Phase One News

The transportation of CO2 is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research.Based on planned carbon capture projects, Rystad predicts that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade, volumes requiring 48 terminals to handle the import and export of the gas.As the global carbon capture, utilization and storage (CCUS) market expands…

The U.S. Army Corps of Engineers (USACE) is snapping back from the doldrums of COVID-19, wrapping up a strong first half of 2023 with a slew of awarded dredging work.“The federal government is no different from state and local governments, nor the private sector when it comes to COVID-19 work related recovery and USACE is not an exception,” said William P. Doyle, CEO of the Dredging Contractors of America. “The Army Corps has been steadily issuing contract awards since February, and that’s on the award side.

Maersk's APM Terminals has pledged a €962 million (US$1 billion) investment in its Brazilian operations up to 2026.This figure includes a €296 million of a total €483 million investment exclusively for the Phase One development of a new terminal in Suape. The terminal, located in Estaleiro Atlântico Sul, is in the final stages of acquisition and will rejuvenate infrastructure and increase competition in the port.APM Terminals has committed an additional €666 million of investment to the company’s four other terminals and inland depots, by 2026.

The U.S. Department of Energy (DOE) has released its Offshore Wind Energy Strategy, a first of its kind, comprehensive summary of the Department’s efforts to meet President Biden’s goal to deploy 30GW of offshore wind energy by 2030.The strategy aims to set the nation on a pathway to 110GW or more by 2050.Deploying 30GW of offshore wind would provide enough power for 10 million homes, support 77,000 jobs, and spur $12 billion per year in direct private investment, says the DOE.The…

U.S. liquefied natural gas (LNG) company Venture Global LNG said on Monday that it will go forward with the second phase of its Plaquemines LNG export plant in Louisiana after securing $7.8 billion of financing.Phase two's final investment decision (FID) comes after the first phase was sanctioned in May.Venture Global said that completes about $21 billion in total for Plaquemines, the largest project financing ever done in the space, to build the terminal that would produce about…

The list of projects on the United States’ inland waterways infrastructure to-do list is seemingly never-ending as the U.S. Army Corps of Engineers (USACE) continuously works to maintain, repair and, when possible, upgrade aging locks and dams throughout America’s vast network of navigable rivers.But there’s been progress toward modernizing the system, especially in recent years amid steadily rising annual appropriations that fund the Corps’ Civil Works mission, and Construction…

Heddle Shipyards said it has been awarded a $135.5 million dollar contract for the Vessel Life Extension (VLE) of the Canadian Coast Guard Ship (CCGS) Terry Fox.The nearly three-year project will involve an extensive engineering, planning and procurement phase, with shipyard work scheduled to begin in December 2023. This multi-year project will create and sustain over 200 hundred jobs at the Port Weller Dry Docks through the summer of 2025 when the CCGS Terry Fox is scheduled for redelivery.

The U.S. Army Corps of Engineers (USACE), Baltimore District, and the Maryland Department of Transportation (MDOT) signed a Project Partnership Agreement (PPA) for the $4 billion Mid-Chesapeake Bay ecosystem restoration project at MDOT Headquarters, August 23, 2022.The PPA – signed by Col. Estee Pinchasin, Baltimore District commander, and MDOT Secretary James F. Ports, Jr. – outlines the roles, responsibilities, and financial obligations for both partners for the restoration of both James and Barren islands in Dorchester County…

Subsea services provider James Fisher has chartered Go Marine Group's multi-purpose service vessel Go Electra for UXO identification services and IMR projects in the North Sea.The vessel will be used by James Fisher group companies James Fisher Renewables (JF Renewables) and James Fisher Subtech (JF Subtech) for the rest of 2022."The long-standing agreement will see quicker response times and tailored health and safety standards implemented, as well as stabilized and reliable day rates for customers.

Sandy Hook Pilots Association welcomed its new Pilot Station Boat New York, a converted Oil Spill Response Vessel (OSRV), which, at 208 feet long, is the largest in the Sandy Hook Pilots fleet.While welcoming the its new addition, Sandy Hook Pilots retired its predecessor, also named New York, which has been a familiar sight in the Port of New York and New Jersey harbor for nearly 50 years.On February 3, the new P/B New York sailed to its new home, the Sandy Hook Pilot base in Staten Island…

Plaquemines Port, Harbor and Terminal District (PPHTD) and APM Terminals have announced a Letter of Intent whereby APM Terminals will become the operator of the newly planned Container Terminal and Intermodal Rail Facility and external parties will be the investor in the new port. Plaquemines Port and their financial partners will manage the financial activities associated with the infrastructure development, investment, and ownership of the port.Governor of Louisiana John Bel Edwards applauded the announcement of the agreement.

The trade war continues to rage in the shade of the headline-grabbing supply chain disruptions. The tariffs are still in place and are unlikely to go anywhere despite the change of administration in the United States. While higher exports from the US to China under the Phase One Agreement have added volumes for tanker and dry bulk shipping, containerized imports to the US have shifted from China to other countries in the region. Despite an increase in exports, the commitments made in the Phase One Agreement are a long way off and unlikely to be met…

Top U.S. trade negotiator Katherine Tai on Monday pledged to exclude some Chinese imports from tariffs imposed by former President Donald Trump while pressing Beijing in "frank" talks over its failure to keep promises made in Trump's trade deal and end harmful industrial policies.Tai said the United States would keep all options open as it continues to push China to stop pouring billions of dollars of state subsidies into its semiconductor, steel and other industries that Washington says harm U.S.

Many agricultural trades have been exceptionally strong in 2021, and several grain types have experienced record high exports, says shipping industry organization BIMCO. U.S. corn exports are no exception, reaching a record high of 49.1 million tonnes between September 1 (when the marketing year started) and May 20. This is 77.6% higher than in the 2019/2020 marketing year which recorded exports of 27.7m tonnes and finished the season at 43.3m tonnes (September to end-May), a…

The U.S. Army Corps of Engineers (USACE) is evaluating remote operation of locks within the U.S. inland waterways system. Timetables are hazy, but the Corps plans to include remote operations capabilities during rehabilitations or new construction, in the work planned, for example, in the Upper Ohio Navigation Project, part of the USACE’s Pittsburgh District.In fact, the first install project is being readied at Lock & Dam 4 on the Monongahela River. L&D 4 is also known as Charleroi Locks and Dam because it’s at Charleroi, Pa, at river mile 41.5, between Pittsburgh and Fairmont, W.Va.

Rolls-Royce said it has been selected to supply its mtu naval generator sets for phase one of the U.S. Navy’s Constellation (FFG-62) class frigate program, previously known as the FFG(X) program. Rolls-Royce has received a contract for the first shipset to provide four mtu naval generator sets, each rated at 3,000 kWe at 1,800 rpm.Construction on the first ship is expected to begin later this year after Fincantieri Marinette Marine (FMM) of Marinette, Wis. was awarded the build contract for the project in 2020…

The U.S. Army Corps of Engineers (USACE) said the New Lock at the Soo project is on schedule as construction resumes on phase one and is initiated on phase two this week.Trade West Construction, Inc., and joint venture Kokosing-Alberici began moving equipment to the site the week of April 12 and 19.Trade West continues phase one, deepening the upstream channel to the Sabin and Davis Locks, which will be replaced by the new lock. USACE officials expect phase one completion in November 2021.Kokosing-Alberici is starting phase two this year, rehabilitating the upstream approach walls.

Longer sailing distances cushion fall in US crude oil exportsTon mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms, seaborne crude oil exports have fallen by 18.8%, to 20.9m tonnes, a 4.8m tonnes decline compared with last year, according to data from the US Census Bureau.While seaborne crude oil exports to all regions have fallen, those to Asia are among the least affected, down just 1.0%, or equivalent to one Aframax load (101,088 tonnes).

Tero Marine has launched its TM Insights solution, an interactive visualization tool that converts real-time data into intuitive reports and charts which, when measured against pre-determined KPIs, identify trends and uncover hidden problem areas so remedial action can be taken to improve operational efficiency.Fully integrated to work with Tero Marine’s TM Master suite, TM Insights works with Microsoft’s Power BI software to give companies a complete and transparent overview of business performance from any desktop or mobile device and in any location.

While the tanker market had a strong run at the outset of the COVID-19 pandemic, according to a report released this morning by BIMCO, tanker shipping will not benefit this year from the usual strong winter seasonal effect. Though the new lockdowns being introduced in many countries are less strict than in the spring, the effect on tanker shipping will be worse, given the supply glut of Q2. The news of an effective vaccine offers some hope of a global oil demand recovery but, however it comes about…

According to BIMCO, 40% of Phase One goal reached for US manufactured goods to ChinaExports from the US to China of the manufactured goods included in the Phase One agreement between the two countries reached $31.1 billion in the first nine months of the year. This is just 40% of the $78.4 billion commitment under the agreement.“BIMCO has always believed the targets were unachievable, but every additional volume shipped has been welcome, particularly when it comes to dry bulk and energy goods,” says Peter Sand, BMICO’s Chief Shipping Analyst.

Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By October 15, 11.4 million tons of soya beans had been exported by the US, an 85.3% jump from the first seven weeks in the previous marketing year. It is also 19.4% above the previous record in the 2017/2018 marketing year in which 9.6 million tons of soya beans were exported in the same period.Average weekly exports so far this year stand at 1.6 million tons…

In the first eight months of 2020, value of the trade of the commodities included in the Phase One agreement between the U.S. and China reached 30.9% of the total commitments under the agreement, says shipping association BIMCO. The goods are separated into three categories, with manufactured goods closest to reaching the target (36.4%), agricultural goods next (28.8%) and energy goods last (17.4%). The share of commitments reached is measured in value terms, as these form the basis of the agreement.August was the strongest month of the year…