TX Refineries Cut Output as Spill Curbs Shipping
Royal Dutch Shell Plc and LyondellBasell Industries cut production on Monday at their Houston-area oil refineries because of shipping disruptions along a waterway affected by a petrochemical fire and spill, according to people familiar with the matter.A fire and fuel leak at Mitsui & Co Inc's Intercontinental Terminals Co (ITC) storage facility in Deer Park, Texas, last week sent gasoline, water and fire suppressant foam into the Houston Ship Channel, which connects Houston to the Gulf of Mexico, and is home to nine oil refineries.The U.S. Coast Guard said it was reopening portions of the channel to daytime travel and requiring vessels moving out of the area nearest ITC to be inspected for chemical contaminates.Houston Pilots…
Sub M is here, now what?
Captain Pat Folan outlines the way forward, especially for the smaller towboat firms. It’s not rocket science, but it does involve common sense. July 20, 2018 came and went, and we are all still here – mostly. The reality of Sub M has begun to sink in and for some it signals the end of a business and career. The AWO RCP members, oil movers and early adopters are going to make it. But for some of the ‘Mom & Pops,’ this is looking like a bridge too far.And some of this group are the ones that needed to be weeded out.
Imports at Annual Low on Seasonal Lull, Tariff Worries
With the retail industry in its annual lull between seasons and plans for a tariff increase on hold, imports at the nation’s major retail container ports are expected to drop to their lowest level in almost a year this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Now that the holiday season is over and summer has yet to crank up, this is the quiet time of year for retail supply chains,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
US to Overtake Saudi in Oil Exports
United States will soon export more oil and liquids than Saudi Arabia, thanks to the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast.According to Rystad Energy, energy research and business intelligence company, it is a a pivotal geopolitical shift. The US has for decades relied on large-scale imports to satisfy its thirst for oil, but this is about to change.The Energy Information Administration (EIA) reported last week that the United States exported more crude and petroleum products than it imported.
Moda Midstream Eyes Second TX VLCC Berth
Moda Midstream LLC is considering building a second berth at its Ingleside, Texas, crude export terminal to accommodate booming shale oil production on the Gulf Coast, the company's chief executive said on Thursday.The expansion to the terminal that loads oil tankers will come as three major pipelines open in the second half of 2019, CEO Bo McCall said in an interview. Moda is also increasing the facility's crude storage capacity to 10 million barrels from 2 million."When these new pipelines come online…
OXE Video Draws 200K Views
Laborde Products, the Gulf Coast and central U.S. engine distributor behind OXE - the world’s first high power diesel outboard, recently attended the Miami International Boat Show, where the diesel out-board created quite the buzz.The show buzz shortly went viral after the YouTube, rib, and yacht tender restoration aficionado, Al-fred Montaner, took a demo ride with the Laborde Products crew.Boarding a BRIG 730 with drone and camera in hand, Montaner documented the quiet yet powerful ride of CIMCOs diesel outboard.
OP/ED: Structuring Infrastructure
The Inland Waterways View.At the start of any new year, we are often asked what our challenges will be or what we are going to do differently in the year ahead. However, in 2019, just like each year since Waterways Council, Inc. (WCI) was founded in 2003, we intend to stay the course to advocate for full and efficient funding for the U.S. Army Corps of Engineers to continue its Civil Works mission to construct and maintain navigation projects on the inland waterways.The Corps’…
Crude Tanker Spot Rates Soften
Crude tanker spot rates improved significantly during the fourth quarter of 2018, spurred by both winter market seasonality and positive underlying supply and demand fundamentals.According to a stock exchange announcement from Teekay Tankers, in the fourth quarter of 2018, OPEC crude oil production rose to 32.4 million barrels per day (mb/d), the highest level since July 2017 and up from 31.4 mb/d earlier in 2018.Most of this increase came from the Middle East, where higher production levels more than offset lower output from Venezuela and Iran.
HII Delivers DDG 117 to U.S. Navy
Huntington Ingalls Industries’ Ingalls Shipbuilding division delivered the Arleigh Burke-class guided missile destroyer Paul Ignatius (DDG 117) to the U.S. Navy today with shipbuilders, ship’s force and representatives of Supervisor of Shipbuilding, Gulf Coast in attendance.The signing of the DD 250 document officially transfers custody of the ship from HII to the Navy. Paul Ignatius is scheduled to sail away from the shipyard in June.DDG 117 is named in honor of Paul Ignatius, who served as the 59th Secretary of the Navy, from 1967 to 1969.
Trace Laborde becomes Laborde Products Marine Manager
Effective January 1, 2019, Trace Laborde was named Marine Manager of Laborde Products, Inc.Trace previously held the role of Branch Manager of Laborde Products Houston Operations, with responsibility of the Marine business in the Texas Market. Going forward Trace will be responsible for continuing the growth of Laborde Products’ marine business. Laborde Products is a distributor of marine engines for Mitsubishi, Yanmar, OXE Diesel Outboards, BUKH and Steyr Motors in the Gulf Coast, Inland River Valley and Caribbean.
Sentinel Midstream Mulls Offshore Terminal
Dallas-based oil and gas company Sentinel Midstream is planning to develop a deepwater crude oil export terminal, located near Freeport, Texas. The completed facility will be capable of fully loading Very Large Crude Carrier (VLCC) vessels.Texas GulfLink will include an onshore terminal with up to 18 million barrels of storage, an offshore 42-in. pipeline, and a manned offshore platform to facilitate port operations with two Catenary Anchor Leg Mooring (CALM) Single Point Mooring (SPM) buoys.
QP, Exxon to Build $10B LNG Plant in Texas
Exxon Mobil and Qatar Petroleum announced a final decision to finance a $10 billion-plus project to export liquefied natural gas (LNG) from the Texas Gulf Coast.Construction of the Golden Pass LNG export project located in Sabine Pass will begin in the first quarter of 2019 and the facility is expected to start up in 2024, said a press release.“Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate local growth and create thousands of jobs…
Global LPG Prices Decline: Dorian LPG
The biggest market change in the fourth calendar quarter of 2018, was the decline in crude oil prices, with Brent falling from a monthly average of nearly $82/barrel in October, finishing the year below $51 per barrel. As a result, global liquefied petroleum gas (LPG)prices followed the downward trend.Dorian LPG, the Stamford-based owner and operator of 22 very-large gas carriers, said that without the additional LPG cargoes out of Marcus Hook from Mariner East 2, which started operations in January 2019, U.S.
USCG Offloads 34,780 Pounds of Cocaine
The crew of the Coast Guard Cutter Forward (WMEC-911) offloaded approximately 34,780 pounds of cocaine Tuesday in Port Everglades worth an estimated $466 million wholesale seized in international waters in the Eastern Pacific Ocean.The drugs were interdicted off the coasts of Mexico, Central and South America and represent 21 separate, suspected drug smuggling vessel interdictions by the U.S. Coast Guard:The cutter Forward was responsible for eight cases seizing an estimated 14…
Kirby Announces 2018 Q4/FY18 Results, Deal to Buy Cenac's Marine Fleet
Kirby Corporation announced a net loss attributable to Kirby for the fourth quarter ended December 31, 2018 of ($24.4) million, or ($0.41) per share, compared with earnings of $231.3 million, or $3.87 per share, for the 2017 fourth quarter. Excluding certain one-time charges, 2018 fourth quarter net earnings attributable to Kirby were $44.9 million, or $0.75 per share. Consolidated revenues for the 2018 fourth quarter were $721.5 million compared with $708.1 million reported for the 2017 fourth quarter.For the 2018 full year…
Moda Midstream Announces Ingleside VLCC Berth Upgrades
Liquids terminaling and logistics provider Moda Midstream announced it has successfully commissioned upgrades to Berth 2A at the Moda Ingleside Energy Center (MIEC) in Ingleside, Texas, to enable loading of very large crude carriers (VLCCs).Moda developed these upgrades to provide existing and potential customers the ability to safely and cost-effectively load VLCCs at rates of up to 80,000 barrels per hour.“Today we are loading our fourth VLCC at MIEC since late December,” said Moda President and CEO Bo McCall. “With today’s commissioning of our upgrades to Berth 2A, we now have the U.S.
Austal USA Awarded $16.3m in LCS Funds
Austal USA LLC, Mobile, Alabama, is awarded a $16,322,000 cost-plus-fixed-fee order against previously awarded contract N00024-11-C-2301 to provide engineering, management, and production services in support of prefabrication efforts, material procurement, and execution of work items for littoral combat ship USS Cincinnati (LCS-20) extended industrial post-delivery availability (EIPDA). The EIPDA is accomplished within a period of approximately 12 weeks between the time of ship custody transfer to the Navy and the shipbuilding and conversion, (Navy) obligation work limiting date. Efforts will include program management, advance planning, engineering, design, prefabrication, and material kitting. Work will be performed in Mobile, Alabama, and is expected to be complete by August 2019.
Magellan: Freeport, Texas Possible Spots for Deepwater Terminal
Magellan Midstream Partners LP is considering Freeport, Texas and other locations along the U.S. Gulf Coast for a crude export terminal it had previously planned for a harbor island off the south Texas city of Corpus Christi, an executive said on Thursday.Magellan is still considering Corpus Christi as the spot for the terminal, Magellan senior vice president Mark Roles said during a panel at the Argus Americas Crude Summit in downtown Houston. The terminal would be capable of loading 1.5 million barrels per day (bpd) onto supertankers and room for up to 20 million barrels of storage capacity…
Offshore Terminal Plan Slowed by U.S. Shutdown
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…
First U.S. Crude Cargoes Head to China Since Trade Breakthrough
Three cargoes of U.S. crude are heading to China from the U.S. Gulf Coast, trade sources said on Monday, the first departures since late September and a 90-day pause in the two countries' trade war that began last month.The vessels left Galveston, Texas, last month and are scheduled to arrive at Chinese ports between late January and early March, according to shipbrokers and vessel tracking data. The shipments mark a change since Chinese buyers largely began avoiding U.S. oil during the trade dispute that flared last summer."It looks like China has resumed purchasing U.S.
US Oil Export Boom Sparks Battle to Build Texas Ports
Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years.Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state's first deepwater port.Commodities trader Trafigura has taken an early lead with a planned offshore facility that has an easier…
Cheniere, Malaysia's Petronas Sign 20-Year LNG Pact
Houston-based Cheniere Energy Partners has signed a 20-year liquefied natural gas (LNG) supply deal with a subsidiary of Petronas, Malaysia's state-owned oil and natural gas company.Per long-term pact, Petronas agreed to buy about 1.1 million tons a year from the Sabine Pass facility, according to a statement Tuesday. That’s about a quarter of the sixth plant’s capacity. “Petronas is one of the largest and most experienced participants in the global LNG market, and we are pleased to have it as our newest foundation customer at Sabine Pass…
The Top 10 Maritime Stories for 2018
Choosing the ‘top stories of 2018’ was, this year, a difficult task. Many compelling story threads played out, dramatically impacting the North American waterfront, and in particular, the workboat sector – each in their own unique way. Read on to find out how and why.Autonomous Vessels: Ready or Not, Here They ComeFuturistic, remote-controlled autonomous marine vehicles aren’t coming. They are here. As the pace of change quickens, autonomous vessels are already providing service and value on the water.