Richard Pullin News

The second-largest U.S. liquefied natural gas export plant, idled for five months by a fire, must receive full approvals before a planned November restart can begin, regulator Pipeline Hazardous Materials and Safety Administration (PHMSA) said on Wednesday.Full approval adds to the hurdles for restarting Freeport LNG, one of the earliest and biggest U.S. export facilities. The closely-held company aims to restore more than 85% of pre-fire processing capacity next month and complete…

A bulk carrier that collided with an LNG tanker off Gibraltar started leaking fuel oil, authorities in the British overseas territory on the southern tip of the Iberian peninsula said on Wednesday.The collision on Tuesday forced the closure of the Gibraltar port for four hours. It was later fully reopened.The hull of the bulk carrier OS 35 broke, authorities said, but the vessel has not separated into two parts."There has been a substance leak from the vessel as a result of the movement arising from its break.

East Timor is confident the Australian government will support plans for gas from the massive Greater Sunrise offshore field to be processed in Timor rather than Darwin, the country's petroleum authority head said on Thursday.Greater Sunrise lies in waters between East Timor and Australia and holds an estimated 7.3 trillion cubic feet of gas which the Timorese urgently want to develop as the impoverished nation's main revenue source, the Bayu Undan oil and gas field, is set to…

Protesting truckers stopped traffic on Wednesday at a Northern California port, one of the busiest in the United States, as they demonstrated against a new state labor law that makes it harder for independent truckers to operate.Drivers picketed gates and blocked other truckers from hauling cargo in and out of the port. The protests in Oakland began on Monday and have grown larger and more disruptive with each passing day.Late on Wednesday, Port of Oakland Executive Director Danny…

China launched its third aircraft carrier on Friday, the Fujian, named after the province opposite self-ruled Taiwan, sending a statement of intent to rivals as it modernizes its military.President Xi Jinping has made overhauling the world's largest armed forces a central part of his agenda, seeking to project power well beyond China's shores, though the government says it has no hostile intent.Champagne, colorful ribbons, water cannons and smoke were deployed to celebrate the carrier's launch and official naming at a ceremony at the Jiangnan shipyard in Shanghai…

President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week. Biden said he had "promised to crack down on ocean carriers whose price hikes have hurt American families."The new law boosts the investigatory authority of the Federal Maritime Commission (FMC), the U.S. agency that oversees ocean shipping…

Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs.The COVID-19 outbreak has lengthened ship delivery times since 2020, pushing up freight costs, while the Russia-Ukraine conflict and lockdowns in Shanghai have added to supply chain disruptions this year."We believe the current congestions, not only the ports but also the landside infrastructure…

The U.S. House of Representatives approved legislation Monday to improve oversight of ocean shipping, which supporters say will help curb inflation and ease export backlogs. The bill was approved 369-42 and will head to the White House for President Joe Biden's signature. Biden said in a statement he looked forward to signing it into law.The bill would boost the investigatory authority of the Federal Maritime Commission (FMC), the U.S. agency that oversees ocean shipping, and…

A Greek court on Wednesday overturned an earlier court ruling that allowed the confiscation by the United States of part of a cargo of Iranian oil on an Iranian-flagged tanker off the Greek coast, three sources familiar with the matter said.The incident had led to an angry response by Iran, with Iranian forces last month seizing two Greek tankers in the Gulf after Tehran warned it would take "punitive action" against Athens.Iran had also appealed the original court decision, one legal source said, declining to be named."The action for the reversal of the ruling was accepted by the court," the source said. "It will be hard to overrule that (the appeal court's ruling)."It was not immediately clear if the U.S.

Woodside Energy Group, Australia's top independent natural gas producer, sees liquefied natural gas (LNG) prices staying high for a few years as the market adjusts to supply disruptions after sanctions on Russia for its Ukraine invasion."With the invasion, we are seeing the world try to move away from Russian hydrocarbons and that means that demand for LNG from places like Australia is up," Woodside Chief Executive Meg O'Neill said."We do expect ... prices to remain elevated for the next year…

Contracts between China's top state-owned shipbuilding firm and Taiwan's leading shipping company are likely lowering the costs of upgrading China's navy, posing security concerns for the island claimed by Beijing, a U.S. think tank said on Thursday.China State Shipbuilding Corp (CSSC) is a key producer of vessels for China's rapidly expanding People's Liberation Army Navy (PLAN), and is thought to be building its third aircraft carrier.Taiwan's Evergreen Marine Corp has purchased 44 vessels from China since 2018…

The Biden administration said on Wednesday it had authorized additional exports of liquefied natural gas from two major facilities on the U.S. Gulf Coast, in a move that could help Europe deal with an energy crunch worsened by Russia's invasion of Ukraine.The Department of Energy (DOE) issued approvals allowing major supplier Cheniere Energy to export the equivalent of 0.72 billion cubic feet per day (bcfpd) of the supercooled fuel from its Sabine Pass, Louisiana and Corpus Christi…

The largest-ever U.S. sale of offshore wind development rights - for areas off the coasts of New York and New Jersey - attracted a record $1.5 billion in bids on Wednesday, supporting President Joe Biden's plan to create a new domestic industry.The auction, which will continue on Thursday, is the first offshore wind lease sale under Biden, who has made expansion of offshore wind a cornerstone of his plans to tackle global warming and decarbonize the U.S. electricity grid by 2035…

Canadian rescue officials on Wednesday suspended the search for 11 missing crew members from a Spanish trawler that sank the previous day in rough seas off the coast of Newfoundland, killing at least 10 people.Three surviving sailors from the trawler, suffering from severe hypothermia, were plucked from a life raft early on Tuesday. It was not immediately clear what sank the trawler Villa de Pitanxo.Bad weather complicated the search efforts, which went on for some 36 hours and involved a plane, two helicopters, rescue ships and one Spanish and two Portuguese trawlers.At 4 p.m.

Life-saving water supplies from a New Zealand navy ship were distributed across Tonga's main island on Friday, as other countries battled the logistics of delivering aid to one of the world's remotest communities.Six days after the South Pacific archipelago was devastated by a volcanic eruption and tsunami that deposited a blanket of ash and polluted its water sources, the HMNZS Aotearoa docked in the capital, Nuku’alofa.The ship carried 250,000 liters of water and desalination equipment able to produce 70,000 litres more per day, New Zealand's High Commission said."Trucks ...

Indonesia said on Thursday it would allow 37 vessels loaded with coal to depart, in the strongest sign yet that the world's biggest thermal coal exporter is relaxing its ban on shipments.A senior cabinet minister said in a statement the ban implemented on Jan. 1 had been eased for miners that have met a requirement to sell a portion of their output for local power generation, after the state utility procured enough coal to ensure 15 days of operation."I request that this is supervised closely so this also becomes a moment for us to improve domestic governance…

The U.S. labor secretary on Tuesday met with unions and employers at the nation's busiest port complex in Southern California as anxiety builds ahead of next year's contract negotiations covering roughly 22,000 West Coast dockworkers.The contract expires in July, and the stakes are particularly high at the Los Angeles/Long Beach port complex that handles some 40% of U.S. imports. Docks at the side-by-side ports are crowded with cargo boxes and more than four dozen container ships…

Tanker rates to ship liquefied natural gas (LNG) have more than doubled since the start of the month as a power crisis in Asia and Europe drives up demand for vessels, industry sources said on Tuesday.The daily charter rate for a tri-fuel diesel-electric (TFDE) vessel that can carry 160,000 cubic meters of LNG to Pacific basin ports rose to $202,500 a day on Tuesday, the highest since Jan. 15, according to data from Spark Commodities.For the same type of ship moving in the Atlantic basin…

A group of 10 naval vessels from China and Russia sailed through a strait separating Japan's main island and its northern island of Hokkaido on Monday, the Japanese government said, adding that it is closely watching such activities.It was the first time Japan has confirmed the passage of Chinese and Russian naval vessels sailing together through the Tsugaru Strait, which separates the Sea of Japan from the Pacific.While the strait is regarded as international waters, Japan's ties with China have long been plagued by conflicting claims over a group of tiny East China Sea islets.

Offshore energy companies have started searching for new bases away from Louisiana's devastated ports as oil and gas companies launch efforts to resume their Gulf of Mexico operations.Port Fourchon, a key hub for the offshore industry, was slammed by Ida on Sunday when it made landfall with winds over 150 miles per hour (240 kph). Supply boat, fuel and air ferry services were still unable to access facilities there on Wednesday due to extensive storm damage.Dozens of oil and gas companies operate in the U.S.

Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region's offshore wells and nearly half its motor fuel production and drove prices broadly higher.The storm crashed on Sunday into the Louisiana coast, tearing through U.S. offshore oil and gas fields with 150 mile per hour (241 kph) winds and pushing up to 12 feet (3.7 meters) of water ashore. More than 620,000 homes and businesses in Louisiana were without power.Production losses - including at six Gulf Coast refineries - will lift retail gasoline prices by 5 to 10 cents a gallon, said tracking firm GasBuddy.

Meishan terminal at China's Ningbo port resumed operations on Wednesday after shutting down for two weeks due to a COVID-19 case, a port official said at a press briefing.The closure of the terminal has caused logjams at ports across China's coastal regions and further strained global supply chains amid a resurgence of consumer spending and a shortage of container vessels.Meishan terminal accounts for about a fifth of traffic at the Ningbo port, one of China's top two container…

The United States is confident Iran attacked an Israeli-managed tanker last week, killing two, the top U.S. diplomat said on Monday, predicting a "collective response" but saying he did not think the incident necessarily signaled anything about Iran's incoming President Ebrahim Raisi."We have seen a series of actions taken by Iran over many months, including against shipping. So I am not sure that this particular action is anything new or augurs anything one way or another for the new government," Secretary of State Antony Blinken told reporters.