Petroleum Products News

25 Nov 2020

Oil Tanker Hit by Explosion at Saudi Terminal

© Eulo Felber Sabran / MarineTraffic.com

An explosion damaged a Greek-managed tanker at a Saudi Arabian terminal on the Red Sea just north of the Yemeni border, the ship's manager said on Wednesday, in an attack confirmed by Saudi Arabia.In a statement published by state media, the Saudi-led coalition fighting the Houthis in Yemen said a commercial vessel suffered minor damage from shrapnel in what it described as a foiled terrorist attack.Athens-based TMS Tankers said the Maltese-flagged vessel it managed was "attacked…

24 Nov 2020

Nigerian Court Jails Seven for Stealing Oil

Credit:  alexlmx/AdobeStock

A Nigerian court has sentenced six foreigners and one Nigerian to seven years in prison for oil theft, the Economic and Financial Crimes Commission (EFCC) said on Tuesday, three years after the navy arrested 10 suspects with a vessel carrying crude oil off the Niger Delta.The suspects - a Nigerian, two Pakistanis, three Ghanaians, one Indonesian, one Beninois and two Ukrainians - had siphoned about two thousand metric tonnes of crude oil from a loading facility belonging to Shell Petroleum…

02 Nov 2020

Maintenance Projects to Begin at Port Everglades

© daniel piraino/EyeEm / Adobe Stock

The U.S. Army Corps of Engineers will soon begin work on two important maintenance projects at Port Everglades in Fort Lauderdale, Fla. Port officials say they do not foresee any interruption of services during the construction. The South Jetty, located at the north end of Dr. Von D. Mizell-Eula Johnson State Park, will be restored to its original profile and cross section. A notice to proceed was issued to the contractor in October 2020. The work is expected to begin in February 2021 and the anticipated completion date is September 2021.

21 Oct 2020

Tanker Approaches Listing FSO Nabarima to Load Crude

The FSO Nabarima listing in the Gulf of Paria on October 16 (Photo: Fishermen and Friends of the Sea)

An oil tanker operated by Venezuelan state oil company Petroleos de Venezuela on Tuesday approached a floating oil facility where it is expected to receive crude via transfer at sea amid environmental concerns, Refinitiv Eikon data showed.Environmental groups have in the past two weeks expressed concern about a potential spill of the 1.3 million barrels of crude aboard the Nabarima oil facility - part of the Petrosucre joint venture between PDVSA and Italy's Eni SpA - after images…

13 Oct 2020

US Shipyards See Big Business Shifts

The second of three vessels for New York City’s Staten Island Ferry was launched by Eastern Shipbuilding this summer. (Photo: Eastern Shipbuilding Group)

The American shipbuilding scene, filled with participants constructing all manner of vessels, has been navigating through stormy times (lately, yards along the Gulf Coast have literally been dealing with storms). The orders for newbuild, repair and conversion projects continue to flow in—albeit at a reduced pace—and the boats and ships go down the ways into the water, but the overall panorama has seen tremendous sea changes as the business has shifted.Maritime businesses worldwide have been grappling with currents both internal and external.

13 Oct 2020

Klaveness Combination Carriers Takes Delivery of MV Bangus

 MV Bangus - Credit: KCC

Oslo-listed  Klaveness Combination Carriers  (“KCC”) has taken delivery of the MV Bangus carrier from New Yangzi Shipyard in China. KCC Tuesday said Tuesday the MV Bangus was the fifth of in total eight contracted CLEANBU combination carriers."The CLEANBUs are unique vessels both in terms of design, their unprecedented environmental performance, operational and technical efficiency. These vessels have up to 40 lower CO2 emissions per ton mile transported cargo compared to standard vessels…

01 Oct 2020

Drydocks Starts Building SPM Buoy for Orwell Offshore

Credit: Drydocks World

Dubai-based Drydocks World has started construction of a single point mooring buoy for Orwell Offshore's “Lekki SPM Project.”The SPM is planned to be installed in the petroleum product handling facility at the Lekki Free Trade Zone in Lagos State, Nigeria.Orwell has won the contract for the fabrication which includes the Engineering, Procurement and Construction (EPC) basis and installation of the Buoy by Pinnacle Oil & Gas; aiming to develop the petroleum product handling facility in Nigeria.The Buoy is 16.5 meters in diameter and 10.6 meters high…

31 Jul 2020

Cyprus Gets EBRD Loan to Buy FSRU

Illustration only; An FSRU Unit - Credit: Ryuyu Tai - MarineTraffic

The European Bank for Reconstruction and Development (EBRD) will provide an €80 million loan ($94,7 million), alongside EU and EIB financing, for a floating storage and regasification unit in CyprusThe EBRD is providing an €80 million loan to the Natural Gas Infrastructure Company of Cyprus (ETYFA) for the acquisition of an FSRU and the development of related infrastructure.The FSRU will be permanently anchored about 1.3 km off the coast of Limassol in Vasilikos Bay and will connect directly to the adjacent Vasilikos power station, the largest power plant in Cyprus.

16 Jul 2020

US Great Lakes Ports See Mixed Impacts from COVID-19

Fraserborg loading wheat bound for Italy at the Riverland Ag Corp. terminal in Duluth, Minnesota, on June 15, 2020. (Photo: Duluth Seaway Port Authority)

U.S. Great Lakes ports reported mixed results in June with aluminum, road salt and grain shipments holding strong despite the coronavirus pandemic, while shipments of commodities related to steel production and manufacturing have continued to slide.Additionally, the St. Lawrence Seaway reported that from April 1 to June 30, nearly 11.7 million metric tons of cargo was shipped via the bi-national trade corridor. While these volumes were down 8% compared to the same time period in 2019, cargo shipments improved in June narrowing the year-over-year decline.Craig H.

15 Jul 2020

Cryopeak Inks Deal with Island Tug & Barge for LNG Bunkering

© mumemories / Adobe Stock

Cryopeak LNG Solutions Corporation said Wednesday it has signed a Memorandum of Understanding with marine bulk fuels transporter Island Tug & Barge Ltd. (ITB) to deliver liquefied natural gas (LNG) bunkering services in Southwest British Columbia, Canada.Cryopeak and ITB have developed a design for a 4,000-cubic-meter articulated tug and barge (ATB) which is planned to be in operation in 2023. A key feature of this solution is that it will leverage one of ITB's tugs designed and…

24 Jun 2020

Chinese Shipments Held for Extra Customs Checks in India

© Raja stills / Adobe Stock

Customs officials at Chennai, one of India’s biggest ports, have held shipments originating from China for extra checks, sources aware of the delays told Reuters, amid a backlash against China over a border clash in which 20 Indian soldiers died.The increased scrutiny on shipments from China at Chennai Port, which handles various cargo including automobiles, auto components, fertilizers and petroleum products, could disrupt supply chains.While there is no official order from the government yet…

11 Jun 2020

COVID-19 Weighs on Great Lakes-Seaway Shipping

File photo: The Federal Schelde dropping off a load of salt at the Port of Johnstown in 2019. (Photo: Port of Johnstown)

While St. Lawrence Seaway cargo volumes decreased during the past two months due to economic shifts related to COVID-19, industry leaders said the binational trade and transportation corridor is ready to play its part in the economic recovery efforts in the coming months. Meanwhile, with an increased focus on commodity diversification through project cargo, international shipments of wind energy components in the Great Lakes region are taking off.Overall St. Lawrence Seaway tonnage from March 15 through May 31 totaled 7.7 million metric tons, down 10% compared to the same time period in 2019.

19 May 2020

Taiwan Says It's Complying with North Korea Sanctions

(File photo: U.S. Department of the Treasury)

Taiwan is complying with international sanctions against North Korea, a senior Taiwanese security official told the United States’ deputy representative for North Korea on Tuesday, having previously been called out for breaking them.Taiwan, claimed by China as its own, is not a member of the United Nations, but says that as a responsible global player it is committed to ensuring sanctions are enforced to rein in North Korea’s nuclear and missile programs.In 2018, independent U.N. monitors told a U.N.

21 Apr 2020

Bollinger Delivers ATB to Crowley

(Photo: Bollinger)

Crowley Fuels took delivery Tuesday of its new Alaska Class 100,000-barrel, articulated tug-barge (ATB), which will be used to transport petroleum products for the Alaska market, from Bollinger Shipyards.Crowley will operate the 483-foot ATB for Alaska-based Petro Star Inc., a wholly owned subsidiary of Arctic Slope Regional Corporation (ASRC) under a long-term charter. Crowley Shipping’s petroleum services group will operate the ATB on behalf of Crowley Fuels.The ATB is the first in Crowley’s fleet to be dedicated to the Alaska market.

10 Apr 2020

The Numbers Tell the Story of Oil Industry Crisis

© Kalyakan/AdobeStock

Global oil producers and refiners are struggling with a series of unprecedented dislocations as the simultaneous epidemic and volume war between Saudi Arabia and Russia rip through every element of the supply chain.Some idea of the extraordinary speed and scale of the disruptions was evident in the "Weekly Petroleum Status Report" published by the U.S. Energy Information Administration on Wednesday.The United States is the world's largest oil consumer and producer, though it is…

18 Mar 2020

"Ship-Spotter" of the Day

The tug Austin Reinauer (4,000 hp) pushing the empty barge RTC-100 (100,000 bbl. capacity) downbound from Providence, R.I. Photo: Barry Parker

Barry Parker, contributor to Maritime Reporter & Engineering News and MarineNews magazines, is – like many people around the world – sequestered and working from home. He is our designated “ship spotter” for the day.In the maritime business, most of us have been adept at working from home (or from remote locations). Still, with the precautions being taken to prevent the spread of the Coronavirus (Covid 19), remaining at home – in my case, on the North Shore of Long Island, has not been without its challenges.

16 Mar 2020

Winter Work on the Great Lakes

(Photo: Fincantieri Bay Shipbuilding)

Along the 1,600-mile, ice gray arch of the St Lawrence Seaway, the 2020 Great Lakes commercial shipping season will lurch back to life on March 25 when the Soo Locks at Sault Ste. Marie, Mich. reopen.The ceremonial opening signals a passage with passable ice and the 114th Great Lakes season for its fleet of 45 venerable lakers. Most of these huge self-loading freight haulers are at least 50 years old, rust free, and fit; American steel sailing on a freshwater sea.To handle Great Lakes cargo…

14 Feb 2020

US Ports Get More Than $280 Mln in MARAD Grants

© John McQuiston / Adobe Stock

The U.S. Department of Transportation’s (USDOT) Maritime Administration (MARAD) announced that it has awarded more than $280 million in discretionary grant funding through the new Port Infrastructure Development Program. This funding is designed to improve port facilities at or near coastal seaports.The Port Infrastructure Development Program supports efforts by ports and industry stakeholders to improve facility and freight infrastructure to ensure our nation’s freight transportation needs, present and future, are met.

06 Feb 2020

Harley Marine Rebrands as Centerline

(File photo: Harley Marine Services)

Harley Marine Services has changed its name to Centerline Logistics Corporation and rebranded its regional operations in parallel following an equity ownership change in July 2019.Matt Godden, Centerline Logistics President and CEO, said, “Over the last year the company has made significant progress in restructuring its operations and this branding change signals our renewed strength and vision to remain a leader in the marine transportation business.”The name change follows a ratings affirmation of the company’s senior credit facility by Kroll Bond Rating Agencyon December 16…

03 Feb 2020

Royston Completes Engine Overhaul Work on Tanker

Royston has completed an overhaul of engines on the Henrietta PG (Photo: Royston)

Royston completed work to overhaul a high-speed diesel engine on a Pritchard Gordon Tanker.Engineers undertook the 51,000 running hour service on the No.2 generator onboard the 127m length Henrietta PG in Trinidad as part of a planned refurbishment and maintenance program. The Henrietta PG is one of 10 purpose built shallow draft, double hull tankers from 6,200 dwt to 10,600 dwt in the Pritchard Gordon Tankers’ fleet. The company specializes in the transportation of crude oil…

28 Jan 2020

Vessel Grounds in the River Danube

© Picsa / Adobe Stock

Shipping on the river Danube was blocked in northern Bulgaria on Tuesday after a Ukrainian vessel ran aground because of low water levels, the Bulgarian maritime agency said.Efforts were being made to remove the Ukrainian ship as 15 other vessels were being held up because of the incident, near the town of Belene, an agency official said. No information was available on what cargoes those vessels were carrying.Bulgarian authorities said the Ukrainian vessel's captain would be fined for not complying with a 22-decimetre depth restriction.

15 Jan 2020

Pyxis Tankers Sells MR2 Ship Pyxis Delta

Greek pure play product tanker company announced that it has completed the sale of the Pyxis Delta, a 2006-built 46,616 dwt product tanker.The maritime transportation holding company said in a press note that the sale proceeds will be used to repay outstanding indebtedness secured by the vessel and for general corporate purposes.Valentios Valentis, our Chairman and CEO said: “This transaction furthers our operating strategy to focus on modern eco-MR tankers and reflects a more efficient allocation of capital resources to improve our financial condition. We are well-positioned to generate significant cash flows from an improving market…

30 Dec 2019

OSG Acquires Alaska Tanker

Overseas Shipholding Group, the tanker company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets, has entered into agreements with BP Oil Shipping Company USA and BP AMI Leasing to purchase the crude oil carrier vessels operated by Alaska Tanker Company (ATC).OSG currently owns a 37.5% interest in ATC. As part of the above transaction, OSG will acquire the remaining 62.5% interest of ATC that it does not own.According to the publicly traded tanker company, the agreements provide for deposits equal to 20% of the purchase price to be paid upon their execution, with the balance of the consideration to be paid at closing.Closing of the purchases is subject to various conditions…

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