US

EIA forecasts a 2.2% decrease in US CO2 emissions in 2019

EIA expects a 2.2% decline in CO2 emissions for 2019, in comparison to a 2.7% increase in U.S. energy-related carbon dioxide (CO2) emissions in 2018; The decrease will be the result of fewer emissions from coal consumption.

Port of Quincy begins Phase 1 expansion project

The Port of Quincy, US, began its Phase 1 of its infrastructure project; The project will consist of two phases, with the port providing the funding for the completion of the first phase, expecting to complete the design of the project at the end of 2019 and the overall phase 1 in early 2020.

CBP changes Jones Act for offshore vessels, criticised over loopholes

The US Customs and Border Protection announced that it will withdraw several previous letter ruling concerning the enforcement of the Jones Act, which may lead to “loopholes” with major implications for the US offshore industry, with the latter commenting that this decision allows foreign-flagged, non-Jones Act wind turbine installation vessels to operate in the expanding U.S. offshore wind industry.

EIA: US LNG exports increase week over week

The Energy Information Administration (EIA) reported that the US exports concerning LNG presented an increase, the week from 12 to 18 December. 17 vessels departed the US export facilities carrying an overall cargo of 59 Bcf, during the week under review, in comparison to 14 vessels with a combined LNG-carrying capacity of 51 bcf exported the week before.

Compliance of policing agencies and countries for IMO 2020

Compliance is a major concern in light of the new regulations concerning pollution from shipping; whatsoever, no central policing agency as well as several countries have not signed up to them yet. Reuters reports that refiners and shipping companies are expected to spend billions of dollars in the following years in order to ensure fuel and engine compliance. Yet, as enforcement of MARPOL Annex VI, set by the UN rests with individual countries and flag states, means that for some routes and regions, compliance may be inconsistent.

US renews waiver on COSCO unit

It is said that on Thursday, December 19, the Trump administration renewed a waiver for companies to loosen transactions with the Dalian unit of a Chinese tanker company it had sanctioned in September for allegedly transporting Iranian oil, Reuters reports.

Ventspils Freeport Authority enters US sanctions

On 9 December 2019 the US Treasury Department of Foreign Assets Control (OFAC) designated several individuals and entities to the Specially Designated Nationals (SDN) sanctions list under Executive Order 13818 (EO 13818). Under EO 13818, a former government official in Latvia and four companies owned or controlled by him were listed under the SDN list, which included Ventspils Freeport Authority.

US to not impose penalty tariffs to China

The US and China reached an agreement on a ‘Phase One’ deal to avert US penalty tariffs that would take effect on December 15. Namely, China has agreed to purchase $32 billion in additional agricultural goods during the next two years from $24 billion purchased in 2017. In addition, it will also buy more manufactured goods and energy products. 

US has to extend its oil and natural gas transportation infrastructure

The National Petroleum Council (NPC) issued a study analyzing the current and future state of oil and natural gas transportation infrastructure of the US, and reviews constraints to growing domestic oil and natural gas production caused by infrastructure limitations that reduce domestic demand or energy exports.

maritime events