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Saturday, April 20, 2019

Louisiana News

Photo courtesy of Port Nola

Port NOLA Receives National Planning Award

The Port of New Orleans’ (Port NOLA) Strategic Master Plan, Port NOLA Forward, will earn the Port a Silver 2019 National Planning Achievement Award for Economic Development Planning from the American Planning Association (APA) for identifying and seizing upon economic growth opportunities.Port NOLA also received the Plan Excellence Award in October from the APA’s Louisiana Chapter for its strategic master plan, which is a bold vision to deliver significant, sustained economic benefit throughout the Port’s three-parish jurisdiction – Jefferson, Orleans and St. Bernard Parishes.

cheneire's Sabine Pass Terminal. CREDIT: Cheneire

U.S. LNG Shipments Fall to Six-Month Nadir

U.S. shipments of liquefied natural gas are expected to fall to their lowest level in six months in April, after a leading U.S. supplier shut units for maintenance at a time when a glut of supply has driven some worldwide prices to near three-year lows.Based on exports through April 10, the United States is on track to sell roughly 91.5 billion cubic feet per day (bcfd) of natural gas as LNG, which would be the lowest since October. That compares with an estimated record 139.8 bcfd shipped in March…

ULCC_AdobeStock_CREDIT Jose Gill

BIMCO: US Seaborne Crude Oil Exports Hit Record High

US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from 2.7 million tonnes in December to 4.8 million tonnes in January.A strong end to 2018 meant that volumes for the full year totalled 87.4 million tonnes, 96.7% higher than the 44.4 million tonnes exported in 2017. This is good news for the crude oil tanker sector…

Image: New Orleans Public Belt Railroad (NOPB)

NOPB, Port NOLA Secure EPA Grant

The Port of New Orleans and project partner, the New Orleans Public Belt Railroad (NOPB), were awarded a National Clean Diesel Funding grant from the United States Environmental Protection Agency.The EPA grant will provide 40% of total project cost, allowing NOPB to retrofit the engine of a conventional diesel locomotive to a cleaner engine with low emissions beyond current requirements. This will be the first locomotive of its kind in the New Orleans gateway.This eco-locomotive…

Photo Credit/Port NOLA: Container vessel being worked by current gantry cranes at Napoleon Avenue Container Terminal site.

Port of New Orleans to buy New Gantry Cranes

New Cranes Allow Port NOLA to Accommodate Larger Ships and Meet Growing Needs. The Board of Commissioners of the Port of New Orleans (Port NOLA) have voted to approve the purchase of two new 100-foot gauge container gantry cranes to be used at the Napoleon Avenue Container Terminal. “These new cranes are vital to our success and growth here at Port NOLA,” said President and CEO Brandy D. Christian. “They will increase our efficiency so we can accommodate larger and wider ships…

An artist rendering of the future USNS Navajo (T-TATS 6). (U.S. Navy photo illustration/Released)

NAVY: New Class of Ship Named Navajo

Gulf Island Shipyards was awarded a $63.5 million contract for the detail design and construction of the new Towing, Salvage and Rescue Ship which will be based on existing commercial towing offshore vessel designs and will replace the current T-ATF 166 and T-ARS 50 class ships in service with the US Military Sealift Command.Secretary of the Navy Richard V. Spencer has announced the new class of Towing, Salvage, and Rescue ship will be named Navajo.The new class of vessels will…

Photo: DSC Dredge

DSC's Wetta Receives Barry K Wendt Award

William J. “Bill” Wetta, Senior Vice President of Product Development & Chief Technology Officer (CTO) of DSC Dredge, LLC was awarded the Barry K. Wendt Commitment Award during National Stone Sand and Gravel Association’s annual convention in Indianapolis, Indiana held February 10 – 13, 2019.Deemed The aggregates industry's highest, most distinguished individual award, NSSGA established the Wendt award more than two decades ago to recognize individuals who exhibit the dedication and commitment to the industry that Barry Wendt did. The Barry K.

© Anatoly Kolodey / Adobe Stock

Venture Global Gets LNG Export Approval from US

Venture Global LNG said on Tuesday it had received approval to export liquefied natural gas (LNG) from its Louisiana facility to non-free trade agreement countries.The company said the U.S.

Image: Venture Global LNG

FERC Approves Venture Global LNG Terminal

The Federal Energy Regulatory Commission (FERC) cleared Venture Global Calcasieu Pass LLC’s proposed liquefied natural gas export project in Cameron Parish, Louisiana, marking the first authorization in two years for a new LNG export facility.Venture Global LNG Inc. said it will start construction immediately on its $5 billion Calcasieu Pass liquefied natural gas export terminal in Louisiana. FERC also cleared  TransCameron Pipeline LLC’s associated natural gas pipeline."With our FERC order in hand and our project contracted with binding 20-year sale and purchase agreements (SPAs) with Shell…

Photo: Port NOLA

Port NOLA Sets Cruise Passenger Record

The Port of New Orleans (Port NOLA) set a new record in 2018 with 1,182,111 cruise passenger movements, up 2.3 percent compared to a year ago. A 23 percent surge in guests taking Mississippi River cruises helped buoy the total, with new and larger ships set to sail from New Orleans both in the Caribbean and on the River in 2019.A recent economic impact study conducted by LSU’s E.J. Ourso College of Business determined cruise passengers and ship crews spend an estimated $129.1 million annually in the local economy.In 2018…

Image: Port of New Orleans

New Orleans Sets Cruise Passenger Record

A record number of cruise ship passengers traveled through the Port of New Orleans (Port NOLA) in 2018.The official tally - 1,182,111 - marked a 2.3 percent increase from 2017 and the fifth consecutive year of hitting the coveted 1 million passenger mark at the port's cruise terminal facilities.A 23 percent surge in guests taking Mississippi River cruises helped buoy the total, with new and larger ships set to sail from New Orleans both in the Caribbean and on the River in 2019.“Port NOLA’s success is due in large part to the hard work of the stevedores…

 Pic: The Port of New Orleans

Port NOLA Sets Container Record in 2018

The Port of New Orleans (Port NOLA) moved more containers in 2018 than at any time in its history, totaling 591,253 twenty-foot equivalent units (TEUs), up 12.3 percent compared to one year ago.The deep-draft multipurpose port at the center of the world's busiest port system -- Louisiana's Lower Mississippi River said in a press release that the record marks the fifth year in a row Port NOLA has surpassed the half million TEU-mark at its Napoleon Avenue Container Terminal, which…

Pic: Seacor Marine

Seacor Marine Acquires Three Fast Support Vessels

U.S. offshore vessel owner Seacor Marine  has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The provider of global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification.As part of the transaction, this pooling agreement was terminated.

© Robert Coy / Adobe Stock

US Oil Export Boom Sparks Battle to Build Texas Ports

Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years.Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state's first deepwater port.Commodities trader Trafigura has taken an early lead with a planned offshore facility that has an easier…

File Image (AdobeStock / © Taras)

Coast Guard Proposes Annual Great Lakes Pilotage Increase

“When somebody says it’s not about the money, it’s about the money.” – H.L. Mencken, American journalist and essayist, 1880-1956.This report is about Great Lakes pilotage rates. It’s all about the money. In fact, it’s hard to find someone who even suggests that it’s not about the money.For fifty or so Great Lakes pilots, it’s about cold hard cash: now. For others, say, vessel owners, it’s about wasted resources, about lost chances for a more efficient and sustainable system; “opportunity costs,” as economists like to say.

Arnold B. Baker (left), Chairman of the Board of Commissioners of the Port of New Orleans, poses with Laney J. Chouest (right), Past-Chairman of the Board. 

Credit: Port of New Orleans

Port NOLA: Board Elects Baker as Chairman

The Board of Commissioners of the Port of New Orleans selected a new Executive Committee with the election of Arnold B. Baker as Chairman, Tara C. Hernandez as Vice Chair and Darryl D. Berger as Secretary-Treasurer during the Dec. 20 monthly Board meeting. Baker joined the Board in April 2015 when he was appointed by former Gov. Bobby Jindal. He succeeds Laney J. Chouest whose term as Chairman expired this month. Chouest will continue to serve as a commissioner until his five-year term ends in June 2019.Baker…

Image of LNG carrier to be built by NYK Line

NYK in Charter Agreement with Mitsubishi

Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed long-term contracts with Diamond Gas International Pte. Ltd. (DGI), a wholly owned subsidiary of Mitsubishi Corporation (MC) located in Singapore, for DGI to charter from NYK three newly built liquefied natural gas (LNG) carriers.Previously, NYK concluded long-term time-charter contracts for three new LNG vessels for MC’s Cameron LNG project, so these most recent contracts bring the total to six carriers for MC.The NYK Group will be responsible for ship management for the three ordered LNG carriers…

Pearl Harbor Remembrance Day: Jones Act Dredgers, America at its Best

The U.S.-Flag dredging industry commemorates the 77th anniversary of the Japanese air raid on the United States Naval Base at Pearl Harbor highlighting the critical need for a robust American shipbuilding capacity to ensure for the preparedness of the nation.“Today our brothers and sisters of the U.S Merchant Marine look to the past sacrifices made by 2,403 U.S. servicemen who died in the attacks on Pearl Harbor. We honor the members of the U.S. Armed Services,” said William P.

Cheniere has been a leader in U.S. LNG terminal evelopment. This file image (CREDIT: Cheniere) shows its Sabine Pass Operations.

Vessel arrives at Cheniere's Corpus Christi LNG Plant

A liquefied natural gas (LNG) vessel, the Maria Energy, arrived at Cheniere Energy Inc's $15 billion Corpus Christi LNG export facility in Texas on Saturday, according to Reuters vessel tracking data.This is the second vessel to visit Corpus since Cheniere started producing LNG in November at the plant's first liquefaction train, a building-sized unit used to cool natural gas into LNG. It could be the first vessel to pick up a cargo there.Cheniere said the first vessel, LNG Golar Tundra, did not pick up LNG.

Pic: Sempra Energy

Sempra Energy Signs New Mexican LNG Terminal

Sempra Energy, the US group that aims to build a liquefied natural gas (LNG) export facility near Ensenada, Mexico, to serve customers in Asia moved closer to becoming reality as the natural gas utilities holding company  announced agreements with three international firms.The San Diego-based company announced in a press release that  that its subsidiaries Infraestructura Energetica Nova  (IEnova) and Sempra LNG & Midstream have signed three Heads of Agreements (HOAs) with affiliates of Total, Mitsui & Co. and Tokyo Gas Co.

(Image: Driftwood LNG)

Tellurian to Start Building LNG Export Plant in 2019

U.S. liquefied natural gas company Tellurian Inc said on Wednesday it expects to start construction on its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.Chief Executive Meg Gentle said in the company's third-quarter earnings that Tellurian will announce partners in the $27.5 billion project by the end of 2018.Driftwood is one of dozens LNG export projects under development in the United States seeking customers so they can start construction and enter service over the next decade to meet growing global demand for the fuel.U.S.

File Image: A VLCC loads crude oil in the port of Corpus Christi, Texas (Credit: the Port of corpus Christi)

Magellan Bids to Build U.S. GoM Oil Export Terminal

Magellan Midstream Partners LP on Thursday became the latest company to join a crowded group looking to build an oil export terminal on the U.S. Gulf Coast designed to load supertankers.U.S. oil exports are expanding rapidly, but volumes are constrained because the country's shores have limited capability to load giant vessels that can carry about 2 million barrels of crude oil.Numerous companies - including private equity firm Carlyle Group and commodities merchant Trafigura…

File Image / AdobeStock / © Lidian Neeleman

U.S. Soybean Cargo Diverts from China Destination

A vessel carrying soybeans from the United States to China changed its destination to South Korea on Thursday, shipping data showed, amid a trade war that has decimated U.S. shipments of the commodity to the world's top oilseed importer.The Star Laura, carrying 36,000 tonnes of American soybeans loaded in Seattle in late September, was due to arrive in the eastern Chinese port of Qingdao on Wednesday, according to shipping data on Refinitiv Eikon.The U.S. Department of Agriculture said in mid-October that the size of the cargo was 69…

Image: BP

BP Completes $10.5-billion BHP Billiton Acquisition

London-based BP Plc BP has completed the $10.5-billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio, in a move that upgrades and repositions its American onshore business.The portfolio includes assets in the highly-prized Permian-Delaware basin in Texas, along with two premium positions in the Eagle Ford and Haynesville basins in Texas and Louisiana (see map, below).The assets currently produce 190…

Dredging Completed on the Vinton Navigation Channel

Port of Vinton officials announced  that dredging operations near the mouth of the Vinton Navigation Channel has been completed.Magnolia Dredging of Mandeville, La., was the contractor on the $1.098 million maintenance dredging project that removed more than 21,400 cubic yards of spoils over a 24-week period. The southernmost portion of the channel where it enters into the Gulf Intracoastal Waterway was returned to an elevation of minus-10.5 feet, and the spoils were relocated…

Pic: Port Corpus Christi

POTAC Signs Dock Usage Pact with Port of Corpus Christi

POTAC (Pin Oak) announced the execution of a ten year exclusive use agreement for Suezmax vessels at Public Oil Dock 14 with the Port of Corpus Christi, including extension options, exercisable by the Company, which could extend the agreement for up to an additional ten years.In addition to Suezmax vessels, Pin Oak will be able to efficiently load / unload Aframax, Panamax, and other smaller vessels and barges. This agreement follows the commencement of construction on Pin Oak's nine pipelines crossing under the Corpus Christi Ship Channel…