Fuel Futures: Diesel Will Spike on IMO2020
New marine fuel rules to boost diesel prices for at least a year -analystsGlobal prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulfur marine fuels, and remain higher for at least a year as refiners shift production to make more of the new fuels, analysts said.Marine fuels containing no more than 0.5% sulfur by weight, down from the 3.5% currently used, to power ocean-going vessels will be required for ships without exhaust scrubbers on Jan.
Marathon Galveston Bay Contractor Feared Drowned
A contractor was feared drowned after falling into the Port of Texas City, Texas, when scaffolding supporting him collapsed at the Marathon Petroleum Corp Galveston Bay refinery dock, a Texas City official said. "Divers are en route to do a body recovery," Derek Duckett, director of emergency management for Texas City, said on Monday. Part of the scaffolding fell at about 11:30 a.m. CDT (1630 GMT) Monday and the worker has not been seen since, Duckett said. "I heard part of the scaffolding fell and he was tied to it," Duckett said.
Marathon Petroleum Senior VP to Retire
Marathon Petroleum Corp. (MPC) announced the retirement of Richard D. Bedell, senior vice president of Refining, effective March 1. Raymond L. Brooks, currently general manager of MPC's Galveston Bay refinery in Texas City, Texas, will replace Bedell. Bedell joined Marathon in 1979 and held numerous positions of increasing responsibility in the company, including serving as general manager of MPC's refineries in Garyville, La., Robinson, Ill., and Texas City. Brooks began his career with MPC in 1983…
MPC Honors Crowley for Tank Vessel Safety
Crowley Maritime Corporation’s petroleum services division has once again been honored by Marathon Petroleum Company (MPC) with its annual Elite Vessel Award, which is given to tank vessel operators who demonstrate commitment to safety, environmental stewardship and operational excellence. To earn the recognition, the five Crowley ATBs chartered by MPC – including the Courage/650-5; Achievement/650-8;Legacy/750-1; Legend/750-2; and Liberty/750-3 – had to meet a series of standards…
Crowley to Christen 3rd LNG-ready Product Tanker
Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity tanker will operate in the U.S. Gulf and is capable of carrying crude oil or refined petroleum products, as well as various other chemical products. Crowley has the option to convert the new tanker to liquefied natural gas (LNG) propulsion in the future…
Crowley Christens Third LNG-ready Product Tanker
Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity MT Louisiana is capable of carrying crude oil or refined petroleum products, as well as other chemical products for U.S. Coastwise trade. The new vessel joins Crowley sister ships, Ohio and Texas, to be the first tankers ever to receive the American Bureau of Shipping’s LNG-Ready Level 1 approval…
Refinery Strike Affects One-Fifth of U.S. Capacity
The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines. Sources familiar with the negotiations said talks may resume by mid-week to end the walkout by 6,550 members of the United Steelworkers union (USW) at 15 plants, including the 12 refineries. Representatives of both sides said no date has been set to restart negotiations, however. The strike comes as U.S. workers seek more pay in a strengthening economy. Wal-Mart Stores Inc has said its U.S.
Refinery Strike Talks Unlikely This Week
Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend. Face-to-face meetings between the United Steelworkers union (USW) and lead refinery owner representative Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, might remain on hold until the second week of March, the sources said. The halt in talks comes after the…
Marathon Petroleum to Buy Hess's Retail Business for $2.87 bln
Refiner Marathon Petroleum Corp said it would buy oil and natural gas company Hess Corp's retail and transport business for $2.87 billion, expanding its network of gas stations and convenience stores along the U.S. East Coast. While Hess has been shedding downstream assets to focus on more profitable shale drilling, the deal offers Marathon a buffer against the volatile refining business by boosting exposure to more stable cash flows from retail. It also provides a guaranteed market for the company's fuel, Marathon's Chief Executive Officer Gary Heminger said on a conference call on Thursday.
Workers at Largest U.S. Refinery OK Deal
More than 700 union workers at the largest U.S. refinery unanimously approved a new contract in a vote at their union hall in Port Arthur, Texas, on Tuesday night, said union officials. The United Steelworkers union (USW) also said workers at three Tesoro Corp refineries on the West Coast were making progress in finalizing contracts. Return-to-work agreements, usually the final step before ratification votes, were under discussion. USW members at the Motiva Enterprises Port Arthur, Texas, refinery walked off their jobs on Feb. 21 as part of the nation's largest refinery strike in 35 years.
USCG Presents William M. Benkert Awards
Vice Commandant of the U.S. Coast Guard (USCG) Vice Adm. Peter Neffenger presented the 2014 Rear Adm. William Benkert Awards at the American Petroleum Institute's (API) annual tanker conference Thursday. The award is given to support and recognize maritime industry efforts for their environmental protection programs. This biennial award was started in 1995 and honors industry leaders in the field of marine safety and environmental protection and provides an opportunity for the Coast Guard to recognize leadership, innovation and creativity found among those members of the maritime industry.
Coast Guard Recognizes Industry's Environmental Excellence
The U.S. Coast Guard announced the award recipients for the 2012 Biennial Rear Admiral William M. Benkert, Marine Environmental Protection Award for Excellence at the American Petroleum Institute Tanker Conference in Orlando, Fla. The winner of the Osprey award went to APL Co. Pte. Ltd. based out of Singapore in the large vessel category. The winners for the Gold award went to AEP River Operations based out of St. Louis and Holland America based out of Seattle in the foreign vessel category.
Crowley Christens Articulated Tug-Barge
Crowley Maritime Corporation christen the 16,000-horsepower tugboat 'Legend' and 330,000-barrel tank barge 750-2 in Tampa, Florida. Together the vessels comprise the company’s newest articulated-tug-barge (ATB) and will be used to transport petroleum products between the U.S. Gulf and East Coasts, making regular port calls in Tampa where Crowley currently discharges nearly 163 million gallons of product each month. The Legend/750-2 is the second of three petroleum tank vessels in its class in terms of size…
Building Unions Return to Kentucky Refinery
Workers represented by the Building Trades Unions will return to Marathon Petroleum Corp's refinery in Catlettsburg, Kentucky on Monday, even as a strike by the United Steelworkers drags into a second week, documents obtained by Reuters show. The USW began a strike Feb. 1 at nine refineries and chemical plants, including Marathon's 240,000 barrel-a-day Kentucky plant. Buildings Trades Unions' workers will not be replacing striking workers' running the plant, according to the letter.
Crowley Christens New ATB Tank Vessel
Crowley Maritime Corporation christened the seventh of 10 new 185,000-barrel Articulated Tug-Barge (ATB) tank vessels that the company will take delivery of in 2010 and 2011. The vessels christened were the tug Pride and barge 650-7. During the ceremonies, which took place at the Port of New Orleans, Cruise terminal #2, Susan Rodgers, Crowley senior vice president of corporate services christened the 10,728 Hp-tug Pride, while Rita McKain, wife of Bradley McKain, manager, terminal, transport and marine for Marathon Petroleum Company, christened the barge 650-7.