First Commercial Cargo Loaded from Tango FLNG
Argentine oil company YPF SA has loaded its first commercial liquefied natural gas (LNG) cargo for export from a new floating facility, trade sources said on Friday.Argentina's export joins a wave of new supply flooding the spot market which has depressed Asian spot prices to their lowest in a decade for this time of the year.The state-owned firm issued a tender which closed on Nov. 6 to sell 2.1 trillion British thermal unit (Tbtu) of LNG for loading from FLNG Tango, the liquefaction vessel off Bahia Blanca…
Vens Pledge Funds for Argentine Shipyard to Finish PDVSA Tankers
Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers for state oil company Petroleos de Venezuela, which is struggling with a diminished tanker fleet.Maduro, a socialist who has overseen a drastic economic collapse in the once-prosperous OPEC nation and stands accused of corruption and human rights violations, did not say how much money Venezuela would provide or when it would be disbursed.But…
Equinor,YPF Pact on Argentina Wind Power
Norwegian multinational energy company Equinor ASA and Argentine power producer YPF Luz have joined for the development of the Cañadón León wind farm in Santa Cruz in Argentina.As per agreement, a subsidiary of Equinor will subscribe to shares in Luz del León. The shareholders of YPF Luz are YPF S.A and an affiliate of General Electric.The agreement establishes that Equinor will have a 50% stake of Luz del León, with an equity contribution of USD 30 million. After the subscription and capital integration…
YPF to Ship Argentine LNG
Argentine oil company YPF reached a preliminary agreement with Texas-based Excelerate Energy to hire a liquefied natural gas (LNG) tanker for shipping cargoes to global export markets.As per agreement, YPF will export LNG produced from the TANGO FLNG unit, located in Bahía Blanca.Both parties will be executing the final agreement in the coming days, with the objective of starting operations the first week of September.“We continue progressing in our ambition to add value to Argentine natural gas and to export surpluses during those months of low local consumption…
Exmar Commissions Tango FLNG
Belgian owner and operator of gas carriers Exmar has completed the commissioning of the 16,100 cbm Tango floating liquefaction unit (FLNG).The performance acceptance tests has been successful, the first cargo has been offloaded and will be exported out of Argentina, said a release from the provider of specialized floating assets.With this first shipment the start-up of the Tango FLNG is accomplished in a record time following the contract signing in November 2018 and delivery acceptance of the unit in Bahia Blanca in February 2019.
Argentine Submarine Found After Yearlong Search
The Argentine Navy submarine that went missing a year ago off the country's Atlantic Coast was found by a private company involved in what had been a massive search for the vessel and its 44-member crew, the defense ministry said in a news conference on Saturday.The ARA San Juan submarine was discovered by marine tracking contractor Ocean Infinity, 907 meters (2,975 feet) below the ocean surface. The vessel was found in an underwater canyon with its tail partially "imploded," Argentina's Defense Minister Carlos Aguad said.Given the poor visibility at the site…
Excelerate, TGS Join for Argentina LNG Export Study
Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an LNG liquefaction and export project at Bahia Blanca in Argentina.Argentina currently imports liquefied natural gas (LNG) through two floating import terminals, particularly during the country's peak winter consumption.The successful development of Argentina's shale gas reserves resulted in a potential excess of natural gas during the summer months. The project…
Importers Buy U.S. Corn at Record Pace
Importers are buying U.S. corn at the fastest pace since the mid-1990s, according to U.S. government data, as tightening stocks in Latin America prompt a rush to purchase cargoes of the grain from animal feeders worldwide. A deepening drought in Argentina and limited corn supplies in Brazil, two of the three largest exporters, have opened a window of opportunity for top supplier the United States, which has the largest available surplus for export. The shopping spree comes as a rare bit of good news for U.S.
US Exits Search for ARA San Juan
The U.S. Navy said it has begun to wind down operations as part of the international search for the still-missing Argentine submarine A.R.A. San Juan that vanished in the South Atlantic in mid November. The U.S. joined the Argentina-led multinational search efforts within 24 hours of learning of the missing submarine on November 17, and is now drawing down, having twice swept the search areas assigned by the Argentine Navy with advanced sensors. U.S. planning and analytical specialists will continue to support the efforts through data analysis. At its height, U.S.
Argentina Sticking with Submarine Program despite Disaster
Argentina and other South American countries are likely to maintain or increase their submarine programs despite the scrutiny that has followed the fatal loss of an Argentine sub in South Atlantic waters last month, defense specialists said. The disappearance of the ARA San Juan with 44 crew members aboard has put pressure on Argentine President Mauricio Macri to consider boosting spending for the military, including the country’s two remaining submarines. Military spending sharply decreased after the end of Argentina’s dictatorship in 1983.
Argentina's First Female Submarine Officer on Board Missing Vessel
One of the 44 crew members on board the Argentine submarine that is missing in the South Atlantic is Eliana Maria Krawczyk, who came from a landlocked province to become the country’s first female submarine officer. In a Facebook video posted in January by the Defense Ministry, Krawczyk discussed her experience of being the first woman in a traditionally male space. She said that she aspired to become the commander of a navy submarine one day. “If you think about being underwater, navigating, and being the only woman, it is strange, but at the same time it is exciting and very challenging,” she said in the video. Krawczyk, 35, was born in the northeastern province of Misiones and joined the navy in 2004, after responding to an advertisement online.
Port Co-operation, Maritime Security Meet of Argentina
A regional workshop focusing on this year’s World Maritime Day theme - Connecting Ships, Ports and People – has been held in Buenos Aires, Argentina (26-29 June). The event, organized by International Maritime Organization (IMO) in collaboration with the Argentine Maritime Authority (Prefectura Naval Argentina), aimed to promote cooperation between ports and designated authorities of participating countries through an open discussion and by sharing experiences and best practices related to maritime security.
Argentine Port Workers Suspend Strike after Protester Run Over
Port workers in Greater Rosario, from where 80 percent of Argentina's grains is shipped, suspended plans for a 24-hour strike on Thursday after a truck driver ran over and killed a protester, a union leader said. The driver drove through a line of protesters and had been drinking alcohol, according to local television reports. The workers had started a strike at midnight to protest recent layoffs and demand higher salaries in a range of professions related to port operations. "We are going to suspend the day of fighting that we had planned for today," Edgardo Quiroga, a delegate for the CGT union in San Lorenzo, north of Rosario, said in an interview with local radio.
Peru Workers Plan Strike That Could Disrupt LNG Exports
Natural gas workers in Peru plan to hold an indefinite strike starting Dec. 29 that would disrupt production of the widely-used fuel as well as Royal Dutch Shell Plc's liquefied natural gas exports, the union SUTRAPPEC said Thursday. Some 200 unionized workers needed to operate Peru's Camisea gas fields will down tools to press Argentine energy company Pluspetrol to offer better wages and benefits in a new labor agreement, said SUTRAPPEC spokesman Juan Carlos Vargas. Pluspetrol owns a controlling stake - 27.2 percent - in the Camisea consortium that produces the vast majority of Peru's natural gas from a remote jungle region. Pluspetrol and Netherlands-based Shell, which exports liquefied natural gas derived from Camisea gas production, did not immediately respond to requests for comment.
MOL Reshuffles US Route, Inks Car Transport Deal
Mitsui O.S.K. Lines, Ltd. today announced that it has won a contract to transport vehicles manufactured at Toyota Argentina S.A. to ports on West Coast South America and West Coast Central America. Vehicles produced at Zarate plant to be exported to the majority of the Latin American Region and this is also an economically important project backed by the Argentine government. MOL is supporting the initiative by providing reliable, efficient ocean transport service. With the acquisition of this new contract, MOL has restructured the existing U.S.
DP World Chairman Meets Argentine President
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem has met Argentinian President, Mauricio Macri in Beunos Aires to discuss cooperation in the ports and cruise terminals sector. The meeting was attended by the Argentinian transport cabinet including Minister of Transport, Guillermo Dietrich; President of the Port Authority, Gonzalo Mortola; Under Secretary of Waterways, Jorge Metz; Advisor for Foreign Investments, Horacio Reyser and the Under Secretary of Foreign Investments, Marcelo Lucco.
Argentine Grains Port Workers Return after Brief Strike
A one-day strike at the Rosario grains export hub in Argentina ended on Friday after the government compelled union and company officials to enter into wage negotiations for 15 days, a union leader said. The strike began at midnight local time and ended around noon after the union agreed to the government mandate for a "reconciliation" period to settle the dispute, said Edgardo Quiroga, an official with the CGT union's San Lorenzo branch. "Operations are back to normal," he said. Rosario handles about 80 percent of Argentina's grains exports. San Lorenzo covers the northern districts of the Rosario hub where multinational companies like Bunge Ltd, Cargill and Louis Dreyfus Commodities BV have crushing plants and ports.
Prices Ease Though Argentine Demand Limits Losses
Argentina tenders for 19 cargoes. Asian spot prices for liquefied natural gas (LNG) eased under pressure from growing supplies though fresh demand from Argentina limited losses, traders said. LNG for May delivery in Asia eased to $4.50 per million British thermal units (mmBtu), down 5 cents from the previous week. Traders said prices were supported by Argentina's tender to buy 19 LNG cargoes for May to August delivery, following a large purchase earlier in the week. Traders said Argentina bought about 20 cargoes on Wednesday from companies including Trafigura, Statoil, BP, Gazprom, Glencore, Gas Natural and Petrobras, having tendered for 32. The cargoes sold for about $4.50 per mmBtu, they said.
The Mississippi River and the 2016 Flood’s Impact on Dredging
The Mighty Mississippi River connects 31 states and 2 Canadian Provinces by a liquid superhighway that includes over 250 tributaries and features more miles of inland waterways than the rest of the world combined. As I contemplate my thoughts on the importance of this great river system, there is no doubt that muddy water also runs through my veins. Nevertheless, much of my advocacy involves explaining to others not so closely in tune with this economic superhighway as to just how important it truly is.
US Corn, Wheat Supplies to Rise as Exports Wane
U.S. corn and wheat ending stocks will be higher than previously expected at the end of the marketing year due to cuts to already weak demand for U.S. supplies on the export market, the government said on Tuesday. The U.S. Agriculture Department in its monthly supply and demand report also raised its soybean ending stocks outlook due to a slowdown in the pace of crushing at domestic processors. The new domestic supply view for all three commodities came in above the average of analysts' estimates, near the high end of market forecasts. On the global front, wheat ending stocks were raised above the high end of trade expectations, largely due to a 4.0-million tonne cut to usage by China, reflecting that country's policy shift that favors other grains.
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. buyers actually find it cheaper to purchase imported grain than abundant domestic supplies. Argentina's wheat prices tumbled last month after the country devalued its peso and scrapped export taxes. The South American country also sold large volumes to top global wheat importer Egypt for the first time in years. Chatter circulated that hog producers in the southeastern United States were buying feed-quality Argentine wheat that was priced at a discount both to U.S. corn and U.S. wheat. North Carolina port data showed vessel Nord Capella with an estimated U.S. arrival of Feb. 5 and the vessel due on Feb. 14.
Loss of Diversity Near Melting Coastal Glaciers
Melting glaciers are causing a loss of species diversity among benthos in the coastal waters off the Antarctic Peninsula, impacting an entire seafloor ecosystem. This has been verified in the course of repeated research dives, the results of which were recently published by experts from Argentina, Germany and Great Britain and the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI) in a study in the journal Science Advances. The scientists believe increased levels of suspended sediment in the water to be the cause of the dwindling biodiversity in the coastal region.
Making Sense and Taking Risks: Human Behavior in the Shipping Industry
The guide helps to identify countermeasures to avoid human errors and bad decisions. Discover how to manage the human element on all levels – from the engine room, to the bridge, to the shore. From our summary of “The Human Element – A Guide to Human Behavior in the Shipping Industry,” we examine the chapters “Making Sense of Things” and “Risk Taking,” breaking down the most relevant information. Dirk Gregory and Paul Shanahan of the UK Maritime and Coastguard Agency developed the original guide. People are surrounded by vast amounts of information and need to make sense of it all.