From Maritime Executive The Panama Canal has added an additional reservation slot to its Neopanamax locks, bringing the total available booking slots to eight daily. Demand has grown since the inauguration of the Expanded Canal nearly two years ago. So far, in fiscal year 2018 which began on October 1, 2017, the Expanded Canal has transited 1,183 Neopanamax vessels including
From Bloomberg Crude oil shipment would be biggest ever from the port Offshore terminal LOOP recently began exporting cargoes A 2 million barrel-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to export. The Nave Quasar, a Very Large Crude Carrier, signaled from the jetty at the Gulf
From Dredging Today Project is needed to continue export takeaway growth for U.S. energy The Port of Corpus Christi’s Ship Channel Improvement Project (CIP) received additional support from bipartisan members of the Texas Congressional Delegation in a recent letter sent to the U.S. Army Corps of Engineers, urging that more funds be designated to it this year. As noted in the letter,
Enterprise Expands Marine Terminal on the Houston Ship Channel
U.S. crude oil exports grew to an average of 1.1 MMBOPD in 2017, the EIA said, which is the second full year since restrictions on crude oil exports were removed. Crude oil exports in 2017 were nearly double the level of exports in 2016. Increased U.S. crude oil exports were supported by increasing U.S. crude oil production and expanded infrastructure, the
China adds oil growth to its number two rank in global LNG imports BY Maritime Executive U.S. crude oil exports in 2017 were nearly double those of 2016, and China accounted for 202,000 b/d (20 percent) of the 527,000 b/d total increase. As a result, China surpassed the U.K. and the Netherlands to become the second-largest importing destination. However, similar to previous
Exports are particularly important to economic growth because they pump new money into regional, state and national economies, instead of just recirculating it through retail and other service industries From the Houston Chronicle CORPUS CHRISTI – Along the waterways of this South Texas city, tall cranes lean over half-built oil storage tanks, construction crews work to complete export terminals and
From CNBC Shell Oil is reportedly loading a supertanker in Louisiana, the first of its kind to leave that port with U.S. crude exports. The shipment via the Saudi Arabian-owned supertanker, capable of carrying 2 million barrels, signals the next phase in the U.S. transition to becoming a major energy exporter. The first oil supertanker, capable of carrying 2 million
From Hellenic Shipping News The single biggest stumbling block which is hindering the crude tanker market’s recovery and is bound to continue doing so, is the excess supply of ships, a trend which isn’t going away anytime soon. In its latest weekly report, shipbroker Intermodal said that “crude oil supply has been reported to have grown by approx. 2.5% reaching 40.1m
Information from the Canadian National Energy Board shows Canadian crude oil exports increased 16 MBOPD Canadian crude oil exports are up 16 MBOPD in the first seven months of the year compared to the same time period in 2015, according to information released by Canada’s National Energy Board. Total export volumes reached 3,018 MBOPD in the through July of 2016,
Some analysts say U.S. refiners won’t be hurt by exports Don’t count Warren Buffett as a participant in the energy market selloff – the legendary investor has purchased nearly $5 billion of Phillips 66 (ticker: PSX) stock since August 2015. Berkshire Hathaway (ticker: BRK), a multinational holding company chaired by Buffett, now owns 13% of the refiner and has a
An OAG360® Exclusive: Interview with EIA Administrator Adam Sieminski Listen to the interview The United States Energy Information Administration (EIA) is the principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing and disseminating energy information to promote sound policymaking and market efficiency on a national level. The EIA conducts a comprehensive data collection program that covers the full spectrum
