Port Of Corpus Christi News

29 Mar 2019

Port of Corpus Christi Readies VLCC Terminal

Pic: Port of Corpus Christi

The fourth-largest port in the United States in total tonnage, Port of Corpus Christi has leased land where it hopes to build the nation's first export terminal to load very large crude carriers (VLCC).The Port of Corpus Christi Commission approved today a long-term (50-year) lease agreement with Lone Star Ports, a joint venture between the Carlyle Group and the Berry Group, for approximately 200 acres on Harbor Island to develop a state-of-the-art petroleum export terminal.Featuring the latest in safety, security and environmental technologies, the facility will connect U.S.

10 Jan 2019

US Oil Export Boom Sparks Battle to Build Texas Ports

© Robert Coy / Adobe Stock

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…

04 Jan 2019

Great Lakes Bags Corpus Christi VLCC Channel Deal

Image: Port of Corpus Christi

Great Lakes Dredge & Dock Corporation announced the receipt of a $93 million contract award for the Corpus Christi Ship Channel Improvement Project.Dredging to deepen the entrance channel will commence during the second quarter of 2019 with completion expected in early 2020 said Great Lakes, the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services.It said that the overall ship channel deepening effort will be comprised of multiple phases, expected to be competitively bid and worked over the next five years.

29 Oct 2018

Corpus Christi Port to Build Oil Export Terminal

Photo: Port of Corpus Christi

Port to build oil export terminalPrivate equity firm Carlyle Group will partner with the Port of Corpus Christi, the top oil export hub in the United States, to develop a major crude oil export terminal on Harbor Island.Carlyle's announcement comes as infrastructure in the U.S. oil industry struggles to keep up with record levels of production, driven by the Permian shale patch in West Texas. Both international buyers and American producers are waiting for export capacity to increase.Corpus Christi has its own plan to expand operations to handle larger export tankers.

21 Oct 2018

POTAC Signs Dock Usage Pact with Port of Corpus Christi

Pic: Port Corpus Christi

POTAC (Pin Oak) announced the execution of a ten year exclusive use agreement for Suezmax vessels at Public Oil Dock 14 with the Port of Corpus Christi, including extension options, exercisable by the Company, which could extend the agreement for up to an additional ten years.In addition to Suezmax vessels, Pin Oak will be able to efficiently load / unload Aframax, Panamax, and other smaller vessels and barges. This agreement follows the commencement of construction on Pin Oak's nine pipelines crossing under the Corpus Christi Ship Channel…

07 Aug 2018

Trafigura to Build U.S. Deep-Water Oil Port

Image: Trafigura

Swiss commodities trader Trafigura has applied to build a deep-water port in Corpus Christi, Texas, on the Gulf of Mexico, which will be able to load supertankers, reports FT.The report said that the plan would see the commodity house build an offshore deepwater port facility  with a view to accommodate very large crude carriers (VLCC) capable of carrying more than 2m barrels of crude. It requires approval from the US Department of Transportation’s maritime division.According to a Reuters report…

29 Jul 2018

Port of Corpus Christi Raises USD 216mln for Ship Channel Expansion

Photo: Port of Corpus Christi

Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds. These bonds will be used for both the deepening and widening of the Corpus Christi Ship Channel as well as upcoming capital projects within the Port.Wells Fargo Securities acted as Lead Manager of a syndicate of underwriters including JP Morgan, Citigroup, and Frost Bank.“We are pleased with the level of interest the institutional investment community demonstrated for both series of our bonds.” said Sean Strawbridge, CEO of the Port of Corpus Christi.

20 Jun 2018

Oil Traders Ready for Musical Chairs as China Tariffs Loom

© Haris / Adobe Stock

Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude.China, which has bought an average 330,000 barrels per day (bpd) of U.S. crude oil this year, is threatening to place a 25 percent tariff on various U.S. commodity exports, including crude oil, although it is so far unclear when such a measure would come in place.The decision came in response to U.S. President Donald…

15 Jun 2018

Corpus Christi Gearing Up to Handle US Shale Export Boom

(File photo: Port Corpus Christi)

Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.International buyers would like more U.S. crude but are unable to get it because of infrastructure constraints along the U.S. Gulf Coast. Terminals originally designed for imports only recently have revamped operations to handle exports including accepting…

01 May 2018

Buckeye Partners JV Announces Marine Terminal in Texas

Photo: Buckeye Partners, L.P

Buckeye Partners announced the formation of a joint venture with Phillips 66 Partners and Andeavor to develop a new deep-water, open access marine terminal in Ingleside, Texas. The South Texas Gateway Terminal will be constructed on a 212 acre waterfront parcel at the mouth of Corpus Christi Bay. The facility is positioned to serve as the primary outlet for crude oil and condensate volumes delivered off of the planned Gray Oak pipeline from the Permian Basin. The terminal, to be constructed and operated by Buckeye…

05 Mar 2018

Shale Growth could Overwhelm U.S. Refiners, Fuel Exports

File Image (CREDIT: AdobeStock / (c) Leeylutung)

Rising U.S. shale oil production will overwhelm the nation's refining capacity, with three-quarters of the additional oil produced in the United States by 2023 shipped to Europe and Asia, according to a new study by consultancy Wood Mackenzie. The research points to the continued impact of U.S. shale on global markets and the mismatch between domestic refining capacity and rising crude output. The oil could bottleneck at U.S. Gulf Coast ports unless new infrastructure is built, researchers said. U.S.

30 Oct 2017

U.S. Oil Exports Boom, Pushing Infrastructure to Limits

File Image (CREDIT: AdobeStock / (c) Carabay)

Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. U.S. crude exports have boomed since the decades-old ban was lifted less than two years ago, with shipments recently hitting a record of 2 million barrels a day. But shippers and traders fear the rising trend is not sustainable, and if limits are hit, it could pressure the price of U.S. oil. How much crude the United States can export is a mystery.

10 Oct 2017

Corpus Christi: Energy Port of the Americas

(Image Courtesy Port of Corpus Christi)

The Port of Corpus Christi lives up to its moniker ‘Energy Port of the Americas,’ as the movement of energy in and out dominates the port’s history and future. John P. LaRue, Executive Director, Port Corpus Christi recently visited Maritime Reporter’s headquarters in New York to discuss the nearly $50 billion in investment projects driving the port forward. “Let’s just start with what we are and what we are not,” said LaRue. “We are not a container port. Up until a few years ago we were an oil import port (serving) three refineries: Citgo, Valero and Flint Hills Resources.

01 Sep 2017

Corpus Christi Ship Channel Reopened

The Corpus Christi Ship Channel is open to restricted operations following a record six-day closure caused by Hurricane Harvey. Harvey has left many Gulf Coast petroleum refining centers either completely shut down or with operations significantly scaled back. An estimated 25 percent of the region’s refining capacity is operational, positioning Corpus Christi as the largest refining center on the Texas Coast that is fully operational. The ship channel’s restricted opening, authorized by the U.S. Coast Guard Captain of the Port, will allow the seven local refineries to startup operations in an effort to serve the already short transportation fuels markets in the region and the nation.

28 Aug 2017

Port of Corpus Starts Recovery after Hurricane Harvey

File photo: Port of Corpus Christi

The Port of Corpus Christi has begun its recovery efforts after initial assessments show light to moderate damage and debris from the impact of Harvey, which hit the major port as a Category 4 hurricane, the port director said on Sunday.   "We are completing our initial assessments and are working with the Army Corps of Engineers to start a channel survey as early as tomorrow and expect a successful recovery effort," said John LaRue, the port's executive director. (Reporting by Ruthy Munoz; Editing by Sandra Maler)

20 Jan 2016

Emco Wheaton Plays Key Role in First US Crude Oil Shipment

Photo: Emco Wheaton

Emco Wheaton has played a pivotal role in the transfer of the first shipment of U.S. crude oil for export in 40 years, after the Theo T tanker set sail from the Port of Corpus Christi bound for Europe. The Greek oil tanker was loaded on New Year’s Eve by NuStar Energy LP at its North Beach Terminal at Port Corpus Christi in Texas using three Emco Wheaton Marine Loading Arms. To cost effectively and safely supply crude oil to the global market, Nustar Energy LP made significant investments in its Corpus Christi terminal operations in 2014 with the purchase of new equipment.

03 Nov 2015

Greek Shipper Pleads Guilty to Dumping off Texas

A ship management company has pleaded guilty and was sentenced October 27, 2015 for deliberately concealing pollution discharges from the ship directly into the sea and for falsifying its oil record book, announced U.S. Attorney Kenneth Magidson along with Rear Admiral David R. Callahan, Eighth District Coast Guard Commander. Chandris (Hellas) Inc. is headquartered in Greece and operated the M/V Sestrea - an 81,502 ton cargo ship that made calls in multiple ports in Texas. Chandris pleaded guilty to a violation of the Act to Prevent Pollution from Ships for failing to properly maintain an oil record book as required by federal and international law, as well as a violation of making a false statement for making a false entry in the ship’s oil record book. Shortly following the plea, U.S.

11 Apr 2015

Enhanced Efficiency, Capacity at Corpus Christi Port

Image

U.S. Department of Transportation Maritime Administrator Paul ‘Chip’ Jaenichen today joined Federal, State and local officials at the Port of Corpus Christi for a ribbon cutting ceremony marking a major step forward in the development of an expanded rail yard. A 2012 $10 million Transportation Investment Generating Economic Recovery (TIGER) grant provided the foundation needed for the $17 million project. “This project alleviates a crippling bottleneck in one of our nation’s key export zones,” said U.S. Transportation Secretary Anthony Foxx.

15 Jan 2015

Port Corpus Christi MD Retires

Port Corpus Christi.  Managing Director, Frank Brogan,

The Port of Corpus Christi Authority announces the upcoming retirement of Frank Brogan, Managing Director. Mr. Brogan will retire on February 2, 2015. He has been actively involved with the Port for over 40 years. "Frank Brogan has been the grand architect of all the port's significant projects of the last 3 decades! His energy, patience, resourcefulness and incredible talent transformed this port and positioned the region to attract over $32 billion of investment. His stunning accomplishments are balanced by his personal humility - diverting all credit to his staff and others.

16 Oct 2014

US, ATP-IP Reach Settlement over Unauthorized Oil Discharges

Under a settlement agreement with the United States, ATP Infrastructure Partners, LP (ATP-IP) will pay a $1 million civil penalty and perform corrective measures to resolve claims by the U.S. under the Clean Water Act and the Outer Continental Shelf Lands Act (OCSLA) of unauthorized discharges of oil and chemicals from an oil platform into the Gulf of Mexico, announced the U.S. Environmental Protection Agency (EPA), the Department of Justice, and the Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE). This is the first joint judicial enforcement action involving EPA and BSEE claims in response to alleged violations of both the Clean Water Act and OCSLA. The United States’ complaint, which was filed in February 2013, in the U.S.

18 Jul 2014

Port of Long Beach Uses Education to Boost its Competitiveness

Photo: Port of Long Beach

The Port of Long Beach said it has not lost sight of the significance of professional development in supporting the Port‘s decade-long, $4 billion investment in upgrades and efficiency improvements. The port’s commitment to boosting its competitiveness in the long term extends beyond rebuilding and replacing outdated facilities and infrastructure, to ensuring its human resources are prepared to help build the port of the future. “Having a full understanding of all the operations…

14 Feb 2014

New Corpus Christi Oil Loading Dock Sees First Tankship

Tankship: Photo courtesy David Hawgood

NuStar Energy says it has completed construction of a private marine loading dock at its North Beach Terminal in Corpus Christi, Texas, and has its first ship at the dock to be loaded with crude oil. Originally scheduled to be completed in the second quarter of this year, NuStar expedited the project in order to meet strong customer interest in using the dock to transport shipments of Eagle Ford crude oil by water. The new dock project includes a series of 30-inch and 12-inch pipelines that move the crude oil from incoming pipelines or tanks within the terminal to the new dock…

15 Jan 2014

Spill Forces Channel Closure at Corpus Christi

The Harbor Master's office at the port of Corpus Christi stopped ship traffic at approximately 8:30 a.m. today, January 15, due to a spill at the Bulk Material Dock No.2. The dock is located east of Valero Tule Lake. There is no report yet as to when the channel will reopen

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