Guyana's Shore Base Project Could Cut Shipping Costs by About 12%
Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock.A consortium consisting of U.S. companies Exxon Mobil Corp and Hess Corp and China's CNOOC began production in Guyana in 2019 and has ramped up output since, aiming at 1.2 million barrels per day of crude and gas capacity by 2027.But onshore…
OP/ED: Is Short Sea shipping on the horizon along the Atlantic Intracoastal Waterway?
Are paradigms shifting on the increased role of inland waterways with respect to short sea shipping and the Nation’s marine transportation system? Investigation and implementation of new commerce shipping avenues are becoming more common along the Eastern seaboard of the United States with each new announcement of a Port Authority supporting the development of shipping routes for container on barge services.In the past few weeks, the South Carolina Ports Authority (SCPA) furthered their quest to develop a marine highway to support the Port of Charleston in South Carolina.
SCPA Logs 10% 1Q Growth
South Carolina Ports Authority (SCPA) saw strong container volume growth during the first quarter of the 2016 fiscal year, with TEU volumes 9.5 percent higher than the same period last year. SCPA handled 167,549 TEUs last month, an 11.1 percent increase from September 2014 volumes. Since the 2016 fiscal year began in July, SCPA has moved 513,299 TEUs. As measured in pier containers, 289,610 boxes have moved across SCPA docks fiscal year to date. Pier container volume is up 8.6 percent from the 266,741 boxes handled during the same period last fiscal year. "Our growth is indicative of broad-based strength across all market segments," said SCPA president and CEO Jim Newsome.
Container Volumes on the Rise in South Carolina
The SC Ports Authority announced another month of double-digit container growth, with fiscal year-to-date volumes up 13 percent year over year. The port handled 144,218 twenty-foot equivalent units (TEUs) in November, an increase of 8 percent over the same month last year. Fiscal year to date TEU volumes are 11 percent ahead of plan, with 777,566 TEUs handled since July. As measured in pier containers, SCPA handled 82,466 boxes last month, an increase of 10 percent over November 2013 volumes. Fiscal year to date, pier container volume is up 14 percent year over year.
South Carolina Ports Project Funding Agreed by US Senate
The U.S. Senate has overwhelmingly passed the Omnibus appropriations bill, allowing key SC Ports Authority projects to proceed, says the Ports Authority. The bill was passed by the U.S. House of Representatives with support of five members of the South Carolina delegation, and it now goes to the President's desk for signature. The bill includes funding for the U.S. Army Corps of Engineers to continue its Feasibility Study of the Post-45 Harbor Deepening project, which expects to receive its Chief's Report in September 2015…
