April 20th, 20180Ben Ognibene has partnered with private equity firm American Working Capital to form Concord Maritime, which will commence operations based in Connecticut next month.
Concord will specialise in the commercial management of third party crude tankers, and has been capitalised in order to engage in time charter activity, projects and...
April 20th, 20180Houston-headquarterd offshore driller Rowan Companies has reported new contracts for a drillship and two jackup rigs in its latest fleet status report.
2014-built drillship Rowan Resolute has been awarded a two-well contract awarded by LLOG Exploration commencing mid-year with an estimated duration of 85 days. The contract...
April 20th, 20180Freeport LNG has postponed the expected start date for its liquefied natural gas (LNG) export terminal near to Freeport, Texas, according to Reuters.
Without giving a reason for the delay, the privately held US company said it was moving back the expected launch by around nine months to 1 September 2019 when the first liquefaction...
April 19th, 20180The two largest seaports in the US, Los Angeles and Long Beach, are offering millions in seed money for innovations that improve air quality in and around the two San Pedro Bay ports.
In a release on Wednesday the Port of Los Angeles said it is looking for emission-reducing technologies in the area of goods-movement – that covers...
April 18th, 20180Crowley Alaska Tankers, a part of Crowley Maritime Corporation, has completed the purchases of three tankers from ExxonMobil subsidiary SeaRiver Maritime with the intention of chartering the vessels back to Sea River.
The deal was first announced in November last year.
Crowley is renaming all three of the vessels after states along...
April 18th, 20180Department of the Interior (DOI) secretary Ryan Zinke said on Tuesday he will not reduce royalty rates for offshore lease sales, according to Reuters.
There had been an expectation that the rates would be lowered after February’s recommendation by DOI’s Royalty Policy Committee to reduce rates from 18.75% to 12.5%.
The idea...
April 17th, 20180Dominion Energy’s Cove Point liquefied natural gas (LNG) facility has officially become the second LNG export terminal in the US with Monday’s departure of the 2014-built vessel , according to Reuters.
Two previous export shipments have been sent from Cove Point in Chesapeake Bay, Maryland, but they were test cargoes, the first of...
April 16th, 20180Dry bulk owner Pangaea Logistics Solutions has signed a memorandum of agreement to acquire 12-year-old Imabari-built panamax Madeleine from Greek owner Goldenport for $14.2m.
The vessel will be renamed and utilised to support Canada’s Noranda Alumina and Noranda Bauxite on a long-term contractual basis.
Ed Coll, chief executive...
April 16th, 20180Houston, Texas-based midstream oil company Enterprise Products Partners (EPP) has announced an expansion of its Enterprise Hydrocarbon Terminal (EHT) on a newly acquired 65-acre site to the east of the existing terminal.
EPP plans to build at least two deep-water docks with suezmax-handling capabilities. The site, on the Houston Ship...
April 15th, 20180A PCL cargo ship hit a pier at the Port of New Orleans and leaked oil, causing the closure to vessels of a section of the lower Mississippi River and cleanup efforts, which were ongoing.
The 2003-built was in allision with a pier at the Nashville Avenue Terminal Complex.
No people were reported injured but an unspecified volume of...
