Tag: US

According to local Iranian media, the chairman of Iran's Shipping Society and related services, Massoud Polmeh reported that a large number of ports across the globe do not permit Iranian-registered vessels to enter and dock. Massoud Polmeh is turning against the US re-imposed sanctions on the Islamic Rebublic for the rejection of ships carrying the Iranian flag at ports.

The number of U.S. liquefied natural gas vessels that went to China in 2018 fell by around 20% from the prior year as the trade war between Beijing and Washington heated up. Yet, the trade war has been lessen because of talks between China and US, looking for a common ground, increasing the possibility of additional tariffs to be avoided, according to Reuters.

Energy consumption in Asia, the Middle East, and Africa is grow rapidly, with about 20% growth in each region between 2010 and 2016, according to data in EIA’s International Energy Statistics database. Furthermore, petroleum and other liquid fuels are the main form of energy consumed.

Louisiana Governor John Bel Edwards and South Louisiana Methanol CEO Paul Moore announced to pursue a $2.2 billion capital investment in a new methanol complex –one of the world’s largest methanol production sites– to be located in the Port of South Louisiana district, according to the port's statement.

The National Maritime Center posted updated information for merchant mariners that are affected by the lapse in appropriation. The NMC said that the partial shutdown may affect the industry and cause inconvenience. Namely, USCG informed that there are extension for marine credentials.

A group of House Democrats introduced a suite of eight bills, on December 8, aimed at blocking President Trump’s proposal to expand offshore oil and natural gas drilling around the country. The bills occurred as Trump administration is to release the Bureau of Ocean Energy Management’s (BOEM) Proposed Outer Continental Shelf Oil and Gas Leasing Program, that will define the administration's vision of drilling procedures.

A week after the abduction of six crew members from the container ship MSC Mandy off Benin, BIMCO stressed that piracy in the Gulf of Guinea is an unacceptable burden to seafarers and shipping companies and asked, on behalf of its members, that maritime powers increase their presence to curb piracy. 

Mustafa Ansari, senior economist at APICORP, explained that until the market starts showing signs of stock drawdowns, oil prices will continue to experience pressure. Namely, the oil price will recover some of its losses and will range between the US$60-70 per barrel range towards the second half of 2019.

In its latest annual forecast, Eurasia marked the US-China tensions at the second place of the top risks the world will have to encounter in 2019. Despite the temporary halt of tariff escalation announced at the G20 meeting in Buenos Aires last month, Eurasia remains 'concerned about the world's most important bilateral relationship'.

The Canaveral Port Authority awarded Merritt Island-based Ivey’s Construction Inc. a $78.98 million contract for the Port’s Cruise Terminal 3 project and a $29.53 million contract for the 1,800-vehicle parking garage. The $38.6 million project is expected to be completed in December.