Maritime

Philippines’ First Gen seeks partner for $1 billion LNG import terminal

Reuters | March 06, 2015 | Breakbulk & Projects | Projects | Energy | Maritime | Ports & Terminals | Terminals

The Philippines’ First Gen Corp is talking with potential partners for its proposed $1 billion LNG import terminal, the head of the energy firm said on Friday. Read More »

Conrad Orange Shipyard Receives Order for First Dedicated LNG Bunker Barge for Marine Market

PR Newswire | March 04, 2015 | Energy | Maritime | Liner Shipping

Conrad Industries, Inc. announced today that its subsidiary Conrad Orange Shipyard, Inc. has entered into a contract to construct the first LNG bunker barge to be built for the marine market in North America. The contract signing was hosted at the residence of the French Consulate General Sujiro Seam in Houston, TX. Read More »

BG Group sees its Australian project helping to double LNG supplies

Reuters | March 04, 2015 | Breakbulk & Projects | Projects | Energy | Maritime

A smooth start to operations at BG Group’s Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16, it said on Wednesday. Read More »

Oil storage at sea stalls as profit play fades

Reuters | March 03, 2015 | Energy | Maritime | International Trade

Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore’s said on Tuesday. Read More »

Norway’s Frontline benefits from oil supply glut

Reuters | February 26, 2015 | Energy | Maritime

Operating profit at Norwegian tanker firm Frontline beat forecasts and the company said it expected earnings to improve further this year, benefiting from an oil glut that has pushed down prices of the commodity. Read More »

Oil tankers idle for months off Delaware waters, puzzling some

Reuters | February 25, 2015 | Energy | Maritime

Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine shipment destined for a nearby Philadelphia refinery. Read More »

Enterprise says clients must pay for dock work as BP grumbles

Reuters | February 25, 2015 | Energy | Maritime

Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services, brushing off complaints from client BP Plc . Read More »

Tanker crew members freed after kidnapping off Nigeria

Reuters | February 25, 2015 | Energy | Maritime

Three crew members of a Maltese-flagged supertanker, who were kidnapped by pirates three weeks ago off Nigeria, have been released, Greece’s foreign ministry said on Wednesday. Read More »

Transportation group Ceo says cutting Highway Trust Fund shortsighted

AJOT | February 16, 2015 | Breakbulk & Projects | Energy | Maritime | Rail and Road

American Public Transportation Association (APTA) President and CEO Michael Melaniphy says eliminating public transit funding from the Highway Trust Fund would be shortsighted. Read More »

E.ON seals pipe and shipping deals to export LNG from U.S.

Reuters | February 12, 2015 | Energy | Maritime

German utility E.ON is expanding its global liquefied natural gas (LNG) business after signing tanker and pipeline deals allowing it to export from the United States, undeterred by weakening market conditions. Read More »

E.ON seals pipe, shipping deals to export LNG from U.S.

Reuters | February 12, 2015 | Energy | Maritime

German utility E.ON will be able to produce and export liquefied natural gas (LNG) from the United States for 20 years after signing deals on Thursday to charter tankers and receive feed gas. Read More »

Indian diesel cargoes head to Australia in rare move

Reuters | February 10, 2015 | Energy | Maritime | International Trade

Indian diesel cargoes are being shipped to Australia in a rare move as rising competition from new Middle East refineries has made it more difficult to land the fuel in India’s core traditional markets in Europe and Africa. Read More »

Suncor no longer shipping crude by rail to U.S. Gulf Coast

Reuters | February 05, 2015 | Energy | Maritime | Intermodal | Rail

Suncor Energy is no longer shipping crude by rail to the U.S. Gulf Coast because it is not economic to do so at current prices, Chief Executive Steve Williams said on Thursday. Read More »

US oil railcar market collapses as foreign crude makes comeback

Reuters | February 03, 2015 | Energy | Maritime | Intermodal | Road

A years-long bidding war for trains to haul crude oil across North America has abruptly ended, with more than a dozen mile-long unit trains now parked in Midwest stockyards and tank car lease rates halving from last summer’s peaks. Read More »

MOL, Mitsui Sign Deal to Charter LNG Carrier

AJOT | January 29, 2015 | Energy | Maritime

Mitsui O.S.K. Lines, Ltd. announced the signing of a contract with Mitsui & Co., Ltd. on January 29 to charter a new 177,000m3 LNG carrier. Read More »

First Satorp diesel cargoes to United States will land this week

Reuters | January 19, 2015 | Energy | Maritime

The first United States-bound cargoes of diesel from Saudi Arabia’s 400,000 barrel per day Satorp refinery will land in New York early this week, traders said on Monday. Read More »

Oil glut spurs top traders to book supertankers for storage at sea

Reuters | January 08, 2015 | Energy | Maritime | International Trade

Some of the world’s largest oil traders have this week hired supertankers to store crude at sea, marking a milestone in the build-up of the global glut. Read More »

U.S. agency considers exports of oil, gas from deepwater ports

Reuters | December 15, 2014 | Energy | Maritime

A U.S. agency is considering how the country could export crude oil and natural gas from deepwater ports as the domestic drilling boom adds pressure for Washington to relax trade restrictions and approve shipments of fuel. Read More »

Sovcomflot concludes USD 319 million, 10 year limited-recourse credit facility

AJOT | December 08, 2014 | Energy | Maritime

The funds will be used towards financing two new ice-class LNG carriers SCF Melampus and SCF Mitre, which will operate on long-term contracts with the Shell Group. Read More »

TransCanada pausing work on Quebec export terminal due to whales

Reuters | December 02, 2014 | Energy | Maritime | Liner Shipping | Ports & Terminals | Terminals

TransCanada Corp, Canada’s No.2 pipeline operator, is pausing work on a proposed oil export terminal in Quebec, after a federal committee recommended that Beluga whales in the St. Lawrence river be listed as an ‘endangered’ species. Read More »