Maritime

Jones Act tanker idles as Brent-U.S. crude spread collapses

Reuters | October 06, 2014 | Energy | Maritime

A U.S. Jones Act coastal tanker hired this summer by Delta Air Line’s refining arm has been anchored empty for nearly two weeks in the Gulf of Mexico after weaker European crude markets reopened an arbitrage to ship oil more cheaply to the East Coast. Read More »

First Alaskan crude in a decade heads to S.Korea as shale pressures build

Reuters | September 30, 2014 | Energy | Maritime

The first U.S. export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers. Read More »

Fire at Sicily’s Milazzo Oil Refinery Hampers Vessels’ Operations

AJOT | September 29, 2014 | Energy | Maritime

Inchcape Shipping Services, the world's leading maritime services provider, is advising of extensive disruption after a fire broke out Friday afternoon (27 September) at Italy’s energy giant Eni and Kuwait Petroleum’s jointly owned Milazzo oil refinery, near the northeast coast of Sicily. Read More »

Suncor sends its first tanker of Western Canada heavy crude to Europe

Reuters | September 23, 2014 | Energy | Maritime

Canada’s largest oil and gas producer, Suncor Energy Inc, is shipping its first ever tanker of Western Canadian heavy crude from Canada’s East Coast to Europe, a company spokeswoman said on Tuesday. Read More »

P&O Maritime buys majority stake in Spain’s Repasa

Reuters | September 11, 2014 | Energy | Maritime | Ports & Terminals

P&O Maritime, a subsidiary of Dubai’s DP World, one of the world’s largest port operators, has bought a majority stake in Spain’s Remolcadores de Puerto y Altura (Repasa), the acquirer said in a statement on Thursday. Read More »

U.S. shippers seek role in transport of LNG, oil exports

Reuters | September 10, 2014 | Energy | Maritime | Liner Shipping

The U.S. government should ensure that international trade of U.S. natural gas, and potentially crude oil, will offer opportunities for the domestic shipping industry, maritime groups said on Wednesday. Read More »

Maersk proposes sale of part of Angola oil stake

Reuters | September 09, 2014 | Energy | Maritime

Maersk Oil, a unit of Denmark’s A.P. Moller-Maersk A/S, has proposed the sale of a part of its stake in the deepwater Chissonga project in Angola, Danish newspaper Jyllands Posten reported, citing sources familiar with the process. Read More »

Kenya plans oil jetty to cut import costs, handle crude exports

Reuters | September 09, 2014 | Energy | Maritime

State-run National Oil Corporation of Kenya (NOCK) is revamping plans for a new oil jetty in the port city of Mombasa so it can both cut the cost of imports and handle crude exports from east Africa. Read More »

CITGO Receives Marine Environmental Stewardship Award

PR Newswire | September 08, 2014 | Energy | Maritime | Liner Shipping

CITGO Petroleum Corporation was recently recognized by American Commercial Lines Inc. with its Marine Environmental Stewardship Award. The award recognized ACL customers that safely handled over two billion gallons of chemicals, petroleum products, and other liquid cargoes with the barge transportation company in 2013. Read More »

MOL and Viken Shipping conclude partnership for long-term charter service for Transpetro of Brazil

AJOT | September 03, 2014 | Energy | Maritime

Mitsui O.S.K. Lines, Ltd. today announced that the company has decided to establish a ship-owning joint venture with Viken Shipping AS and participate in a shuttle tanker project. Read More »

Buckeye buys Trafigura’s prized Texas oil assets

Reuters | September 03, 2014 | Energy | Maritime

Oil logistics specialist Buckeye Partners LP will pay $860 million for control of Trafigura’s prized oil facilities in the Texas shale hub amid expectations Washington will relax its crude oil export ban. Read More »

Mexico’s Cayo Arcas, Dos Bocas oil ports closed due to bad weather

Reuters | September 01, 2014 | Energy | Maritime | Ports & Terminals

Two of Mexico’s major crude oil export hubs along the country’s Gulf coast were closed because of bad weather, the Communications and Transport Ministry said on Monday. Read More »

Disputed Kurdish oil tanker reappears off Texas coast, still full

Reuters | September 01, 2014 | Energy | Maritime

A tanker carrying disputed Iraqi Kurdish crude oil reappeared on satellite tracking on Monday near Texas, days after having gone silent with a $100 million cargo, but the latest vessel data showed it had not offloaded at sea. Read More »

Impasse over Kurdish tanker near Texas to drag on, more tussles likely

Reuters | August 26, 2014 | Energy | Maritime

A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said on Tuesday. Read More »

Gazprom and Sovcomflot expand cooperation in LNG transportation

AJOT | August 26, 2014 | Energy | Maritime

Gazprom and Sovcomflot named the new state-of-the-art 170,000m³ liquefied natural gas carrier (LNGC) Pskov, after one of the oldest Russian cities. The ship will be chartered to Gazprom Global LNG (GGLNG) under a long-term contract. Read More »

U.S. court scraps order to seize Kurdish crude from tanker near Texas

Reuters | August 25, 2014 | Energy | Maritime

A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse. Read More »

Wärtsilä awarded another design contract for arctic operations

AJOT | August 11, 2014 | Energy | Maritime | Discovery

A second confirmed design contract for Wärtsilä’s new series of arctic platform supply vessels has been signed. This latest order is for a multi-purpose platform supply vessel (MPSV) being built by Tersan Shipyard in Turkey on behalf of U.S.- based Tidewater Inc Read More »

Mideast crude tanker rates struggle to make gains over ship glut

Reuters | August 08, 2014 | Energy | Maritime

Crude oil tanker earnings on the major Middle East route were steady this week, helped by light bookings although rates have yet to rebound after a recent surge late last month. Read More »

Long range products tanker rates keep gains for now

Reuters | August 08, 2014 | Energy | Maritime

Long-range clean tanker rates remained firm this week although a likely slowdown in bookings was expected to cap the pace of gains in coming days. Read More »

Cameron LNG project gets final investment approval

Reuters | August 06, 2014 | Energy | Maritime

Japanese partners in the Cameron liquefied natural gas (LNG) terminal in the U.S. state of Louisiana said on Thursday the project has received final investment approval and lined up $7.4 billion in financing. Read More »