LOOP Tests Crude Exports with VLCC
The Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal in the United States, said on Tuesday it had moored a supertanker and initiated a detailed test procedure, bringing it closer to being able to export crude oil. LOOP said last year its U.S. Gulf Coast facility would have the capacity to load Very Large Crude Carriers (VLCCs), the largest oil tankers, which can ship some 2 million barrels of oil by early 2018. Washington lifted a 40-year ban on oil exports two years ago, and since then tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo. Gulf Coast terminals handle three-quarters of U.S. crude exports, but only LOOP can handle supertankers.
Mexico Oil Export Ports Closed
Two of Mexico's chief oil export ports were closed on Tuesday, Reuters reported, because of strong winds and waves in parts of the Gulf of Mexico, port officials said. The port of Dos Bocas, located in the southeastern state of Tabasco, was shuttered as seas crested at 10 ft. and winds gusted at between nine and 12 mph, said an official at the port captain's office. The Pajaritos terminal, part of the Coatzacoalcos complex in eastern Veracruz state, was also closed as waves hit 10 ft. and winds ranged from 21 to 27 mph, said a port official. The Gulf-side port of Cayo Arcas in southeastern Campeche state and the Pacific Port of Salina Cruz were operating normally, said port officials and the Transport Ministry.
Bad Weather Closes 3 Major Mexican Oil Ports
Three of Mexico's major oil export ports along the Gulf coast have been closed due to bad weather, the Communications and Transport Ministry said on Tuesday. Cayo Arcas, Dos Bocas and Coatzacoalcos have been closed since Sunday. Nearly all of Mexico's crude exports from Pemex, the state-owned oil producer, are shipped from the three ports to Gulf coast refineries in the U.S. states of Texas and Louisiana. (Reporting by Joanna Zuckerman Bernstein; Editing by Jeffrey Benkoe)
Weather Stops Crude Exports
Mexico's crude oil export ports Dos Bocas and Pajaritos in the Gulf of Mexico remained closed on Wednesday by bad weather, the Transport Ministry said. Winds of up to 85 kmph were whipping up 14-ft. waves at Coatzacoalcos the Veracruz state port where Pajaritos is located, the ministry said. A daily average of 389,000 barrels of extra-light Olmeca crude was exported from Pajaritos in 1997.
Tropical Storm Keith Forces Key Oil Ports To Close
Two of Mexico's key oil export ports were shut down on Wednesday as tropical depression Keith whipped up winds and waves in the Gulf of Mexico, though the effects on oil production were not immediately known, authorities said. The port of Dos Bocas in southeastern Tabasco state was closed as winds blew from 21 and 27 miles per hour and seas swelled at between eight and 10 ft., said the transport ministry in a statement. Cayo Arcas in neighboring Campeche state was also closed, though the transport ministry did not provide details on port conditions.
Libyan Rebel Leader: Govt Has Not Fulfilled Deal to Reopen Ports
A rebel group controlling two large oil export ports in eastern Libya said on Wednesday the government had not fulfilled its part of an agreement to reopen the ports. Abd-Rabbo al-Barassi, self-declared prime minister of the group, also told a pro-rebel television station it refused to deal with new Prime Minister Ahmed Maiteeq. (Reporting by Ulf Laessing; Editing by Andrew Roche)
Libya's Hariga Oil Port Shut Due to Strike
Libya's eastern oil export port Hariga shut down because of a strike over unpaid salaries of security guards, closing the country's last functioning export port apart from two offshore fields. The closure will lower oil output to less than 300,000 barrels a day, a fraction of the 1.6 million Libya used to pump before the 2011 uprising toppling Muammar Gaddafi. The terminal near Tobruk, with a capacity of 120,000 b/d has by and large escaped disruption thanks to its easterly position.
Two Mexican Oil Ports Reopen after Dolly Downgraded
Two of Mexico's three main oil exporting ports in the Gulf of Mexico, Dos Bocas and Cayo Arcas, were reopened on Wednesday after major storm Dolly was downgraded, the country's communications and transport ministry said in a statement. Dolly, which was previously a tropical storm, weakened to remnant status on Wednesday, the U.S. National Hurricane Center said in its latest advisory. Mexico's third major oil hub, Coatzacoalcos, was never closed despite strong winds and rainfall associated with Dolly. The country's Tampico and Altamira ports, however, have been closed since Tuesday due to bad weather, the ministry added. Almost all of Mexico's crude oil exports are shipped to refineries on the Gulf Coast of the United States from the Dos Bocas, Coatzacoalcos and Cayo Arcas ports.
Libya's Hariga Oil Port Reopens After Strike
Libyan oil export port Hariga has reopened after guards ended a strike over salary payments, and the terminal will start loading tankers once better weather allows, a facility spokesman said on Tuesday. Libya shut most operations at the eastern port, located near the border with Egypt, on Saturday after security guards prevented a tanker from docking in protest over wages. "An oil tanker was supposed to dock at the port this morning but the weather was against this. We will wait until the weather allows us to go ahead," said spokesman Omran Al-Zwie. A closure at Hariga would have cut Libya's oil exports to 100,000 barrels per day or less, based on previous official data.
Texas Flood: U.S. Oil Pours into Global Markets
United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo. The repeal has unleashed a flood of U.S. shale oil, undercutting global crude prices, eroding the clout of the Organization of Petroleum Exporting Countries (OPEC) and seizing market share from many of its member countries.
Nigeria's Primary Crude Exports Set to Rise
Nigeria is set to export more of its largest crude oil stream, Qua Iboe, on a barrel-per-day basis in April, while loadings of two other main export grades will also rise, loading programmes showed on Friday. Forcados exports will also rise, to 262,000 bpd in April on 10 cargoes, up from 248,000 bpd on 11 cargoes in March. Bonny Light exports in April are also expected to edge higher on a bpd basis to 163,000 bpd in April, up from 161,000 bpd in March. The total Bonny loading volume will slip to 4.9 million barrels on five cargoes…
Inclement Weather Closes Two Mexican Ports
Strong winds and choppy seas produced by a Gulf of Mexico cold front forced the closure of two of Mexico's main oil exporting ports on Tuesday afternoon, authorities said. Pajaritos port, part of the Coatzacoalcos complex in eastern Veracruz state, was shuttered to oil tankers as waves crested at eight feet and winds blew at 30 to 33 miles per hour (50-55 km per hour), transportation officials said. The port of Dos Bocas, located in the southeastern state of Tabasco, was also closed but transportation officials did not provide conditions at the port. Mexico's two other ports - the Gulf port of Cayo Arcas in southeastern Campeche state and the Pacific facility of Salina Cruz in Oaxaca state - were both open on Tuesday afternoon.
Iran-Indian Co-operation in Chabahar Port
Iranian President Hassan Rouhani vowed to collaborate more closely with India on the strategic Chabahar port development. Rouhani made the pledge when India's National Security Advisor Ajit Doval called on him in Tehran. The implementation of Chabahar-Zahedan Railway project and expanding Port of Jask to make it an important oil export port, President Rouhani said Iran is ready to cooperate more closely with the Indian private sector. The Port of Chabahar is a seaport in southeastern Iran. Its location lies in the Gulf of Oman. It is the only Iranian port with direct access to ocean.
New Program Makes it Easier to Ship Cars at Port Everglades
Crowley Maritime has helped launch a pilot Vehicle Validation Export Process Program that now allows shippers to submit original vehicle export documentation electronically instead of delivering physical copies to a local customs trade office. The automated program, which is the first of its kind anywhere in the country, is currently being offered in Port Everglades to exporters shipping used vehicles from South Florida to destinations throughout the Caribbean, Central America and beyond. Crowley was a critical player in developing the test program, which kicked off earlier this month.
First Oil tanker Libya's Hariga Since Strike, Storm
An oil tanker has docked at Libya's port of Hariga for the first time since security guards ended a strike this week and a storm passed, a port official said on Thursday. Authorities managed earlier this week to persuade security guards to end a strike over delayed salary payments, keeping Libya's only functional onshore oil export port open. A storm then further delayed the terminal's reopening. Greek-registered Minerva Zoe, which had been waiting to dock for a week, would start loading 725,000 barrels of oil soon, the official said, asking not to be identified. The tanker was bound for Italy. Another tanker importing 25,000 tonnes to Libya had also arrived, he said.
Oil Shipments From Georgia's Batumi Port Down 34%
Oil and related shipments from Georgia's Black Sea port of Batumi in January were down 34 percent from a year earlier, an official at the terminal, operated by Kazakh KazMunaiGas , said on Thursday. The official gave no reason for the fall, but state company KazMunaiGas continued to reroute some shipments to the Baku-Tbilisi-Ceyhan pipeline this year. January shipments of crude oil and refined oil products from Batumi totalled 108,464 million tonnes, down from 164,218 tonnes a year earlier and 221,210 tonnes in December, said the official, who asked not to be identified.
Panama Canal Expects LNG Tanker Traffic to Rise 50%
The number of liquefied natural gas (LNG) tankers traversing the Panama Canal is expected to jump 50 percent by September due to rising exports of the fuel from the United States, the head of the canal's governing agency told Reuters. After adding a third set of locks in 2016, the Panama Canal Authority expects that growing global demand for LNG will boost transit through the waterway, said Jorge Quijano, head of the authority. Demand for LNG has taken off in recent years because of abundant supplies of natural gas…
BIMCO: China Breaks New Ground… Again
Chinese seaborne imports of iron ore, coal and crude oil have all grown strongly throughout 2017. Both seaborne imports of crude oil and iron ore have reached the highest levels ever recorded, while coal reached the highest level in three years. Imports of crude oil and coal have benefitted the shipping industry to the greatest extent as both volumes and distances have increased. China continues to ramp up its imports of iron ore with seaborne imports growing 4.7% in 2017 compared to 2016.
U.S. Crude Jumps $1 on Jobs Data, Libya Doubt
Crude oil prices on both sides of the Atlantic rose on Friday as data showed strong jobs growth in the United States and investors cast doubt on reports Libya's oil ports were about to reopen. The March U.S. non-farm payrolls report showed 192,000 jobs were added in March in major test of the argument that the economic weakness of January and February was due to bad weather. Expectations had been building that an eight-month blockage of Libya's oil export ports would end after rebels and the government said they were close to an agreement. The Libyan government said it had seen evidence of "good intentions" at indirect talks with eastern rebels that could lead to renewed exports.
Crude Spill Hits PDVSA's Jose Terminal
Operations at Venezuela's main oil-exporting port Jose were hit by a crude oil spill on Tuesday, union sources and shipping agents told Reuters. A break in a pipeline that runs from the oil terminal to a single buoy mooring (SBM) facility near Venezuela's eastern coast would have produced the spill, according to four sources familiar with the incident. None of the sources could confirm the spill's magnitude but operators said there were no vessels docking at the SBM at the time of the incident. The 36-inch pipe can transport up to 32,000 barrels per day (bpd) of crude oil to the SBM facility, which is used by tankers to load oil for export. State-owned oil company PDVSA did not immediately respond to a request for information about the incident.
Cove Point LNG Terminal's First Export Imminent
Methane Spirit, a liquefied natural gas tanker, said on Thursday it would arrive at Dominion Energy Inc's Cove Point LNG export facility in Maryland around March 31, according to Reuters shipping data. If correct, that could be the first vessel to pick up a cargo from the LNG facility, which Virginia-based Dominion said it expects to enter service in March. Dominion said it planned to spend $4 billion to add export facilities at Cove Point, long an LNG import terminal on the Chesapeake Bay.
Air Strikes on Port of Misrata
Forces loyal to Libya's internationally recognised government on Saturday staged air strikes on the commercial port of Misrata, a western city allied to a group that holds the capital Tripoli, both sides said. Fighting was also reported near the country's biggest oil export port located in the east, part of a struggle between troops loyal to two competing governments and parliaments. The internationally recognised prime minister Abdullah al-Thinni has been forced to run a rump…
Fitch: U.S. Port Growth Steady as NAFTA Decision Looms
U.S. ports are positioned for another solid year of growth, though the Trump administration's evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing. This after a strong 2017 in which ports on both coasts saw overall growth through the year. "Moving to larger ships and implementing operational alliances have helped drive volume growth on both coasts in 2017," said Emma Griffith, Director.