Us Terminal News

Liberty Green Logistics LLC, (Lake Success, NY) formed an offshore wind supply chain consortium to provide "Factory to Farm" logistical support and integrated supply chain services to the U.S. offshore wind industry. The consortium is on a non-exclusive basis and available as a one stop shop for developers, OEM’s, and EPC contractors, providing services ranging across ports & terminals, vessels, and supply chain logistics. Since the inception in May 2021 Liberty Green has enrolled 17 consortium members…

U.S. terminal and logistics company Enstructure announced it has entered into a definitive agreement to acquire Patriot Port Holdings LLC. Patriot Ports, the ports division of Patriot Rail & Ports and a sister company of Patriot Rail Company LLC, works in breakbulk, specialty cargo and cold storage, operating six terminals in Jacksonville, Fla.; Savannah, Ga.; Mobile, Ala.; and Sunny Point, N.C. with approximately 1.2 million square feet of industrial warehouse capacity, including 10.2 million cubic feet of cold storage.Following the acquisition…

Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storage facilities fill up amid abundant supply and plummeting demand due to the coronavirus crisis.Dozens of oil tanker vessels have been booked in recent days to store at least 30 million barrels of jet fuel, gasoline and diesel at sea, acting as floating storage, as on-land tanks are full or already booked, according to traders and shipping data.That adds to about 130 million barrels of crude already in floating storage…

The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage between the U.S. and the Far East.According to BW LPG, the owner and operator of liquid petroleum gas (LPG) vessels,  the recovery in VLGC freight rates was further strengthened by two occasions of fog and a temporary closure of the Houston Ship Channel due to fire and chemical spills.For 2019 we are optimistic that average VLGC rates will improve from the 2018 average of US$17,300 per day to a level above our cash break-even levels.

The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off Houston, blocking the pipeline operator from filing paperwork with U.S. regulators, an executive said on Wednesday.Enterprise plans to file a 10,000-page permit application with the U.S. Maritime Administration and the U.S. Coast Guard as soon as the U.S. government reopens. It takes about a year for regulators to process an application for a deep-water terminal."Tell me when the government opens and I'll tell you when it happens…

Missiles flew about 200 km into sea off east coast - S.Korea; launch is fourth by Pyongyang in four weeks. North Korea fired what appeared to be several land-to-ship missiles off its east coast on Thursday, South Korea's military said, a day after the South postponed full deployment of a controversial U.S. anti-missile system designed to deter a North Korean attack. The launches, the latest in a fast-paced series of missile tests defying world pressure to rein in its weapons programme, come less than a week after the United Nations Security Council passed fresh sanctions on the reclusive state. South Korea on Wednesday said it will hold off on installing remaining components of the U.S.

Governor Nathan Deal, Port of Savannah officials and the maritime community were on hand to welcome the COSCO Development, the largest containership to ever call on the U.S. East Coast as it handled 5,500 containers, a record for Georgia’s ports. “This is another example of how the Port of Savannah is the gateway not just for the U.S. Southeast, but for America’s East Coast,” said Georgia Governor Nathan Deal. During the ship’s 30 hours at dock, up to six cranes moved 10,000 TEUs (Twenty-foot Equivalent container Units) on and off the vessel, which translated into more than 50 percent of the vessel’s entire volume for its maiden voyage to the U.S. East Coast. With a capacity of 13,092 twenty-foot equivalent container units, the Development measures 1,201 feet long and 158 feet wide.

The Georgia Ports Authority achieved outstanding January results, with double-digit growth across all business sectors and a 26 percent increase in total tonnage. "The Port of Savannah is unrivaled in its connectivity into the heartland of the U.S. and the service excellence that port customers enjoy," said GPA Executive Director Griff Lynch. Lynch credited those supply chain efficiencies for the record 3 million tons of cargo GPA moved in January, up 623,504 tons compared to the same month a year ago. Containerized trade saw strong growth, with 331,468 twenty-foot equivalent units crossing the docks at the Port of Savannah, up 16.2 percent, or 46,167 TEUs. Of that trade, loaded containers accounted for approximately 268,000 TEUs, also a record.

The Seoul Central District Court Thursday decided to end the bankruptcy protection of Hanjin Shipping Co. Ltd (Hanjin Shipping), leaving the company to succumb to a declaration of bankruptcy later this month, Yonhap reported. Hanjin, once the world's seventh- or eighth-largest container shipper, filed for court receivership in late August 2016 as its creditors, led by the state-run Korea Development Bank (KDB), said they would not provide additional financial support to Hanjin starting from September 4. “Now that the sale of Hanjin’s major assets is almost over, the time has come to declare its final fate,” WSJ quoted Choi Ung-young, a judge on the Seoul court as saying. Choi said the shipping line has hardly any value as a going concern and that the court will likely rule on Feb.

Bankrupt South Korean shipping line Hanjin Shipping Co Ltd won U.S. court approval at a hearing on Wednesday for the $78 million sale of its stake in U.S. terminal operator Total Terminals International LLC, overcoming objections of container companies.   "My decision is to approve the sale," U.S. Bankruptcy Judge John Sherwood said, adding he would approve the transfer of the sale's proceeds to South Korea.   The container companies are creditors of Hanjin and were concerned whether the shipping line was getting top dollar for its 54 percent stake in Total Terminals, which operates container terminals at the ports of Seattle and Long Beach, California, and was rushing to close the transaction. It has already been approved in South Korea.   Reporting by Jim Christie

South Korean ocean carrier Hanjin Shipping Co. signed a deal to sell its stake in the U.S. port operator that runs Long Beach, Calif.’s, biggest container terminal to Mediterranean Shipping Co. (MSC), reports WSJ. Hanjin, which for bankruptcy protection in August, had signed a contract to sell its 54% stake in Total Terminals International LLC to Geneva-based MSC, the world’s second largest container operator by capacity. The exact value of the deal wasn’t known. The Seoul Central District Court handling Hanjin’s insolvency proceedings approved the deal on the condition it also is endorsed by a U.S. Bankruptcy Court and the U.S. port authority. Hanjin owned a 54% stake in Total Terminals International, while MSC had controlled the remaining 46%.

The South Carolina Ports Authority (SCPA) has today filed a rule in its Marine Terminal Operating Schedule (MTOS) outlining its process for adherence to the IMO regulations regarding Safety of Life at Sea (SOLAS) Regulation VI/2, consistent with the U.S. Coast Guard Maritime Information Safety Bulletin on this topic, which outlined that existing procedures to comply with U.S. terminal safety regulations could be used to comply with this important regulation. This provision allows the Port of Charleston to provide VGM data directly to ocean carriers via EDI 322 messages as today and provides that shippers using the Port of Charleston authorize this practice, unless they make other arrangements with their ocean carrier.

Houston-based Cheniere Energy Inc has began production at what will become the first U.S. terminal to export natural gas from shale formations. It has officially flipped the switch at its liquified natural gas (LNG) export terminal in Louisiana, bringing production online to fill its first LNG export cargo set for January 2016. According to Bloomberg, Cheniere Energy is receiving about 50 million cubic feet of natural gas a day. The company is chilling the natural gas into liquefied natural gas, and then storing it in tanks. Cheniere noted that the first cargo ship will leave its complex in January by tanker and BG Group is contracted to receive the first shipment. Production began at Cheniere's long-anticipated liquefaction facility at Sabine Pass on Dec.

Greece's Piraeus Port (OLP) , the largest in the country, said its first-half net profit was almost unchanged from the same year-ago period, while sales fell. Piraeus Port, which is privatisation, is one of the busiest passenger ports in Europe, a popular destination for cruise ships and one of the top cargo ports in the Mediterranean. The state-owned company reported a net profit of 3.3 million euros (4.3 million US dollar) in the first six months of 2014. Sales dropped by 3.3 percent to 50.2 million euros, the company said in a statement on Wednesday.

M&A (Merger & Acquisition) activity in the US container terminal sector is currently at its highest level since the boom time of the mid-2000s. However, whilst the type of buyer is largely similar to what it was, the rationale for pursuing today’s deals is different, considers Drewry Maritime Research (DMR) in their latest 'Container Insight Weekly'. The US container terminal sector has seen numerous high profile deals so far this year.Most of the parties on the buy side of the deals are infrastructure and financial players – the same type of buyers that were most active in acquiring US terminals in the mid-2000s. Their aims and motivations today though are somewhat different to what they were.

China's Cosco Group and four other suitors have been shortlisted as potential buyers of a majority stake in Piraeus Port Authority OLP, Greek privatisation agency HRADF said on Thursday. Greece is aiming for privatisation revenues of 1.5 billion euros this year by selling a stake in OLP and in Thessaloniki Port Authority OLTH, as well as by privatising railway operator TRAINOSE, rolling stock company ROSCO and some regional airports, among other assets. The other potential OLP investors shortlisted were: U.S. terminal operator Ports America; Dutch container terminal operator APM Terminals; Philippines-based International Container Terminal Services ; and close-ended investment company Utilico Emerging Markets Limited.

China's Cosco Group and five other investors have expressed interest in a majority stake in Piraeus port (OLP), the largest in the country, Greece's privatisation agency HRADF said on Monday. Cosco Group's initial interest for a 67 percent stake in OLP, is further highlighting Chinese investors' appetite for Greek assets as the state sells off parts of its businesses to go some way to balance the bailed out country's books. Greece last month picked a Chinese-backed bid to develop a prime seaside property at the former Athens airport Hellenikon.

A partnership including Calgary-based Ferus Natural Gas Fuels has unveilled plans to build in Florida the first U.S. terminal to supply liquefied natural gas as fuel for cargo ships, reports 'The Calgary Herald'. The Eagle LNG partnership was announced in September 2013, and includes Ferus, General Electric Co. and Clean Energy Fuels Corp., the transportation-fuel company co-founded by billionare investor T. Boone Pickens; all  three are equal equity partners in the project. Citing Ferus chief executive Dick Brown…

The U.S. Federal Maritime Commission Chairman, Mario Cordero, issued a call to fellow regulators in the European Union and the People’s Republic of China, to join with him in a Global Regulatory Summit on the proposed P3 Global Alliance of the world’s three largest container carriers, Maersk Line, CMA-CGM, and Mediterranean Shipping. The Summit would take place in Washington, D.C., with regulators to discuss their respective regulatory roles in considering the impact of the announced Alliance.

The next MTS Houston Section luncheon will be held on April 28, 2011 and will feature a presentation by Carlos Ferraz Mastrangelo with Petrobras America. Mr. Mastrangelo will be discussing Petrobras’s decision to use a shuttle-tanker for its oil export system at the Cascade and Chinook developments. While the combination of shuttle-tanker and FPSO is common in the North Sea, Brazil and other parts of the world, it is a first in the U.S. Gulf of Mexico. Despite the impressive pipeline infrastructure currently available in the U.S. Gulf, none of it reaches as far as the location of the Cascade and Chinook fields, at 160 miles south of the Louisiana coast, in the deep waters of the Walker Ridge quadrant.

Horizon Lines, Inc. (NYSE:HRZ) announced that it has reached a binding Memorandum of Understanding (MOU) with APM Terminals North America (APMT) for a new six-year U.S. terminal services agreement, effective immediately. The prior agreement with APMT was scheduled to expire on December 10, 2010. The MOU applies to stevedoring and terminal services provided to Horizon Lines by APMT in Jacksonville, Fla.; Houston, Texas; Los Angeles, Calif.; Tacoma, Wash. and Elizabeth, N.J., through 2015, with an option to extend for two years. Horizon Lines has the option to exclude the Elizabeth terminal from the agreement if it chooses to serve the Northeast market from a port not located in N.Y. or N.J.

The Tampa Port Authority on May 16 approved P&O Ports Florida Inc.'s application for a license to perform local terminal and stevedore operations by a 6-0 vote. A national uproar erupted over the prospects of a Middle Eastern company controlling certain U.S. terminal operations. That led to Dubai Ports agreeing to sell its U.S. business to an American owner. A deal is in the works, but in the meantime P&O Florida functions independent of its owner, TMCnet reported. The port continued to review details of a bill the Florida Legislature approved that would revise state guidelines for seaport security. Gov. Jeb Bush is expected to sign the bill into law.

Republicans on the House Homeland Security Committee have postponed work on the fiscal 2007 Homeland Security Department authorization bill, prompting heated criticism from Democrats who say the move might undermine the committee's credibility and prevent the measure from being completed this year. According to a committee aide, Republican committee leaders say the delay is temporary while they work to pass a maritime security bill. All 15 Democrats on the panel fired off a letter Thursday to Homeland Security Chairman Rep. Peter King, R-N.Y., opposing the move. The committee did the first-ever authorization bill for Homeland Security last year, which overwhelmingly passed out of the House by a 424-4 vote.