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Saturday, April 17, 2021

Energy News

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U.S. Crude Oil Exports: When 'Less is More'

Longer sailing distances cushion fall in US crude oil exportsTon mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms, seaborne crude oil exports have fallen by 18.8%, to 20.9m tonnes, a 4.8m tonnes decline compared with last year, according to data from the US Census Bureau.While seaborne crude oil exports to all regions have fallen, those to Asia are among the least affected, down just 1.0%, or equivalent to one Aframax load (101,088 tonnes).

Credit: Astilleros Gondán

Astilleros Gondán Orders ABB Package for 10 Electric Ferries

Spanish shipbuilder Astilleros Gondán has tapped ABB to supply all-electric power solutions for ten fast 40-meter urban passenger ferries transporting up to 540 passengers each across Lisbon’s Tagus river.The contract comes a week after Astilleros Gondan said it would start building a series of 10 fully electric passenger ferries for the Portuguese river passenger transport operator Transtejo.The ten new ferries will replace the existing fleet serving this route when they enter service between 2022 and 2024.In addition to energy storage…

Trish Skoglund (Photo: Crowley Maritime Corp.)

Crowley’s Skoglund to Lead Mergers and Acquisitions Team

Crowley Maritime Corp. has appointed Trish Skoglund as corporate director of mergers and acquisitions, guiding strategic investments that create sustainable growth and accelerate the company’s competitive advantages.In her newly created role, Skoglund will contribute to all aspects of strategic acquisitions, and she will collaborate with Crowley’s business units to identify growth opportunities that best maximize the company’s diverse capabilities and offerings, the company said.

Alisa Praskovich (Photo: Crowley)

Crowley Promotes Praskovich to VP of Sustainability

Crowley Maritime Corporation has promoted Alisa Praskovich to vice president of sustainability to orchestrate Crowley’s environmental, social responsibility and governance (ESG) activities. Based in Jacksonville, Fla., she reports to chief operating officer Ray Fitzgerald.Sustainability responsibilities under Praskovich include supporting Crowley’s continuing commitment to cleaner, environmentally friendly technologies and operations, such as the company’s New Energy Division…

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MARAD Announces $230 Million for Port Infrastructure Grants

The U.S. Department of Transportation’s Maritime Administration is encouraging states and port authorities to apply for $230 million in discretionary grant funding for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program (PIDP).“Our nation’s ports are a key part of our critical infrastructure. They create jobs and make our economy more resilient and sustainable,” said U.S. Secretary of Transportation Pete Buttigieg. “This funding…

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How Shipping Ports Can Become More Sustainable

Marine shipping drives 90% of global trade, moving over 11 billion tonnes of containers, solid and liquid bulk cargo across the world’s seas annually. Almost all consumer products we buy — or the raw materials required to make them — arrive at Canadian ports via ship.Each year, Canadian port facilities handle about 340 million tonnes of goods, worth about $400 billion. Roughly 25% of Canadian exports and imports, by value, are transported by marine shipping.Despite their economic importance…

(Photo: BlackSky)

The Suez Canal: A Vital Transit Route With an Ancient History

The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.The 193-km (120-mile) waterway, run by the state-owned Suez Canal Authority, is a vital source of foreign currency for Egypt.How much oil goes through the canal?Of the 39.2 million barrels per day (bpd) of crude oil imported by seaborne methods in 2020, 1.74 million bpd went through the Suez Canal…

(Photo: Suez Canal Authority)

Oil Gains More Than $3/bbl After Suez Canal Ship Grounding

Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.The crude benchmarks, U.S. crude and London-based Brent, added to gains after U.S. inventory figures showed a further rebound in refining activity, suggesting U.S. refiners are mostly recovered from the cold snap that slammed Texas in February.Brent crude settled at $64.41 a barrel, gaining $3.62, or 6%, after tumbling 5.9% the previous day.

Asia’s First Ship-to-containership LNG Bunkering Performed in Singapore

Asia's first ship-to-containership liquefied natural gas (LNG) bunkering operation was undertaken in Singapore on Wednesday as vessel owner and operators continue to turn to the cleaner burning fuel to reduce their emissions and Singapore ramps up its efforts to become an LNG bunkering hub.French shipping company CMA CGM, a large adopter of LNG fuel for its containerships, said its vessel CMA CGM Scandola was fueled with 7,100 cubic meters (m3) of LNG from FueLNG Bellina, Singapore’s first LNG bunkering vessel.

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Cruise Ships to Run on Shore Power in Port of Valletta

Cruise ships moored in the Maltese port of Valletta will soon be able to plug into the island's energy grid, drawing the power they require to be fully operative without having to keep their diesel engines running. Nidec ASI, head of the Nidec Industrial Solutions platform belonging to the Nidec Group, said it has secured a  €12 million contract with the Maltese company Excel Sis for the creation of a “shore-to-ship” project at the port. Nidec ASI was awarded the supply of power and high-tech systems and all related engineering…

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US LNG Exports on Track to Hit Record High in March

U.S. liquefied natural gas (LNG) exports are on track to hit record highs in March as tumbling shipping rates and lower prices than in Europe and Asia continue to attract buyers.The amount of gas flowing to U.S. LNG export plants has averaged 10.5 billion cubic feet per day (bcfd) so far in March, according to Refinitiv. That compares with a four-month low of 8.5 bcfd in February, when extreme cold cut power and gas supplies to the facilities, and a monthly record high of 10.7 bcfd in December."The rebound in U.S.

Microgrid Concept for Inland Port: In the MethanGrid research group DVGW, Rolls-Royce Power Systems and other partners have developed a complete locally coupled energy supply system for the Karlsruhe inland port facility. Electricity, gas, heating, industry and transport - all the current sectors - are coupled by means of this microgrid so that the available energy, including renewables, can be optimally exploited. Image courtesy Rolls-Royce Power System/MethanQuest

MethanQuest: Test Results In for Renewable Hydrogen, Methane as a Fuel

As the maritime industry embarks on 'the path to zero', it is widely acknowledged that there is currently not a 'silver bullet' solution, nor is it likely that a solution will emerge from a vaccum. Collaboration is the path forward, and efforts such as MethanQuest offer promise.The project MethanQuest was launched in September 2018 with 29 partners from research, industry and the energy sector to work on processes for producing hydrogen and methane from renewables and for using them to achieve climate-neutral mobility and power generation.

Port of Vancouver USA Reports Record 2020

2020 was a year unlike any other for maritime and ports businesses globally. It was also a record-breaker for the Port of Vancouver USA, which reported the highest returns in its 108-year history: revenues totaling $50 million—a 15% increase from the previous year.The port said it moved over seven million metric tons of commodities, led primarily by energy infrastructure components. In total, more than 2,700 wind turbines crossed the port's docks, the most of any West Coast port and enough to power 112…

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Oil Demand Drag Takes a Toll on Tankers

U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources say.The global rollout of coronavirus vaccines and the expectation that government-offered stimulus packages will boost the world economy has raised expectations of a recovery in oil consumption. But fuel demand remains sluggish, keeping oil refiners under pressure and looking for ways to limit further losses.The International Energy Agency…

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Charity Golf Event to Benefit Mercy Ships

Core Group Resources is hosting a charity golf event in support of Mercy Ships' volunteer crew fund, on March 29, in Katy, Texas, west of the Houston Energy Corridor.The hosts are currently seeking additional teams, sponsors and donations to support the golf outing at the Falcon Point Golf Club, which will also include a barbecue, auction and raffles for golfers and non-golfers alike.Mercy Ships is an international charity operating the world's largest nongovernmental hospital…

(Photo: Port Houston)

Winter Storm Takes a Toll on Port Houston Volumes

Port Houston reported a dip in container volumes for the month of February after a severe winter storm shut port facilities for nearly a week, bringing cargo movements to a virtual standstill.The lethal storm and impact of sub-freezing temperatures on both commerce and activity at Port Houston resulted in a tough month as vessel calls and terminal activities were suspended. Port Houston—the dominant container port on the Gulf Coast and sixth largest in the U.S.—handled 198,763 twenty-foot equivalent units (TEUs) in February of 2021, compared to 255,474 TEUs in February 2020.

Photo courtesy Rolls-Royce's Power Systems

Rolls-Royce's Power Systems Profitable Despite 17% Revenue Plunge

Rolls-Royce's Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6.5% (2019: 11.5%). As a result, Power Systems, with its product and solutions brand mtu, remained in the black during the 2020 pandemic year.Power Systems is taking advantage of the crisis to prepare for a shift in its business model…

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Shipping Groups Press EU to Advance 'Fuels of the Future'

Shipping and trade groups are calling on the European Union to advance the development of ammonia and green hydrogen as the best marine fuel options to enable the industry to accelerate decarbonization.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world’s CO2 emissions.To reach goals for shipping set by the United Nations, industry leaders say the first net-zero ships must enter the global fleet by 2030, with vessels powered by green hydrogen and its derivative compound ammonia among the options.The coalition of groups…

Image: Siemens Gamesa

Siemens Gamesa Picks Cadeler to Transport and Install Giant 14MW Offshore Wind Turbines

Offshore wind installation company Cadeler said Wednesday it had won the largest contract in its history.Cadeler, previously known as Swire Blue Ocean, said that offshore wind turbine maker Siemens Gamesa had awarded Cadeler a contract of valued at around $90 million, with an additional $30 million in options, to transport and install giant SG 14-222 DD offshore wind turbines.The turbines are expected to be the largest wind turbines in the world at the time of installation and have an individual capacity of 14 MW.

(Photo: Port of Gdansk Authority)

Gdansk: One of Europe’s Fastest Growing Ports

The Port of Gdansk has overtaken Russia’s Port of Primorsk to become the third-busiest port for cargo shipments in the Baltic Sea.Figures show the port handled a total of 4.6 million tons of cargo in January 2021, up 8.8% year-on-year, moving the Port of Gdansk Authority into third place on the Baltic Sea podium.Russia’s Port of Ust Luga and Port of St. Petersburg held onto the top two spots, handling 9.4 million tons (+3.6% Y-O-Y) and 4.7 million tons (-0.8%) respectively. The Port of Primorsk dropped to fourth in the rankings with 4.4 million tons (-26.3%)…

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Strong Offshore Wind Lifts U.S. Maritime, Port, and Logistics Companies

After several false starts, 2021 is the year when the U.S. offshore wind industry begins to realize its potential. This is according to Philip Lewis, Director of Research, World Energy Reports (WER).In an interview with Maritime Reporter TV's Greg Trauthwein, Lewis, whose WER is set to release an intelligence pack that presents a roadmap to the opportunities in the U.S. offshore wind space, says that at least 30 major offshore wind projects are forecast to be developed within this decade.

© Stena Bulk

Stena Bulk Debuts InfinityMAX Electric Vessel Design Concept

As shipping companies face mounting societal and regulatory pressure to decarbonize, innovative alternative designs are expected to become the norm rather than the exception. Stena Bulk unveiled the InfinityMAX hybrid bulk carrier concept, intended to push the boundaries for zero carbon, multi-modal vessel design. It is electric and modular, designed to enable sustainable, zero carbon, efficient and flexible seaborne transportation.The concept is designed to carry both dry and wet cargoes in modular compartments…

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Baltic Exchange Adds LNG Powered Seaborne Gas Assessments

A new set of independent indices for the liquified natural gas (LNG) seaborne trade went live this week (2 March), based on the carriers burning LNG, rather than marine fuel oil or marine gas oil, as their primary fuel.Published twice weekly, the new indices have been given the acronym (BLNGg) and will be published alongside the current LNG indices which are based on LNG carriers burning Very Low Sulphur Fuel Oil (VLSFO). Historical data for the new indices will be available dating…

(Photo: Ardmore Shipping)

Ardmore to Manage Four Carl Büttner Chemical Tankers

Cooperation strengthens chemical platform; underpins strategy to operate more sustainable, non-fossil fuel cargoes  Ardmore Shipping Corporation announced a new partnership with Carl Büttner, taking on the commercial management of four chemical tankers on behalf of the Bremen-based shipowner.The vessels Aurelia, Avalon, Apollo and Admiral are 24,000 deadweight tonne (DWT) chemical tankers, and will operate alongside Ardmore’s own chemical tanker fleet. This move signals a doubling of the number of similar sized chemical tankers under Ardmore’s management.Gernot Ruppelt…

(Credit: Roscosmos)

Russia Launches Satellite to Monitor Climate in Arctic

Russia launched its space satellite Arktika-M on Sunday on a mission to monitor the climate and environment in the Arctic amid a push by the Kremlin to expand the country’s activities in the region.The Arctic has warmed more than twice as fast as the global average over the last three decades and Moscow is seeking to develop the energy-rich region, investing in the Northern Sea Route for shipping across its long northern flank as ice melts.The satellite successfully reached its intended orbit after being launched from Kazakhstan’s Baikonur cosmodrome by a Soyuz rocket…

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Corpus Christi, Rotterdam Ports Announce Partnership

The U.S.’ largest energy export gateway and Europe’s leading industrial deepsea port have entered into a Memorandum of Understanding that will allow the two global entities to collaboratively improve their global maritime operations.The Port of Corpus Christi and the Port of Rotterdam have outlined a number of shared objectives, which include codeveloping trade and commercial opportunities, fostering an exchange of information, and advancing the development and deployment of innovative technologies specifically related to navigational safety and environmental protection.Sean Strawbridge…