BSM: PDVSA Tanker Management Likely Ending
Maritime contractor Bernhard Schulte Shipmanagement (BSM) is considering to stop managing Venezuelan state-oil company PDVSA's tankers by the end of this month or in April following U.S. sanctions against the country, BSM said on Thursday.It also said in a statement that recent political developments made managing assets for the Venezuelan government "an almost impossible task", and it was working on returning Venezuelan vessels to PDVSA's maritime arm PDV Marina and its subsidiaries.The German firm…
Training on Oil Spill Response in Caribbean
International Maritime Organization (IMO) has conducted a Level 2 Training Course on OPRC (Convention on Oil Pollution Preparedness, Response and Co-operation) in St Kitts and Nevis for oil spill response managers in the wider Caribbean region.Participants from 15 countries attended the IMO-funded event, which is focused on tactical aspects of spill preparedness and response, and applying incident management systems to assist effective coordination of spill response.The countries were Anguilla…
PDVSA Insists it's Still Working with BSM
Venezuela's state-run oil company PDVSA said on Thursday it has not halted business with maritime firm Bernhard Schulte Shipmanagement (BSM), even after the German firm said it would remove the crews that have been operating 10 of 15 PDVSA vessels over unpaid fees and return the tankers.On Tuesday, PDVSA's maritime arm PDV Marina declared an emergency due to lack of staff to immediately receive the 10 vessels BSM proposed to return to Venezuelan ports due to unpaid bills of at…
PDVSA Declares Maritime Emergency
Venezuela's state-run oil company PDVSA declared a maritime emergency on Tuesday after Bernhard Schulte Shipmanagement (BSM) disclosed plans to return 10 tankers over unpaid fees, according to a document from the state-run firm and sources.BSM, operator of a portion of PDVSA's tanker fleet, last month confirmed its crews would abandon the tankers Rio Arauca and Parnaso, which were held in Portugal over unpaid fees to a shipyard and port authority. A third vessel also operated by BSM, the Icaro, separately was seized in Curacao by a group of shipping firms claiming unpaid bills from PDVSA.(Reuters reporting by Marianna Parraga; Editing by Jeffrey Benkoe)
Caribbean Commits to IMO Standards
Caribbean States and Territories have re-affirmed their commitment to implementing International Maritime Organization (IMO) standards for safe, secure and sustainable shipping.According to the UN body, this is part of wider efforts to intensify investments and harness the full potential of the oceans, rivers and lakes to accelerate economic growth, create jobs and fight poverty.Ministers responsible for maritime transport and other participants representing the Governments in the region met at a High Level Symposium (27 February) in Montego Bay…
Vens Close Maritime Border with Dutch Antilles
Venezuelan authorities have closed the maritime border with the Dutch Antilles, a regional navy chief told Reuters on Tuesday, preventing boats and aircraft from arriving from the islands of Aruba, Curacao and Bonaire.Vice Admiral Quintero Martinez did not give a reason for the closure, though Venezuela's opposition have said they plan to bring humanitarian aid into the country from Curacao on Saturday, which President Nicolas Maduro's government has pledged to block.Reporting by Mircely Guanipa
GREAT WORKBOATS: The Very Best 10 of 2018
MarineNews showcases the ten best of North America’s 2018 workboat deliveries. Domestic shipyard production is robust, innovative and getting greener. And, that translates into two kinds of ‘green.’As the domestic offshore energy support sector slowly awakens, other sectors have been happy to take the spotlight in its absence. As always, and if a hull was delivered in 2018, we took a look at it, with several areas as a focus for inclusion into this edition. For my part, I’m always excited when the U.S. boatbuilding sector can deliver for a foreign buyer. We’ve checked that box here.
Venezuela's Crude Sales to U.S. Fall in July
Venezuela's crude exports to the United States declined to 494,400 barrels per day (bpd) in July after rising the prior three months, showing the impact of asset seizures against state-run oil firm PDVSA, according to Thomson Reuters data.July was the first month crude exports fell below 500,000 bpd since the months of January through March.U.S. oil producer ConocoPhillips in May began seizing PDVSA's overseas assets in an attempt to collect on a $2 billion arbitration award.
Venezuela Dodges Oil Asset Seizures with Export Transfers at Sea
Venezuela's state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures.But the OPEC member nation is still fulfilling less than 60 percent of its obligations under supply deals with customers.Venezuela has been pumping oil this year at the lowest rate in three decades after years of underinvestment and a mass exodus of workers. The state…
A Royal Visit at Damen Shiprepair Curacao
King of the Netherlands King Willem-Alexander and Queen Máxima have visited Damen Shiprepair Curaçao. The Royal couple arrived by boat together with Damen Shiprepair & Conversion Managing Director Durk-Jan Nederlof. Before disembarking, they viewed the yard’s two new floating docks that will be operational from September. These two docks, measuring 230x45 metres and 108x 23 metres respectively, represent a significant investment into the yard’s infrastructure that is expected to have a positive knock-on effect on the local economy.
U.S. Yards: Competing – and Winning – Here and Across the Big Pond
Louisiana-based Metal Shark powers into the second half of 2018 with a healthy backlog, multiple recent deliveries into foreign markets, and a portfolio of patrol craft that has attracted multiple clients – here and abroad. Key patrol boat contracts for this rapidly expanding builder include the U.S. Coast Guard Response Boat – Small (RB-S). Over 300 of these units are service since the award of the contract in 2012 and, says Metal Shark, new units are in production and shipping weekly. Separately, over 50 of the U.S.
Metal Shark is Competing - and Winning - Here and Oversees
U.S. shipbuilder Metal Shark powers into the second half of 2018 with a healthy backlog, multiple recent deliveries into foreign markets, and a portfolio of patrol craft that has attracted multiple clients – here and abroad.At a time when more than a few workboat builders are feeling the pain of lingering offshore malaise and an oversupplied inland market that no longer needs large quantities of barges, Louisiana-based Metal Shark has found its groove in a suddenly active and highly competitive niche market.
Conoco Seized PDVSA Products from Isla Refinery
U.S. oil major ConocoPhillips has seized products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official told Reuters on Sunday.Conoco has won court orders allowing it to seize PDVSA assets on Caribbean islands, including Curacao, in efforts to collect on a $2 billion arbitral award linked to the 2007 nationalization of Conoco assets under late leader Hugo Chavez.“PDVSA products from the installations of the Isla refinery have been confiscated.
PDVSA Retrenches in Caribbean
Venezuela's PDVSA will let the 335,000 barrel-per-day refinery it leases in Curacao halt operations once crude inventories are exhausted as no new shipments are planned to the Caribbean following ConocoPhillips's legal actions, according to two sources.PDVSA is also changing its trade arrangements to start delivering all its oil for exports in Venezuelan waters, including the ship-to-ship transfers that have to be made for sending cargoes to Asian destinations.Conoco last week started several legal actions to satisfy a $2 billion arbitration award issued by the International Chamber of Commerc
New Patrol Boats Delivered in Curacao
Four new high-speed patrol boats commissioned on the island of Curacao are the first to be delivered to the Dutch Caribbean Coast Guard (DCCG) under a 12-boat order announced last year.The welded aluminum 38 Defiant monohull patrol boats were designed and manufactured by Louisiana based shipbuilder Metal Shark as the result of a multi-year effort by the DCCG to procure a replacement for its fleet of open-cockpit rigid-hulled inflatable boats (RIB).The new enclosed-pilothouse vessels will serve as the DCCG’s main interceptors, patrolling the territorial waters of Aruba, Bonaire, Curacao, St.
PDVSA Halts Caribbean Storage, Shipping; Diverts Oil Cargo
Venezuela's state-run PDVSA suspended oil storage and shipping from its Caribbean facilities following a move by ConocoPhillips to temporarily seize the firm's assets on four islands, according to a PDVSA source and Reuters data.PDVSA has begun concentrating most shipping in its main crude terminal of Jose on Venezuela's eastern coast and recalling tankers to Venezuelan waters to avoid seizures that would further cut its exports and worsen an economy on the verge of collapse.U.S.…
Tightening Noose: Venezuela's Crisis Deepens
The news that Venezuela's PDVSA has diverted a crude tanker from Curacao after ConocoPhillips moves to satisfy a $2 billion arbitration award signals that worst may be yet to come. Reuters is reporting that Venezuela's state-run PDVSA ordered a tanker waiting to discharge at its Curacao terminal to divert to Venezuelan waters after ConocoPhillips introduced an order in a Caribbean court to seize its inventories and other assets in the island, according to a shipper and Reuters data on Tuesday.
PDVSA Diverts Crude Tanker from Curacao
Venezuela's state-run PDVSA ordered a tanker carrying Russian oil that was waiting to discharge at its Curacao terminal to divert to Venezuelan waters after ConocoPhillips introduced an order in a Caribbean court to seize its inventories and other assets in the island, according to a shipper and Reuters data on Tuesday.The Aframax tanker British Cygnet loaded crude at Russia's Primorsk terminal in April. It arrived in Curacao's Bullenbay terminal, operated by PDVSA, on Sunday…
Conoco Moves to Seize PDVSA's Caribbean Assets
U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions. The U.S. firm targeted facilities on the islands of Curacao, Bonaire and St. Eustatius that accounted for about a quarter of Venezuela's oil exports last year. The three play key roles in processing, storing and blending PDVSA's oil for export.
Retail Gasoline Prices Surge in Harvey's Choppy Wake
Nearly a quarter of U.S. refining capacity out; Motiva down for two weeks; Corpus Christi starts to reopen. Retail U.S. gasoline prices hit two-year highs and global shipping routes were scrambled as the nation's largest refiners remained shut on Friday, even as Harvey was losing strength. Major fuel pipelines feeding the U.S. Northeast and Midwest have been either closed or severely curtailed, prompting shortages in some areas and dramatic spikes in wholesale prices. The storm…
Oil Markets Brace for Possible US Sanctions on Venezuela
U.S. oil markets were readying for fallout from potential U.S. sanctions on Venezuela's vital oil sector on Monday after Sunday's election in the struggling country was deemed a "sham" by Washington. Venezuelan President Nicolas Maduro on Monday celebrated the election of a new legislative superbody that will have the power to dissolve state institutions such as the opposition-run Congress. Countries around the world denounced the vote. U.S. crude futures jumped above $50 a barrel for the first time in two months early in the session before retreating, after U.S.
Aumann Named CEO of Oman Drydock
Stephan Aumann has been appointed by ASYAD (formerly Oman Global Logistic Group) board of directors as the new CEO of the Oman Drydock Company S.A.O.C. in Duqm/Oman. Aumann assumed the role June 15 and replaced the former CEO Jin Han Lee (DSME), who advised at the end of 2016 that he would be stepping down. With a bachelor's degree in naval architecture and a master degree in industrial engineering from the University of Applied Sciences in Kiel/Germany, the 50-year-old German…
Oil Traders Brace for US Gulf Coast Storm
Oil traders from Texas to Louisiana braced on Tuesday for supply disruptions as Tropical Storm Cindy, formed in the U.S. Gulf of Mexico, threatened to hit refining and production centers with wind and rain later this week. Cindy was located about 265 miles (430 km) south of Morgan City, Louisiana with maximum sustained winds of 45 miles (75 km) per hour. It is expected to approach the coast of southwest Louisiana late Wednesday or Wednesday night, and move inland over western Louisiana and eastern Texas on Thursday, the NHC said. The Louisiana Offshore Oil Port, the largest privately owned crude storage terminal in the United States…