U.S. Customs and Border Patrol said Friday it has received and is reviewing one request to waive the Jones Act due to the impact of Hurricane Harvey, which has shut down refineries and closed parts of a key pipeline. The Jones Act mandates the use of U…
New rules governing Brazil's ethanol imports, which slap a 20 percent penalty for volumes above a tax-free import quota, took effect on Friday, authorities said. Brazil's foreign trade chamber Camex said in an official written resolution that the rules will be valid for two years…
The United States is proposing to speed up approval of small-scale exports of natural gas, including liquefied natural gas (LNG), the U.S. Department of Energy said in a statement released on Friday. The department said the proposed rule…
Despite the turbulent conditions seen in conventional markets, SCF Group has continued to demonstrate resilience whilst remaining able to position itself to take advantage of the future upswing in these markets when it comes. The first…
Scorpio Tankers said shareholders of Navig8 Product Tankers Inc. (NPTI) approved the previously announced merger of Scorpio and NPTI at shareholders meeting held Tuesday. At the meeting, approximately 94.25 percent of the NPTI shares outstanding were voted…
U.S. oil terminal operator Buckeye Partners LP said on Monday it was working to fully restart operations at its oil processing facility in Corpus Christi, Texas, by early Tuesday afternoon. Based on the latest assessment of equipment, the…
The Port of Texas City said on Saturday it expects to reopen within 24 to 48 hours after completing an assessment for damages after Tropical Storm Harvey made landfall as a category 4 hurricane. The port was closed on Friday for maritime operations…
The Port of Corpus Christi has begun its recovery efforts after initial assessments show light to moderate damage and debris from the impact of Harvey, which hit the major port as a Category 4 hurricane, the port director said on Sunday. 'We…
Oil tanker Kamome Victoria that ran aground in a shipping channel between New York and New Jersey has been cleared to depart after it passed inspections, the U.S. Coast Guard said. According to AP report, the product tanker was carrying 373…
Capital Product Partners, an international diversified shipping company, announced that it has secured new time charter employment for three Medium Range (MR) Product Tankers. The M/T 'Amadeus' (50,108 dwt, IMO II/III Eco Chemical/Product Tanker built 2015…
Grindrod, the South Africa-listed freight logistics and shipping services firm, is planning to separate and list its shipping business in order to unlock its value, the company said on Wednesday. Grindrod, which also has a financial services business…
Maersk Tankers said on Wednesday it has entered into an equity agreement with U.S. hedge fund CargoMetrics, giving it access to analytical models and algorithms to better manage its tanker operations. Maersk Tankers, a unit of shipping group A…
Crowley Marine Services said it will relocate the tugboat Veteran to the Port of Los Angeles/Long Beach to service all vessels, including large petroleum tank vessels with deep drafts greater than 65 feet calling on Long Beach Berth 121. With a bollard pull rating of over 90 short tons…
Team Tankers International Ltd. (TEAM) said that the company has agreed to sell the Tour Margaux (8,674 dwt, built 1993). The transaction closed and the ship was delivered to the buyer in July. The vessel is classified under Vessels Held for Sale as of June 30…
Emissions inventory shows 2016 was a banner year for green growth. The Port of Los Angeles achieved record clean air gains while moving more cargo than ever, according to the Port’s 2016 Inventory of Air Emissions. Released today, the annual…