Marine Shipping

Source: Houston Chronicle

The oil glut is filling up the world’s supertankers fast

Houston Chronicle


The world’s oil tankers are being filled with crude at a record pace as the options to store a glut on land rapidly diminish, one of the industry’s largest owners said.

A combination of surging production from key …

Exclusive 360 Energy Expert Network Video Interview: The Port of Corpus Christi seen trouble before, and is open for business.

Exclusive 360 Energy Expert Network Video Interview: The Port of Corpus Christi seen trouble before, and is open for business.

The Port of Corpus Christi in the western Gulf of Mexico is one of key components in the life blood for imports and exports in the United States. They the 2nd in tonnage,  and the largest port in revenue in

Port of Corpus Christi continues to maintain uninterrupted business operations

Port of Corpus Christi continues to maintain uninterrupted business operations

Port of Corpus Christi


Corpus Christi, TX, USA – The Port of Corpus Christi continues to maintain uninterrupted business operations as it works in close cooperation with federal, state and local governments as well as industry in the implementation of …

Source: Houston Chronicle

Shale drillers float Jones Act waiver as balm for price pain

Houston Chronicle


U.S. oil companies battered by the crude price war between Saudi Arabia and Russia are encouraging the Trump administration to waive a law that mandates only American vessels can be used to transport goods among U.S. ports.

A …

Source: Reuters

Booking frenzy sends tanker rates soaring as OPEC opens oil taps

Reuters


SINGAPORE  – The cost to transport oil on supertankers soared on Thursday as major producers scrambled to secure vessels to ship more crude in a bid to regain market share and buyers took advantage of plunging oil prices.

Freight …

March 12, 2020 - 3:00 pm Crude Oil News, Energy News, Marine Shipping
Source: Reuters

Shell eyes tankers for oil floating storage after price collapse

Reuters


LONDON – Royal Dutch Shell is in talks to charter at least three supertankers to store crude oil at sea as traders brace for a sharp rise in global stocks after OPEC and its allies abandoned a production cut …

Source: Houston Chronicle

U.S. firm invests $100 million into VLCC-ready oil export terminal

Houston Chronicle


Connecticut private firm Prostar Capital plans to invest $100 million into a recently acquired terminal in the Caribbean that will be able to receive some of the largest oil tankers in the world.

Prostar bought the facility on …

Port Arthur LNG  -Southeast Texas. port more than 12 million tonnes of LNG per year.
Photo: Courtesy Photo / Port Arthur LNG LLC

Port Arthur LNG and Bechtel sign EPC agreement

LNG Industry


Sempra Energy and Bechtel have announced that their respective subsidiaries, Port Arthur LNG, LLC and Bechtel Oil, Gas, and Chemicals, Inc., have signed a fixed-price engineering, procurement and construction (EPC) contract for the Port Arthur LNG liquefaction project
Source: Reuters

Trafigura forms venture with Phillips 66 for deepwater Texas oil port

Reuters


LONDON – Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 (PSX.N) to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing …

February 28, 2020 - 2:30 pm Closing Bell Story‎, Energy News, Marine Shipping
S. Korea’s thirst for U.S. crude to keep growing in 2020

S. Korea’s thirst for U.S. crude to keep growing in 2020

Reuters


Oil & Gas 360 Publishers Note: “Light sweet crude contains more naphtha, used in petrochemicals, and also has a lower sulphur content, making it suitable for very low sulphur fuel oil, which has been mandated for shipping since the

Höegh LNG Partners LP – Invitation to Presentation of Fourth Quarter 2019 Results

Höegh LNG Partners LP – Invitation to Presentation of Fourth Quarter 2019 Results

Höegh LNG Partners LP’s (NYSE: HMLP) fourth quarter 2019 results will be released on Thursday, February 27, 2020, before the market opens

February 20, 2020 - 4:15 pm LNG, Marine Shipping, Press Releases
Port of Corpus Christi Awarded $17M Federal Grant for First Phase of Avery Point Terminal Redevelopment

Port of Corpus Christi Awarded $17M Federal Grant for First Phase of Avery Point Terminal Redevelopment

Port of Corpus Christi


Corpus Christi, TX, USA  The Port of Corpus Christi has received a federal grant of more than $17 million from the U.S. Department of Transportation – Maritime Administration to expand Oil Dock 3 as the …

Duke Energy, the nation's largest electric utility, unveils its new logo. (PRNewsFoto/Duke Energy) (PRNewsfoto/Duke Energy)

Duke Energy reports fourth-quarter and year-end 2019 financial results

Duke Energy reports fourth-quarter and year-end 2019 financial results

Nine miles of high-density polyethylene pipe cold water from the bottom of Lake Ontario, cooling buildings in downtown Toronto.

Brookfield Infrastructure Reports 2019 Year-End Results

Brookfield Infrastructure Reports 2019 Year-End Results

Geopolitical developments continue to drive maritime crude oil tanker rates

Geopolitical developments continue to drive maritime crude oil tanker rates

EIA


Following nearly 10 years of relative price stability, shipping rates for crude oil tankers have fluctuated widely since mid-2018 because of a combination of geopolitical events and changes to maritime fuel specifications. The U.S. Energy Information Administration (EIA) estimates …

Source: Reuters/Rodrigo Garrido

U.S. lifts Iran sanctions on one unit of Chinese shipping giant COSCO

Reuters


WASHINGTON – The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about …

Cheniere to Ring New York Stock Exchange Opening Bell in Celebration of 1,000th LNG Cargo Milestone

Cheniere to Ring New York Stock Exchange Opening Bell in Celebration of 1,000th LNG Cargo Milestone

Cheniere to Ring New York Stock Exchange Opening Bell in Celebration of 1,000th LNG Cargo Milestone

International Seaways signs refinancing deal

International Seaways signs refinancing deal

MarineLink



New York-headquartered product tanker company International Seaways has closed on senior secured credit facilities worth a total of USD 390 million. The crude oil and petroleum product tanker company said that the facilities consists of a 5-year USD 300 …

February 2, 2020 - 9:35 pm Crude Oil News, Finance, Marine Shipping
Source: International Maritime Organization

Shipping Lines Turn to LNG-Powered Vessels, But They’re Worse for the Climate

Inside Climate News



Oceangoing ships powered by liquified natural gas are worse for the climate than those powered by conventional fuel oil, a new report suggests. The findings call into further question the climate benefits of natural gas, a fuel …

Euronav announces fourth quarter 2019 results

Euronav announces fourth quarter 2019 results

Source: Houston Chronicle

Some LNG-powered ships are leaking powerful greenhouse gas

Houston Chronicle


One of the shipping industry’s great hopes for improving its environmental performance — engines powered by liquefied natural gas — won’t offer the benefits that many vessel owners are hoping for.

That’s the conclusion of a nonprofit that …

January 28, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Marine Shipping
South Korea sending troops to Strait of Hormuz

South Korea sending troops to Strait of Hormuz

South Korea sending troops to Strait of Hormuz

January 21, 2020 - 2:04 am Marine Shipping, OPEC, Politics & Opinions, Press Releases
International Maritime Industries Signs Two “New Build Rig Orders” With ARO Drilling

International Maritime Industries Signs Two “New Build Rig Orders” With ARO Drilling

International Maritime Industries Signs Two “New Build Rig Orders” With ARO Drilling

The EnQuest Producer is due to be taken to shore and recycled, despite hopes it would be in operation for up to 15 years after Alma-Galia first oil. Pic: Port of Hamburg

EnQuest submits North Sea decommissioning plan less than five years after first oil

EnergyVoice


EnQuest has submitted plans to decommission a North Sea development and its production vessel less than five years after achieving first oil.

The UK-listed operator started up the Alma-Galia fields in October 2015 as tie-backs to the EnQuest Producer …

Launching of Gas Agility in October 2019. Image Courtesy: Total

World’s largest LNG bunker vessel aces sea trials

World Maritime News


A giant LNG bunker vessel, which will be operated by French energy giant Total and owned by Japanese shipping company Mitsui O.S.K. Lines (MOL), has completed sea trials in China, according to an official from Bureau Veritas

January 11, 2020 - 9:45 am Closing Bell Story‎, LNG, Marine Shipping, Offshore

Enterprise and Navigator Load First Vessel at New Ethylene Export Terminal

Enterprise and Navigator Load First Vessel at New Ethylene Export Terminal

January 8, 2020 - 7:30 am Marine Shipping, Pipeline News, Press Releases

Bluewater Acquisition Corp. announces the appointment of Frederick Jones as Special Advisor to the Board of Directors

Bluewater Acquisition Corp. announces the appointment of Frederick Jones as Special Advisor to the Board of Directors

January 6, 2020 - 11:28 am Corporate Governance, Marine Shipping, Press Releases
Bolivia’s YPFB strikes transition deal with Petrobras to extend natural gas exports

Bolivia’s YPFB strikes transition deal with Petrobras to extend natural gas exports

Ellenic Shipping News


Bolivian state-owned oil firm YPFB said on Saturday it has reached a deal with Petroleo Brasileiro SA to extend natural gas exports through the Bolivia-Brazil Gas Pipeline commonly known as Gasbol.

Bolivia’s YPFB strikes transition deal with Petrobras to extend natural gas exports -oilandgas360The so-called transition deal comes after …

December 29, 2019 - 8:24 pm International, Marine Shipping, Natural Gas News
November 19, 2019 – Lurline, Lead Ship of Matson Kanaloa Class, on Sea Trials.

General Dynamics NASSCO delivers lead ship of Matson Kanaloa Class

NASSCO


SAN DIEGO –  General Dynamics NASSCO delivered Lurline, the lead ship of the two-vessel Kanaloa Class, built for Honolulu-based shipping and logistics company, Matson. Lurline is the largest combination containership/roll-on, roll-off (“ConRo”) vessel constructed in the United States.…

December 27, 2019 - 12:25 pm Closing Bell Story‎, LNG, Marine Shipping, Press Releases
Mitsubishi Shipbuilding signed a contract with MOL for the first LNG-Fueled Ferry Built in Japan

Mitsubishi Shipbuilding signed a contract with MOL for the first LNG-Fueled Ferry Built in Japan

JCN Newswire


– Two Vessels to Be Successively Completed and Delivered by 2023 –
– Applying technologies accumulated in LNG vessels to build LNG-fueled ferries
– Compared to conventional marine fuel oil, CO2 emissions per unit heat capacity are to …