POTAC Signs Dock Usage Pact with Port of Corpus Christi
POTAC (Pin Oak) announced the execution of a ten year exclusive use agreement for Suezmax vessels at Public Oil Dock 14 with the Port of Corpus Christi, including extension options, exercisable by the Company, which could extend the agreement for up to an additional ten years.In addition to Suezmax vessels, Pin Oak will be able to efficiently load / unload Aframax, Panamax, and other smaller vessels and barges. This agreement follows the commencement of construction on Pin Oak's nine pipelines crossing under the Corpus Christi Ship Channel, eight of which will connect to Public Oil Dock 14.The dock is designed to load product at a minimum rate of 40…
After Barge Accident Mississippi River Traffic May Reopen Friday
Mississippi River barge traffic could reopen Friday at the earliest, government officials said on Wednesday, a day after a barge struck a railroad bridge at Sabula, Iowa, forcing the closure of a two-mile (3.2 km) stretch of the country's busiest waterway. The U.S. Coast Guard was investigating damage to the railroad bridge owned by Canadian Pacific Railroad Ltd while the U.S. Army Corps of Engineers was traveling to the site to survey the waters for any debris. "Currently the river is closed to vessel traffic. It will be closed through Friday at least," said Mike Reed, chief of prevention for the Coast Guard's upper Mississippi River sector. A vessel towing 15 barges upriver hit the bridge on Tuesday, damaging a portion of the protective pier.
