US Refiners Grab HSFO on Back of IMO 2020
U.S. refiners are scooping up cheap high-sulfur fuel oil for processing from Russia and the Baltic states as they take advantage of new shipping rules that have cut demand for the dirtier marine fuel, according to oil traders and shipping data.U.S. refiners Valero Corp, Chevron Corp and Phillips 66 have been buying HSFO, traders said, taking advantage of their complex operations to turn HSFO blended with crude oils into products like diesel, gasoil and gasoline.This month, 2.2 million tonnes of fuel oil…
Port NOLA Sets New Box Record
Louisiana’s only international container port Port of New Orleans (Port NOLA) moved more containers in 2019 than at any time in its history, totaling 648,538 twenty-foot equivalent units (TEUs), up 10% compared to one year ago.The multimodal gateway for global trade said in a press release that the record marks the sixth consecutive year the Port surpassed the half million TEU-mark at its Napoleon Avenue Container Terminal, which is operated by New Orleans Terminal and Ports America.“Port NOLA has now seen double-digit growth in total container volumes for two consecutive years…
The Mighty Mississippi: Taming the Bull
The beneficial use of dredge material sets a record in FY 2019. And, we’re just getting started. Funding will be the key.In mid-November 2018, concerns began to rise about an unseasonably high river stages on the Upper Mississippi River Basin generated by significant precipitation events. As a navigation representative on the Lower Mississippi River, I have unfortunately learned that the river system is changing and that precipitation around the world has been increasing for decades.
US to Invest in Marine Highways
The US Department of Transportation’s Maritime Administration (MARAD) has will invest $7.5 million in nine Marine Highway projects as it looks to make the movement of cargo and people at sea and on land more efficient.The funding, provided by MARAD’s America’s Marine Highway Program, will go towards enhancing existing services in Florida, South Carolina, Kentucky, Louisiana, Michigan, Oregon, Texas, Virginia, and Washington.“This $7.5 million investment will improve our country’s vital fuel-efficient waterway transportation system…
MARAD Awards Marine Highways Grants
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Monday announced more than $7.5 million in grants to nine Marine Highway projects. The funding, provided by MARAD’s America’s Marine Highway Program, will go toward enhancing existing services in Florida, South Carolina, Kentucky, Louisiana, Michigan, Oregon, Texas, Virginia, and Washington“This $7.5 million investment will improve our country’s vital fuel-efficient waterway transportation system, which makes an important contribution to exports and economic growth,” said U.S. Secretary of Transportation Elaine L.
Manson Wins $8.4M Dredging Contract
Manson Construction Co., Seattle, Washington, was awarded an $8,396,000 firm-fixed-price contract for dredging of the Mississippi River. Bids were solicited via the internet with two received. Work will be performed in Plaquemines, Louisiana, with an estimated completion date of Oct. 12, 2020. Fiscal 2020 operations and maintenance-Recovery Act and civil works funds in the amount of $8,396,000 were obligated at the time of the award. U.S. Army Corps of Engineers, New Orleans, Louisiana, is the contracting activity (W912P8-20-C-0010).
For Fireboats, The Heat is On
These days, cost-conscious municipalities across the fruited plain, from sea to shining sea, are ordering new waterborne assets to cover their many local responsibilities. When they do, they want ‘more bang for their buck,’ combining multiple missions – and the equipment that makes it all possible – onto one hull. That’s a tall order on the typically compact patrol boat style hulls that tend to be big on performance, but short on space for equipment that can demand a significant physical footprint.
Castleton Closes Shell Shale Deal
Houston-based Castleton Resources said that its subsidiary Castleton Commodities International LLC (CCI) has closed on the acquisition of the East Texas and North Louisiana Haynesville Shale assets of BG US Production Company LLC, a subsidiary of Royal Dutch Shell plc. Pro forma for the acquisition, Castleton Resources will hold approximately 222,400 net acres in the region and produce approximately 334 MMcfe/d (net). Castleton Resources is owned by CCI and Tokyo Gas America Ltd., a wholly owned subsidiary of Tokyo Gas Co., Ltd. Concurrent with the transaction, Tokyo Gas America Ltd.
Protecting Ports from Sea Level Rise
Coastal flooding disasters have occurred periodically through history often followed by construction of flood defenses to help ensure it does not happen again. One of the most well known was the 1953 North Sea Flood in the Netherlands when a storm surge occurred on top of astronomical high tides causing thousands of deaths, property and economic damages. The Dutch and UK reacted and increased construction of sea defenses including storm surge barriers, such as the Delta Works and River Thames barriers.
Five Common Mistakes in Maritime Contracts
“An ounce of prevention is worth a pound of cure.” – Henry de Bracton, DeLegibus, ~1240Often clients or prospective clients come to me with a commercial contract issue perched on the precipice of full-blown litigation or arbitration. When I ask to see the contract, often times I see errors in drafting that either (1) give rise to the problem before me or (2) could create a bigger problem for the client in the future.The risk of drafting error is higher for Europeans looking to contract with American companies.
Louisiana LNG Unit Starts Production
Train 2 of the Cameron LNG project in Hackberry, Louisiana, has begun producing liquefied natural gas (LNG), announced McDermott International and its joint venture partner, Chiyoda International Corporation, a U.S.-based wholly-owned subsidiary of Chiyoda Corporation, Japan.While production is in the initial phases, this significant project accomplishment is a precursor to substantial completion of Train 2."This accomplishment is attributable to the entire team's unwavering commitment…
USN’s Next-Gen Patrol Boat Near End of OT&E
Shipbuilder Metal Shark and the US Navy are nearing the end of the operational test and evaluation (OT&E) trial period for the Navy’s incoming standardized “40 PB” patrol boat platform.Developed as the replacement for up to 160 patrol vessels deployed worldwide with Navy Expeditionary Combat Command’s Coastal Riverine Forces (CRF), Metal Shark’s 40 Defiant design was selected in late 2017 from a field of seven competing shipbuilders.Metal Shark produced two of the 40-foot, welded-aluminum monohull pilothouse patrol boats for test and evaluation purposes…
ESG Delivers M/V Jaden Pasentine
Eastern Shipbuilding Group has delivered of the M/V Jaden Pasentine (Hull 200). The 70th 90’x 32’x 10’ Inland Towboat built by Eastern for Florida Marine Transporters, LLC of Mandeville, LA. In 2018, Florida Marine Transporters, LLC signed four more additional towboats, bringing the total to seventy (70) vessels contracted over the last 14 years. The M/V Jaden Pasentine was constructed at Eastern’s Allanton Facility and designed by Gilbert Associates, Inc. of Boston, MA.The M/V Jaden Pasentine for Florida Marine is powered by two (2) Caterpillar 3512C Tier 3 diesel engines rated at 1…
KHI Delivers LNG carrier Marvel Pelican
Japanese public multinational corporation Kawasaki Heavy Industries (KHI) has delivered the Marvel Pelican, a 155,000 m3 capacity liquefied natural gas (LNG) transport vessel for use by Mitsui O.S.K. Lines (MOL).The second of Kawasaki's line of 155,000 m3 capacity LNG carriers to be commissioned, this ship is designed to enable passage through the newly expanded Panama Canal, which opened for full operations in 2016.The Marvel Pelican will be used by MOL primarily to transport LNG procured via the American Cameron LNG Project in the U.S.
CSD General MacArthur Hits the Water
Texas-based, family-owned dredging business Callan Marine has recently launched the General MacArthur, one of the largest cutter suction dredges in the U.S. market.At 290 feet in length and a 9 foot draft, the General MacArthur boasts 24,000 total installed horsepower.Powered by 3 Cat-MAK diesel engines, the dredge has a fuel capacity of over 300,000 gallons, giving it the capability to work on all U.S. coasts and waterways, as well as globally.The 32” cutter dredge General MacArthur is designed to perform capital…
GoM: Total Begins Two Deepwater Projects
Total S.A announced the final investment decision (FID) to develop the Anchor oil field located in the deepwater U.S. Gulf of Mexico (GoM), off the coast of Louisiana.Additionally, front-end engineering and design (FEED) has begun for the North Platte discovery in the deepwater GoM.Total holds a working interest of 37.14% in Anchor, alongside operator Chevron (62.86%).The Anchor field will be developed with seven subsea wells connected to a semi-submersible floating production unit (FPU) with a capacity of 75,000 barrels of crude oil and 28 million cubic feet of gas per day.
Ocean LNG Leads in Contracted Capacity
Ocean LNG has dominated in terms of long-term liquefied natural gas (LNG) import volumes for contracts signed by key purchasing companies for the year 2019, with almost 47% of the global contracted capacity.According to a report by GlobalData, Ocean LNG signed the biggest long-term LNG contract for 2019 with Golden Pass Products. According to the contract, Golden Pass Products will supply Ocean LNG with 15.6 million tonnes per annum (mtpa) of LNG for a period of 20 years, from 2024 to 2044.The gas will be supplied from the Golden Pass II LNG liquefaction terminal in Texas…
Mammoet SPMTs Cantilevered
Dutch company specialized in engineered heavy lifting and transport Mammoet said that its crews have successfully set 108 total shoulder spans on the southbound lanes of the New Orleans Causeway in Louisiana by means of the self-propelled module transporter (SPMT) used as a cantilever set atop a barge.The shoulders are located between the crossovers, giving motorists and first responders a safe place to pull over when there are breakdowns or accidents. This endeavor is considered the most significant improvement to the almost 24-mile-long bridge since the second span was completed in 1969.
Caterpillar Supplies Engines for Tier 4 Tug
Caterpillar Marine has supplied two Cat 3516E Tier 4 main engines to the Andrew S. The EPA Tier 4 Final and Subchapter M azimuth stern drive (ASD) tractor tug was delivered to Bisso Towboat Co.Each engine generates 3,004 bhp at 1,800 rpm and a selective catalyst reduction (SCR) system. At 6,008 bhp, Andrew S. is the most powerful Tier 4 tug on the Mississippi River.The Andrew S. measures 100’ x 38’ x 13.5’ and has an estimated bollard pull of 84 tons. Additional features of the tug include U.S.
Metal Shark Delivers 30th Passenger Vessel
USA shipbuilder Metal Shark has delivered its 30th passenger vessel since June of 2017. Built at Metal Shark’s Franklin, Louisiana shipyard, the newest ferry delivery, a 97-foot, 350-passenger, USCG Subchapter “K,” welded-aluminum, high-speed, low-wake catamaran, was handed off to its operator last week and will soon enter service.“To achieve this extraordinarily high volume production of passenger vessels, we adapted and incorporated the now-proven serialized production methods that we initially developed to build patrol boat fleets for the US military…
Interview: Boriana Farrar, Ship Owners Claims Bureau
Boriana Farrar is a familiar face in maritime circles, the Vice President and Counsel and a Senior Claims Executive and Business Development Director for the Americas at the Ship Owners Claims Bureau, Inc. managers of the American P&I Club. We met with her in her NYC office to discuss her path from her native Bulgaria to a top maritime professional position.When Boriana Farrar moved from her native Bulgaria to the United States in 2001, she did so to be close to family, her mother and her sister who had already established a life in the U.S., some 5,000 miles from her homeland.
US Funds $30 million for Coastal Flood Protection
The U.S. government's oceans and waterways agency will provide $30 million to improve coastal resilience, officials said, aiming to reduce the impacts of worsening storms, flooding and rising seas in nearly half of U.S. states.Grants through the program are designed to restore or expand coastal wetlands, dunes, reefs, mangroves and barrier islands that are key to coastal protection, said the National Oceanic and Atmospheric Administration (NOAA) in an announcement.Coastlines worldwide are being damaged or threatened by more extreme and destructive weather…
Oil Majors to Raise $27Bln in Selling Spree
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline.“The expected transactions mean some of the majors are poised to exit certain regions…