Category archives for: Shipping News

Enterprise Covers 85 Pct Capacity of Its Houston Ethane Terminal

Enterprise Covers 85 Pct Capacity of Its Houston Ethane Terminal

Enterprise Products Partners L.P. has executed an additional long-term contract to provide ethane storage, transportation, refrigeration and loading services from its new ethane export terminal that is currently under construction on the Houston Ship Channel.   With this new agreement, Enterprise now has long-term commitments for approximately 85 percent of the capacity of the ethane […]

UPDATE 1: Buyer of Kurdish Oil Revealed

UPDATE 1: Buyer of Kurdish Oil Revealed

Chemicals firm LyondellBasell has been revealed by Reuters as the mystery American buyer of Kurdish crude oil this year.   “We have canceled further purchases and will not accept delivery of any of the affected crude until the matter is appropriately resolved,” the company told Reuters. The company confirmed that it had purchased modest amounts […]

NY & NJ Port Set for Record-Breaking Year

NY & NJ Port Set for Record-Breaking Year

The Port Authority of New York and New Jersey has reported that cargo volumes in the Port of New York and New Jersey set a record for the first six months of 2014.   From January through June, the Port Authority reported 4 percent growth in cargo container traffic in the port. The agency reported a […]

Oregon LNG to Export to Non-FTA Countries

Oregon LNG to Export to Non-FTA Countries

Oregon LNG has received authorization from the U.S. Department of Energy (DOE) to export liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the U.S.   This approval allows the largest Asian buyers to purchase from Oregon LNG, which already has authorization to ship to any of the […]

US LNG Export Market Ready to Take Off

US LNG Export Market Ready to Take Off

The U.S. Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, introduced H.R. 5270, the Growing American Shipping Act, to strengthen the U.S. maritime industry.   The Subcommittee’s Chairman, Congressman Duncan Hunter (R-CA-50), joined the legislation as an original cosponsor. Existing law, written before the natural gas […]

Ardmore Overturns Loss

Ardmore Overturns Loss

New York-listed tanker owner Ardmore recorded a net profit of $100,000 for the three months ended June 30, 2014, overturning a loss of $1.2m recorded for the same period last year.   Earnings per share of $0.02 trumped Wall Street expectations for a $0.01 per share loss, according to Doug Mavrinac of Jefferies. Anthony Gurnee, […]

EXMAR: VLGC Market Levels Historically High

EXMAR: VLGC Market Levels Historically High

The VLGC market has reached and is maintaining historically high levels, based on first semester results of the EXMAR Group, owner and operator of LNG and LPG carriers.   According to the company, the recent freight upturn has been mainly driven by the arbitrage between US and Asian product prices, with the increased availability of […]

Paris, Tokyo MoUs Want Watckeepers Rested

Paris, Tokyo MoUs Want Watckeepers Rested

The Maritime Authorities of the Paris and the Tokyo Memoranda of Understanding (MoU) on Port State Control will launch a joint Concentrated Inspection Campaign (CIC) with the purpose of establishing that watchkeeping personnel are meeting the requirements regarding hours of rest as per STCW 78 as amended (including the Manila amendments).   This inspection campaign will […]

K-Line Lets America Ports In on Container Terminal Action

K-Line Lets America Ports In on Container Terminal Action

KAWASAKI KISEN KAISHA, LTD. (K Line) has agreed on a transfer of a partial stake in International Transportation Service, Inc. (ITS) to Ports America.   ITS, which is a wholly-owned subsidiary of “K” Line, has operated container terminals in Long Beach and Tacoma for more than 40 years. ITS was the pioneer in providing on-dock double […]

Eco-Ship Fund for Korean Shippers

Eco-Ship Fund for Korean Shippers

Korean shipping companies will benefit from an ‘eco-ship fund’ worth USD $976 million Korea Eximbank (Kexim) plans to launch so as to boost domestic shipping companies in switching to green technology.   The fund is expected to open for business this November, with the contribution from the South Korean state bank with 25% oand institutional […]

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