Army Corps Assessing Louisiana Calcasieu Ship Channel After Delta
The U.S. Army Corps of Engineers said on Tuesday it has identified three obstructions from Hurricane Delta that have to be removed before it can reopen the Calcasieu Ship Channel in Louisiana to deep draft vessels.The Army Corps, however, said it needs more data before it can estimate how long it will take to dredge the channel.That channel allows tankers to access the Cameron liquefied natural gas (LNG) export plant, the Lake Charles refineries owned by Citgo Petroleum Corp and…
Texas Ranks Third for U.S. Maritime Jobs, Houston No. 2
Texas ranks third among all states for domestic maritime jobs with Houston ranked second among all U.S. cities for its contribution to the U.S. maritime industry, according to a new study PricewaterhouseCoopers (PwC) for the Transportation Institute and released by the American Maritime Partnership (AMP), the voice of the U.S. domestic maritime industry. The domestic maritime industry, comprised of the vessels which move cargoes between American ports, pumps $8 billion annually into the Texas economy, and provides 39,190 Texas maritime jobs, with $2.3 billion in worker income.
Equalizer to Launch Spreading Wedges at OTC
In his State of the Union speech, President Obama cited America's aging energy, oil and gas and petrochemical infrastructure as cause for concern and that steps should be taken to fix issues before breakdowns occur. Failures and unplanned downtime become an increasing possibility as refineries, petrochemical plants and offshore rigs reach the latter stages of their designed lifespan. Equalizer International is introducing the world’s most powerful flange spreading wedges, the SWi range…
Cooper Industries Buys S. Korean Supplier
Cooper Industries, Ltd., Houston, TX, has acquired Hyundai Explosion-Proof Electric Company, a South Korea-based manufacturer of explosion-proof electrical equipment. HEPEC specializes in explosion-proof Glass Reinforced Plastic lighting, control panels and switchgear and its products are complementary to the current Cooper Crouse-Hinds product offerings. The acquisition provides Cooper with increased access to the South Korean market, with its strong shipbuilding industry and where significant investment to upgrade domestic energy and petrochemical infrastructure is underway. The HEPEC acquisition is the eighth deal announced by Cooper in 2007. Cooper Industries is a global manufacturer with 2006 revenues of $5.2 billion, about 85% of which are from electrical products.
