U.S. Light Crude Imports Surge Again
U.S. imports of light crude from across the Atlantic are set to jump this month to their highest in more than two years, according to market sources and trade data…
EU Investigating Antwerp Box Port Operators
The European Commission said on Friday it had opened an in-depth investigation into alleged state aid to two container terminal operators in Europe's second busiest port, Antwerp in Belgium. The Commission said concession agreements for PSA Antwerp NV and Antwerp Gateway NV contained a requirement for the handling of a minimum tonnage. The two did not reach this between 2009 and 2012, meaning they would have to pay compensation to the publicly-owned port authority.
U.S. Freight Volume Dips: Kemp
Freight volumes in the United States have fallen year on year for the first time since 2012 and before that the recession of 2009, according to the Bureau of Transportation Statistics. The total volume of freight moved by road, rail, pipeline, inland waterways and as air cargo in November 2015 was 1.1 percent lower than in the corresponding month a year earlier. Freight demand growth has been slowing…
Iran's Tankers Target India, EU
Iran wants to up exports to India by 200,000 bpd within 6 months. With Iran ready to resume business as usual with the world under a historic nuclear deal, Tehran will target India, Asia's fastest-growing major oil market, and old partners in Europe with hundreds of thousands of barrels of its crude. Iran expects the United Nations nuclear watchdog to confirm on Friday it has curtailed its nuclear programme…
Pakistan Cancels Shell LNG Deal, Cites Price as Reason
Pakistan State Oil has dropped plans to buy 60 liquefied natural gas (LNG) cargoes from Royal Dutch Shell after receiving a lower price from Qatar, two trade sources…
Fire Hampers Ops at Brazil's Santos Port
Trucks carrying commodities and other exports were unable to reach the Guaruja side of Brazil's largest Port of Santos on Friday, a day after containers holding…
Asia-N.Europe Freight Rates Dip 20.6 pct
Rates for shipping containers from ports in Asia to Northern Europe fell 20.6 percent to $740 per 20-foot container (TEU) in the week to Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Freight rates plummeted 15.0 percent from Asia to ports in the Mediterranean, fell 5.4 percent to ports on the U.S. West Coast and were down 3.3 percent to ports on the U.S. East Coast, the source said on Friday.
USCG Begins Icebreaking in Western Great Lakes
U.S. Coast Guard Sector Sault Ste Marie on Wednesday commenced Operation Taconite, an icebreaking mission launched in response to expanded ice growth in the commercial ports of western Lake Superior, Green Bay and the lower St. Marys River. Before ice impeded commercial navigation, several icebreakers were assigned to each region. Recently, Coast Guard Cutter Mackinaw was dispatched to assist two vessels into the Port of Green Bay.
Royal IHC Launches Seven Cruzeiro, Names Seven Sun
Royal IHC has named and launched the 550t top tension capacity pipelay vessel, Seven Cruzeiro, at its shipyard in Krimpen aan den IJssel. This is the final pipelaying vessel in a series of three ordered by Subsea 7, and the naming ceremony was performed by Sally Rosa, wife of Ricardo Rosa, Chief Financial Officer, Subsea 7. In addition, the Seven Sun, launched on December 19, 2014 in Kinderdijk and the second vessel of this series…
Baltic Index Slump Continues on Demand Concerns
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, touched a record low for the ninth straight session Friday…
Parker Bestobell to Supply Valves for Canadian Tankers
Parker Bestobell Marine has received its first order to supply its cryogenic fuel gas valves for new build tankers. The two 15,000-dwt ice-class 1A asphalt and bitumen tankers have been ordered by Groupe Desgagnés of Canada and will be built at Besiktas shipyard in Turkey. The ships will be equipped with dual-fuel engines allowing them to operate on LNG (Liquefied Natural Gas) and fuel oil, via 600 cbm gas storage tanks on the decks.
Seadrill Pushes Back Drillship Delivery
Seadrill Limited has reached an agreement with DSME shipyard to defer the delivery of two ultra-deepwater drillships, the West Aquila and West Libra, until the second…
New Container Terminal Opens at Port Canaveral
The Canaveral Port Authority welcomes the start of StreamLine’s Blue Stream weekly liner service at its new Canaveral Cargo Terminal, which GT USA manages and operates. The service adds Port Canaveral to this valued trade route that includes Central America, Europe and the Caribbean. The first call at Canaveral is scheduled for January 31, 2016 with the arrival of the M/V Norderoog. StreamLines N.V.
GACtrack Upgrade for Ship Agency Customers
GAC announced a new add-on to its GACtrack, aiming to give more job transparency and greater job control to ship agency customers. As well as being able to view…
Engine Monitoring Unit Wins NMEA Award
A device from multi-award winning NMEA specialists, Actisense, has been recognized with an award from the National Marine Electronics Association. Actisense has received an award from the National Marine Electronics Association (NMEA) in recognition of their popular EMU-1 (Engine Monitoring Unit). Winning the 2015 Product of Excellence Award, the accolade was presented to Actisense at METS 2015 in November, the world’s largest marine equipment trade show.
Tidewater Subsea Charters MV Brandon Bordelon
Tidewater Subsea has reached a deal with Bordelon Marine to charter the newly built Jones Act compliant MV Brandon Bordelon for 60 days, plus options. The vessel is intended to be available to work in the U.S. Gulf of Mexico, Mexico and Trinidad, Bordelon Marine said. Tidewater Subsea is mobilizing two FMC Technologies Schilling HP 150 ROVs to the vessel. The Brandon is now fully capable to perform a variety of operations…
Saam Smit Towage Bolsters Americas Fleet
Saam Smit Towage, a joint venture between SAAM S.A. and Royal Boskalis Westminster N.V. providing towage services in Mexico, Canada, Panama and Brazil, announced it has invested in fleet renewal in Canada and Panama. The company’s Canadian arm has taken delivery of newbuild tug SST Capilano, to be added to the fleet of 21 tugs operated in British Columbia. For Panama, meanwhile, a newbuild tug to be named SST Rambala has been ordered from Damen Shipyards and will be delivered in March, 2016.
U.S. Drillers Cut Rigs to Lowest Number in Almost 6 Years
U.S. energy firms this week continued to cut the number of rigs drilling for oil to the lowest in nearly six years, data showed on Friday, suggesting drillers were…
Two Cargoes of Argentine Wheat Due to Arrive in U.S.
Two cargoes of Argentine wheat were scheduled to arrive at port in Wilmington, North Carolina, shipping data showed on Friday, indicating a rare situation where U.S.
Petrobras Average Daily O&G Output Rose 4.3% in 2015
Oil and natural gas output at Petróleo Brasileiro SA rose 4.3 percent last year, the second annual increase after two years of declines, as long-delayed offshore production systems came on line.