Latin American Ports Cargo Throughput Rose 7.7%
Container throughput in ports of Latin America and the Caribbean increased by 7.7% in 2018 in comparison with the previous year.According to the Economic Commission for Latin America and the Caribbean (ECLAC), this analysis is based on the performance of a sampling of 31 countries and 118 ports and port areas in the region.According to the annual report unveiled by the United Nations organization – which was called “port ranking” in prior years – the data largely maintained the heterogeneity seen in throughput behavior in previous periods, both in reference to ports and countries.
ITC Faces Added Costs for March Fire & Spill
The costs of a massive fire and chemical spill at a Houston petrochemical facility have begun trickling out, with a local official on Monday estimating emergency response costs at $800,000 for the first two weeks of the disaster alone.A blaze at Mitsui & Co Ltd's Intercontinental Terminals Co (ITC) petrochemical facility in Deer Park, Texas, last month released cancer-causing chemicals into the air and waterway that connects Houston to the Gulf of Mexico, disrupting shipping along the nation's busiest oil port.County employees devoted 16…
Chevron Buys Anadarko for $50Bln
Chevron, the second-largest US oil and gas company, has agreed a $50bn deal to buy Anadarko Petroleum (APC) in a massive deal that will bolster its natural gas and shale operations.The cash and stock deal announced Friday values Anadarko at $65 per share, 39% higher than the oil company's closing stock price on Thursday. Based on Chevron’s closing price on April 11, 2019 and under the terms of the agreement, Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share.
OSVs: Restarting that Idled Vessel
Owners of offshore support vessels (OSV) are beginning to examine the possibility of reactivating some of their fleet even as the consistent volatility of oil prices and a healthy stream of ships projected from global shipyards keeps their enthusiasm in check.According to Clarksons, demand for the versatile ships, which support offshore exploration and production activities around the world, edged up 3% in 2018, with marginally higher day rates tempting some units out of lay-up.Most of the idle OSV fleet is unlikely to become active this year…
OSV Market: Which Way is Up?
Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its Seabreeze market report follows this convention with a description of the “feast or famine” conditions in the North Sea. Recent day rate action highlights the localized nature of markets for anchor handlers (AHT), platform supply vessels (PSVs) and similar equipment…
NSC Midgett Passes Acceptance Trials
US shipbuilder Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has announced that the National Security Cutter (NSC) Midgett (WMSL 757) has successfully completed acceptance trials. Midgett, the eighth NSC Ingalls has built for the U.S. Coast Guard, spent two full days in the Gulf of Mexico proving the ship’s systems.The U.S. Navy’s Board of Inspection and Survey (INSURV) were on board, as Ingalls’ test and trials team led the sea trials and conducted extensive testing of the propulsion, electrical, damage control, anchor-handling, small boat operations and combat systems.
Two Contracts Go to SeaBird
Marine surveyor SeaBird Exploration said on Monday it has been awarded two new contracts, including one in West Africa and another in the Gulf of Mexico.The company said it received a letter of award for a niche 3D survey in West Africa, with a total value of approximately $6.5 million. The survey is expected to commence in the second quarter of 2019, with a total duration of about 80 days including associated vessel transit.Due to fleet positioning and other contract opportunities…
Tanker Bottleneck Eases for Port of Houston
Four tankers on Thursday were preparing to offload or pick up cargoes in the busiest U.S. oil port, the first signs of an easing of the bottleneck that cut 1 million barrels per day of shipments, according to vessel tracking data.The Houston Ship Channel reopened this week with operating restrictions following a fire at Mitsui & Co Inc's Intercontinental Terminals Co (ITC) in Deer Park, Texas. That blaze sent fuel and chemicals into the waterway, which connects Houston to the…
Trafigura Sends More Asian Gasoline to Americas
Commodity trader Trafigura is shipping this month a second newly built crude tanker with Asian gasoline onboard to South America amid strong demand in the West, four industry sources who closely monitor petrol trade flows said on Thursday.Although it is not uncommon for traders to use a brand new crude tanker of 150,000 deadweight tonnage (dwt) to ship clean fuels such as diesel, it is rare to use them for gasoline because of the sheer size."South America likely needs gasoline more than gasoil now.
NOSAC to USCG: Allow Domestic OSVs in Disaster Recovery
Last week, the National Offshore Safety Advisory Committee (NOSAC) overwhelmingly approved recommendations that the U.S. Coast Guard (USCG) remove the hinderances that prevented U.S. energy-industry vessels, from assisting Puerto Rico with recovery efforts after Hurricane Maria.The offshore energy industry is serviced by highly specialized vessels. Offshore supply vessels (OSVs) have large open decks to carry cargo to offshore rigs. OSVs typically also have massive internal tanks to carry and pump water, drilling mud, or fuel to offshore facilities.
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…
Houston Ship Channel Reopened
The U.S. Coast Guard on Monday reopened portions of the Houston Ship Channel with restrictions on waterways affected by the petrochemical leak outside Houston that has disrupted ship traffic.The busiest U.S. oil port, shut last Friday after a chemical leak into the water, led Royal Dutch Shell Plc and LyondellBasell Industries to cut production on Monday, according to people familiar with their operations.In a midday announcement, the Coast Guard said it is allowing daytime transits only through the ship channel…
MOSI Anti-Fouling Coatings for Barnacles and Zebra Mussels
Marine organisms such as barnacles and zebra mussels have been a long-standing nuisance to ship hulls, causing exterior damage, increased power and fuel consumption and environmental concerns. While anti-fouling coatings help to prevent biofouling, a new research study suggests that an innovative approach to marine coatings may solve the problem of barnacle and zebra mussel fouling, an approach stems from the MOSI (Marine Organism Sensory Interference) concept. MOSI uses a unique coating tech to interfere with the sensory ability of juvenile barnacles…
ITC: Houston Petrochemical Blaze Extinguished
Firefighters on Wednesday extinguished a fire at a Mitsui & Co petrochemical storage site outside Houston that has been billowing acrid smoke for days, the company said.The blaze at Mitsui unit Intercontinental Terminals Co in Deer Park, Texas, was put out by 3 a.m., but fire crews continued to spray foam and water on the tanks to help keep them cool and prevent the fires from starting again, the company said in a statement.No serious injuries were reported, it said. Fire officials…
Air Quality Monitored as TX Tank Blaze Rages
Houston officials and environmental groups raced to expand air monitoring on Tuesday after a raging fire at a Mitsui & Co petrochemical storage site produced billowing acrid smoke that could be seen and smelled miles away.The blaze at Mitsui unit Intercontinental Terminals Co in Deer Park, Texas, burned for a third day after firefighting water pumps broke down for six hours on Monday evening, the company said.The fire began on Sunday when a leaking tank containing volatile naphtha ignited and flames quickly spread to nearby tanks…
Houston Terminal Fire May Last Two More days
A massive fire at a fuels storage company along the Houston Ship Channel may burn for two more days, an official said on Monday as the blaze spread a plume of black smoke across the city, shutting schools in two nearby communities.The fire began Sunday morning in a giant storage tank containing naphtha, a volatile substance used to create octane-boosting components of gasoline.No injuries were reported from the fire but nearby residents were encouraged to remain indoors. The entire city of Deer Park, Texas, a Houston suburb, was told to shelter in doors all day Sunday.
Houston Tank Fire Spreads to More Tanks
A storage tank fire on the Houston Ship Channel on Sunday has spread to seven petrochemical storage tanks, forcing residents in the suburb of Deer Park, Texas, to stay indoors on Monday, but no evacuations or injuries were reported.The fire, which sent a plume of black smoke across the city's eastern half and was visible from 10 miles (16 km) away , began in a giant storage tank containing naphtha, a volatile component of gasoline, at about 10:30 a.m. (1530 GMT) on Sunday.By evening…
GE Turbines Power Two U.S. Navy LCS
GE Marine's LM2500 gas turbines now power two Littoral Combat Ships built by Austal USA that were recently commissioned by the United States Navy: USS Tulsa (LCS 16) and USS Charleston (LCS 18).The powerful LM2500 gas turbines are “Made in America” at GE’s Evendale, Ohio, manufacturing facility, just north of Cincinnati, Ohio.The commissioning for LCS 16 was held in San Francisco, California, on February 16; LCS 18 was commissioned March 2 in Charleston, South Carolina. According to a U.S.
Ports of Indiana: Big Successes, with Big Projects in the Wings
For Indiana’s state-established, but autonomous Ports of Indiana, 2018 was a record setting year, both for system-wide numbers and among the three individual Ports. These consist of Burns Harbor, on Lake Erie; Jeffersonville, on the Ohio, across from Louisville, KY; and Mount Vernon, also on the Ohio River, about 140 miles downriver from Jeffersonville.Not only were actual numbers robust, but Port officials reported “unprecedented tonnage increases” within the three-port system.
Morrison Acquires Pipelay and Diving Fleet
The provider of comprehensive services to oil and maritime companies, Chet Morrison Contractors (Morrison) has acquired two pipelay/construction barges and a saturation diving system from an undisclosed seller in a move to double the size of its pipelay barge fleet.Louisiana based energy services company said in a press release that the first asset it acquired is LB Super Chief, a 265 ft x 72 ft ABS-classed pipelay barge with accommodations for 93 personnel. It is outfitted with a 100 KIP pipe tensioner, is U.S.
Proposed Deepwater Port in Gulf of Mexico
The Maritime Administration (MARAD) issued a notice stating that a public scoping meeting will be held on 20 March in Lake Jackson, Texas to receive comments on the proposed deepwater port (DWP) in the Gulf of Mexico to be constructed and operated by SPOT Terminal Services LLC. Written comments must be received by 5 April. 84 Fed. Reg. 8401 (3/7/19) https://www.govinfo.gov/content/pkg/FR-2019-03-07/pdf/2019-04101.pdf(Bryant's Maritime Newsletter)
US Shale Firms Cut CapEx, Up Production
U.S. shale energy companies are cutting their spending levels in 2019, but they're still planning on increased oil and gas output."US shale companies expect to deliver an average of 15% growth in oil production in 2019 vs. 2018. At the same time, operators say they will cut capital spending by 5% this year," said an analysis from Rystad Energy.The energy research and business intelligence company has analyzed the recently released earnings reports for the fourth quarter of 2018 from 45 US operators…
Russia Ships Record High LNG Volumes to Europe
Russia delivered a record amount of liquefied natural gas (LNG) to Europe in February, becoming the biggest supplier of the chilled fuel to the continent for the first time.A total of 19 cargoes, or 1.41 million tonnes, of LNG from the Yamal LNG plant in Russia's Arctic reached regasification terminals in Europe in February, with the majority of those going to northwest Europe, Refinitiv Eikon data shows.This is the largest monthly amount of LNG from Yamal to arrive in Europe since the plant was launched in Dec.