arrive at U.S. East Coast ports since February, according to Customs data on Refinitiv Eikon. Some of the oil is likely headed to Canada via pipeline. The light, low-sulfur Forties crudes are blended with others to replace Russian crudes that have been barred from the U.S. and Canada. Prior to the ban, about 50% of all crude from Russian ports that landed in the U.S. went to East Coast refineries, the customs data showed. The tanker Sea Turtle in February discharged 770,000 barrels of Forties and Forties blend crudes in Maine, destined for Suncor Energy.

27 Jan 2022

Ørsted and Eversource to Charter Newbuild CTVs from WindServe and AOS

WindServe Marine's WindServe Odyssey began operations in 2020 (Photo: WindServe Marine)

Offshore wind developers Ørsted and Eversource announced Thursday that they have chosen two regional vessel operators that will partner with Rhode Island shipyards to build crew transfer vessels (CTV) to service their wind farm projects in the U.S. Northeast. The joint venture partners revealed plans to charter five new Jones-Act-compliant CTVs, including three from New York-based WindServe Marine and two from Massachusetts-based American Offshore Services (AOS).The purpose-built aluminum catamarans are designed to handle the unique offshore conditions at the wind farms…

24 Mar 2020

Cargo Vessel Crewman Medevaced off US East Coast

(File photo: Ryan Dickinson, USCG)

The U.S. Coast Guard said it medevaced a 41-year-old man from the Teal Arrow, a 544-foot cargo vessel, approximately 50 miles southeast of Charleston, S.C., Tuesday.An Air Facility Charleston MH-65 Dolphin helicopter crew hoisted and transported the man to the Charleston Executive Airport where emergency medical services took him to the Medical University of South Carolina for further medical care.At approximately 4:44 p.m. Monday, Coast Guard Sector Charleston command center…

13 Sep 2018

Navy, Coast Guard Assets Repositioned as Florence Threatens

Preparations underway all along the Eastern Seaboard. As Hurricane Florence threatens a wide swath of the U.S. East Coast, the U.S. Navy and Coast Guard are taking no chances as the dangerous storm advances westward. As that happens, most Navy ships are departing ports in Virginia. As many as 30 vessels from Naval Station Norfolk and Joint Expeditionary Base Little Creek on Monday. Following close behind, the Coast Guard’s medium endurance cutter Bear could also be seen heading for sea.As all Navy installations in the Hampton Roads area were making preparations for the storm’s possible arrival, further south in North Carolina, commercial ports were making similar arrangements.

21 Dec 2016

Big Slowdown for US Coal Exports -BIMCO

Source: BIMCO, EIA

Since Q1 2013, the significance of U.S. coal exports has seen a considerable setback, with 2016 achieving the same levels as 2009. This is due to the long-haul routes carrying coking coal from the U.S. East Coast and U.S. Gulf Coast to East Asia, are not operating to the same extent and the EU is demanding less thermal coal, says shipping organization Baltic and International Maritime Council (BIMCO). When BIMCO first published its story concerning U.S. coal in 2013, U.S. coal exports had the most significant coal trade in the world, measured by metric-ton-miles.

01 Nov 2016

Europe Rushes to Meet US Fuel Demand, Spiking Freight Costs

File photo: Aurelie Moulin

European oil traders rushed on Tuesday to book vessels to carry gasoline to consumers on the U.S. East Coast left stranded without their main domestic supply source, more than quadrupling shipping costs, traders and ship brokers told Reuters. An explosion late on Monday on the Colonial pipeline, which carries roughly one-third of the 3.2 million barrels per day (bpd) of gasoline consumed on the East Coast, makes U.S. drivers more reliant on imported oil products. But by noon on Tuesday…

04 Sep 2014

MN 100: Harvey Gulf International

Harvey Gulf International Marine, LLC specializes in towing drilling rigs and providing Offshore Supply and Multi-Purpose Support Vessels for deepwater water operations in the U.S. Gulf of Mexico. Until the late 1990’s, Harvey Gulf maintained and operated a fleet of both offshore, and inland towing vessels that towed, among other things, jack-up and semi-submersible drilling rigs, bulk cargo barges, and large structures and facilities laden on barges. Harvey Gulf also regularly towed liquefied natural gas (propane) filled barges from Louisiana to ports in the Caribbean, U.S.

24 Mar 2014

Storm Approaching Waters East of US, Canada

A very rapidly developing storm is expected off the East Coast of U.S. and Canada as air pressure is forecast to drop abt 30 hPa in 12 hrs; from abt 998 hPa 26/00UTC to abt 968 hPa at 26/12UTC, after that the low deepens further on NE-ly track.   Widespread Storm and high sea (9-14 max 20m) in connection with the low 26-27 as it moves NE-wards along U.S./Canada East Coast.   Also vessels moving short coastal distances along U.S. and Canada East Coast should keep themselves updated on the development.

22 Mar 2013

Panama Canal Authority Board of Directors’ Chairman Hears Savannah Update

GPA Vice Chairman Stephen S. Green (at left) and Executive Director Curtis Foltz welcome Panama’s Minister for Canal Affairs Roberto Roy (center) to the Port of Savannah Friday. Photo: Georgia Ports Authority

In a visit to the Port of Savannah, Panama’s Minister for Canal Affairs Roberto Roy described progress on the canal expansion and heard the latest news on deepening the Savannah Harbor to 47 feet. “With the historic expansion of the Panama Canal nearing completion, I applaud Georgia for making the improvement of its port infrastructure a fiscal priority,” said Roy, who also serves as Panama Canal Board Chairman. The Record of Decision, signifying final federal approval for the Savannah Harbor Expansion Project, was issued in October 2012.

20 Mar 2002

Chemoil Consolidates U.S. Ops

Chemoil Corporation has announced the planned consolidation of its US offices. Chemoil's Houston office, which opened in 1986, will be closed in July of 2002. This office has been responsible for Chemoil's trading and operational activities in the US East Coast and US Gulf Coast. These responsibilities will be centralized to the San Francisco office. In 1998, Chemoil made a partial consolidation moving its marketing activities to San Francisco. centralized coordination as the company expands its cargo trading operations. years. In 1997, 70% of Chemoil's turnover came from selling bunkers with 30% from cargo trading activity. in of $3.5 Billion, and while bunker sales have grown, they now make up just 25% of the Group sales.

23 Jan 2007

Marks & Spencer Signs Contract with Drewry

Marks & Spencer joined other multinationals from North America, Asia and Europe which have found in Drewry’s 150 sets of port region-to-port region container freight rates a valuable source of pricing benchmarks to help their transport procurement decisions. Due to the launch of the global container freight rate benchmarks and associated regional and global freight rate indices, Drewry is making the unique, industry-first freight rate data available on-line to subscribers at www.containerbenchmarks.com. This interactive on-line database provides current and historical market-based container freight rate benchmarks for multiple trade routes and port pairs. The rate benchmarks are based on averages of rates paid by shippers to freight forwarders.

25 Sep 2006

New York Firm to Buy Maritrans

Overseas Shipholding Group Inc. has a definitive agreement to acquire Maritrans Inc., for $455 million. Terms call for New York-based Overseas Shipholding to acquire Maritrans in an all-cash transaction for $37.50 a share, a 47 percent premium over Maritrans' closing price of $25.50 on Sept. 22. OSG also will assume Maritrans' debt outstanding as of June 30, according to a release from the companies. OSG will finance the deal through a combination of available cash and borrowings under existing credit facilities, the release said. Maritrans ships crude oil and petroleum products, and owns and operates one of the largest fleets of double-hull vessels serving the East coast and U.S. Gulf coast. OSG is one of the largest publicly traded tanker companies in the world.