Maritime

Shale energy: It’s the high sign for breakbulk shipping - by Karen Thuermer

The United States is undergoing an unprecedented oil and gas revolution. In fact, this boom is creating a situation where the United States offers logistics and transportation advantages that are fueling what is fast becoming a manufacturing renaissance.

Bahri signed an agreement to build 5 crude carriers with Hyundai Samho Heavy Industries Co. Ltd.

AJOT | May 28, 2015 | Energy | Maritime | Liner Shipping

The National Shipping Company of Saudi Arabia (Bahri) signed with Hyundai Samho Heavy Industries (HSHI) today, May 21, 2015, an agreement to build 5 VLCCs plus 5 more optional VLCCs. Read More »

Indonesia’s Pertamina signs MoU for Kalibaru fuel storage terminal

Reuters | May 28, 2015 | Energy | Maritime

Indonesia’s Pertamina signed a memorandum of understanding (MoU) with state port firm Pelindo II and shipping firm ASDP to build a fuel import terminal in Kalibaru, State Owned Enterprise Minister Rini Soemarno said on Thursday. Read More »

Brazil petroleum group suggests changes to national-content rules

Reuters | May 27, 2015 | Energy | Maritime | International Trade

Brazil’s national oil-industry association, IBP, released a list of suggestions for regulatory changes on Monday that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delays and a graft scandal at state-run oil company Petrobras. Read More »

California oil spill takes toll on marine mammals, birds

Reuters | May 26, 2015 | Energy | Maritime

More than two dozen marine mammals and nearly 40 birds, most of them pelicans, have been collected dead and alive from along California’s oil-fouled coastline near Santa Barbara in the week since a petroleum pipeline ruptured there, wildlife officials said on Tuesday. Read More »

Activists damage habitat in Seattle bay during Shell oil protests

Reuters | May 22, 2015 | Energy | Maritime | Liner Shipping

Environmental activists who fanned out in small boats across a Seattle bay over the weekend in a protest over Royal Dutch Shell ‘s plans for Arctic oil exploration in the have damaged “precious habitat” on the sea floor, a state official said on Friday. Read More »

U.S. oil platform on fire in Gulf Of Mexico; no injuries

Reuters | May 22, 2015 | Energy | Maritime

An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Read More »

Tanker attacked by Iranian craft collided with Iran oil platform in March

Reuters | May 15, 2015 | Energy | Maritime | Liner Shipping

A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts have since been made to resolve the issue, the owner said on Friday. Read More »

Petrobras to use Edison Chouest offshore base at Brazil’s Açu port

Reuters | May 13, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

Brazil’s state-run oil company Petrobras will use offshore docks operated by U.S. ship-leasing company Edison Chouest to handle oil-service vessels at the Brazilian Port of Açu, the head of the company that owns the port said on Wednesday. Read More »

Asian jet fuel shipments to US West Coast to pick up in May

Reuters | May 13, 2015 | Energy | Maritime

Asian jet fuel shipments to the United States West Coast region could pick up this month as a prolonged cut in throughput at a California refinery is drawing down inventories, traders said on Wednesday. Read More »

Seattle activist tries to block Shell’s fuel-transfer station

Reuters | May 13, 2015 | Energy | Maritime

An activist perched herself on a 15-foot tripod to try to block the entrance of a Royal Dutch Shell fuel-transfer station on Tuesday, in a harbinger of expected protests over the company’s plan to store Arctic drilling rigs in Seattle. Read More »

Group Management changes further sharpen GAC’s business focus

AJOT | May 04, 2015 | Energy | Maritime | Transport Intermediaries

Global shipping, logistics and marine services company, GAC, is further strengthening its strategic focus on the worldwide energy sector with the appointment of William Hill as its Executive Group Vice President – Oil & Gas. Read More »

Cyclone threat closes Australian port used by Chevron for LNG exports

Reuters | May 01, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

An Australian port used by Chevron for liquefied natural gas exports has been forced to close by a cyclone off the country’s west coast. Read More »

Vopak staff to strike at Vlissingen

Reuters | April 15, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

Staff at Vopak will strike for at least two hours on Wednesday at the oil and gas storage company’s terminal at the Dutch port of Vlissingen, a union official told Reuters. Read More »

Asia Tankers-VLCC rates face uncertain direction as owners, charterers battle over cargo

Reuters | April 10, 2015 | Energy | Maritime

Rates for very large crude carriers (VLCCs) on key Asian routes face an uncertain week as owners seek to push for higher rates, while charterers could cap fixture activity to cool the recent spike in prices, brokers said. Read More »

Refineries revolution to spur use of oil products supertankers

Reuters | April 09, 2015 | Energy | Maritime | International Trade

The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable. Read More »

TransCanada looking at oil port sites outside Quebec

Reuters | April 08, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

TransCanada Corp will widen its search for sites for an oil-pipeline export terminal outside Quebec after scrapping plans to build one in the province due to environmental concerns, the company’s chief executive said on Wednesday. Read More »

VLCC rates to stay flat as owners, charterers fight to give market direction

Reuters | March 29, 2015 | Energy | Maritime

ASIA-FREIGHT/:Asia Tankers-VLCC rates to stay flat as owners, charterers fight to give market direction Read More »

Asia Tankers-Ample tonnage, few cargoes weigh on VLCC rates

Reuters | March 20, 2015 | Energy | Maritime | Liner Shipping

Rates for very large crude carriers (VLCCs) on key Asian routes will face further pressure next week even as owners resist attempts to push rates lower, brokers said. Read More »

Venezuela aims to reduce $46 mln award in Tidewater ship case

Reuters | March 19, 2015 | Energy | Maritime

Venezuela will seek to reduce a $46 million compensation claim it has been ordered to pay to oil service company Tidewater in a case stemming from the 2009 seizure of vessels, its oil minister said in an interview published on Thursday. Read More »

Brazil’s OSX says received trustee notification on unpaid debt

Reuters | March 18, 2015 | Energy | Maritime

Brazil’s bankrupt ship-leasing company OSX Brasil SA said on Wednesday it had been notified by Nordic Trustee that its subsidiary OSX 3 had failed to pay a debt of $560.1 million on time. Read More »