The Port of Corpus Christi approved a 50-year lease agreement with Lone Star Ports, a joint venture between the Carlyle Group and the Berry Group, for about 200 acres on Harbor Island to develop a new petroleum export terminal. The facility will connect US crude producers with all major international markets. The facility on Harbor Island is planned to be the deepest-draft safe harbor crude export facility in the US.
The Australian Department of Agriculture and Water Resources released its proposed conditions for sheep exports to the Middle East for the upcoming northern summer to support animal welfare outcomes. Among others, the Secretary will sign an Order banning sheep exports from June to August by law. In addition, independent Observers will have to be on all voyages that can accommodate them.
In its latest South America Container Trades report, Dynamar focuses on the growth that has returned in America after three years of reduction in its global trade. The report highlights the development after economic contractions between 2014-2016, with a recovery in 2017. The overall container carryings between South America and the rest of the market experienced an increase of over 10 million TEU in 2017, 8% more than 2016. The report expects South America containerized trade to reach 14 million TEU in 2021.
During 2018, Sea Port of Saint-Petersburg JSC handled 7.7 million tonnes of cargo showing a 12% increase in comparison to 2017’s numbers. The increase of cargo traffic is attributed the development of yards dedicated for transshipment of cast iron, metal scrap, ore, mineral fertilizers and containers.
South Africa’s port of Durban resulted with an overall throughput of 2.975 million TEU, increased from the 2.699 million in 2017. That’s an rise of 276.000 TEU for the year, equal to over 10%, which will be a boost to Transnet Port Terminals (TPT). Nationally the increase on containers was 5.3% with the total for all ports reaching 4.833 million TEU, according to the Mercury.
Magellan Midstream Partners LP is discussing with companies that develop crude transportation assets in Freeport, Texas, as it plans to build a US crude export terminal instead of its previously scheduled spot off Corpus Christi. Despite Corpus Christi construction, the pipeline operator considers all of its options, including an offshore terminal off Freeport, closer to its crude storage and terminal assets in Houston, according to Mark Roles, senior vice president at Magellan.
The U.S. Department of Energy (DOE) has announced that it would now only require U.S. LNG exporters to report the country or countries of LNG deliveries, not country of end-use, to satisfy the DOE’s destination reporting requirement.
As we are now two months into the US soybeans trading year, the trade war between US and China is making its impact more apparent, Maritime Strategies International informs. Namely, US exports between September and October are less by 41%, as well as the exports to China (96%). However, there is an increase to shipments elsewhere (86%).
The trade war combined with the Chinese tariffs on imports of US soya beans are making their affects visible during the beginning of the soya bean exporting period in the US, as it has seen a 97% decrease in the amount of soya beans it sends to China, BIMCO said.
The Port of Corpus Christi entered into an agreement with Carlyle to develop a crude oil export terminal on Harbor Island, to connect the increasing crude oil production in the US with global markets. The terminal will be the first onshore location in the US able of providing export service to fully-laden VLCCs.
Infographic: What is EPIRB16/06/2019
Adopting a formal alcohol policy in ports is vital15/06/2019
Lessons Learned: Do not load cargoes excluded from the IMSBC Code15/06/2019
More microplastics are hidden in the ocean than the surface15/06/2019
Port of Amsterdam: Completion work progresses for new lock gates14/06/2019
Accidents related to ISM Code failures: What we have learned so far14/06/2019
CSA 2020 welcomes study's results on scrubber wash water14/06/2019
Meeting expected oil demand growth will not be a problem, IEA says14/06/2019
Porthos project seeks to close cooperation agreements14/06/2019
Norway: New rules for passenger ships in Svalbard14/06/2019