Neptune Acquires Interests in Offshore Indonesia
Neptune Energy East Sepinggan, subsidiary of the European exploration and production company Neptune Energy has agreed to acquire interests from the Eni East Sepinggan Limited, a unit of Eni in the Kutei basin production sharing contracts (PSC) offshore Indonesia.According to a press release from the Italian multinational oil and gas company, it will continue to be the Operator of the area which is located in the East Sepinggan area, offshore East Kalimantan in Indonesia, and includes Merakes development and Merakes East discovery.
CONTAINER PORTS: Boxed in or Busting Out?
Benchmarking the Nation’s top container ports in 2018 and looking ahead to what comes next.The nation’s major ports finished 2018 and began 2019 setting monthly and yearly container volume records, but agitated trade activity in the White House raised questions about what corrections would be permanent and which would not.President Donald Trump said on Febuary 24 he is delaying the scheduled March 1 increase in the tariffs on $200 billion in Chinese imports. The president said on Twitter he wants to give negotiators more time to reach a comprehensive trade deal with Beijing.
Indiana Ports Receive USDOT Recognition
The Ports of Indiana has received recognition from United States Secretary of Transportation Elaine L. Chao for its leadership role in the development and advancement of the Marine Highway M-35/M-70 Container-on-Barge Service on the Ohio and Upper Mississippi Rivers.This project is a new container-on-barge service being developed by members of Inland Rivers, Ports & Terminals Association (IRPT), including Port of Indiana-Mount Vernon, along the inland river system connecting ports and terminals on the Ohio River and the Upper Mississippi River…
Cosco Shipping Ports Buys Stake in Beibu Gulf Port
Hong Kong-based Cosco Shipping Ports has purchased a 4.34% stake in Shenzhen-listed Beibu Gulf Port Co for a total consideration of approximately RMB 470 million (USD 68 mln)."By subscribing the shares, Cosco Shipping Ports aim to further strengthen the cooperation with Beibu Gulf Port, and lay a foundation for the Company to participate in the integration of Guangxi ports. At present, Cosco Shipping Ports teams up with Beibu Gulf Port in operating Qinzhou International Container Terminal Co.…
Port Houston Reports Strong Q1 2018
Year-to-date total tonnage for Port Houston through March is at 9.7 million, reflecting a 2 percent increase compared to the same period last year. Results showed that bulk material and steel were the primary drivers for the growth. “We continue to see positive activity for all sectors of business through Port Houston facilities,” Port Houston Executive Director Roger Guenther said Monday to the Port Commission of the Port of Houston Authority during the April meeting. Cargo showed year-to-date increases across all major lines.
St. Louis, Plaquemines Ports Ink MoU for Mississippi River Cooperation
St. Louis Regional Freightway, Port of Plaquemines and St. Louis Regional Ports Sign Agreement to Foster Economic Growth on the Mississippi River. The pact will help support development of a new transportation link for cargo to move along the Mississippi River. The St. Louis Regional Freightway, Plaquemines Port Harbor & Terminal District located in the State of Louisiana and four ports in the St. Understanding (MOU) to establish and grow an alliance to generate new business by promoting international and inland trade routes at strategic locations along the Mississippi River.
Port of Long Beach: The Green Port
There are two kinds of green. At Long Beach, the commitment to environmental progress remains at the forefront of the port’s business plan. That’s just smart business. A March 2017 visit to the Port of Long Beach provided a close-up view of one of America’s premier seaports. Most stakeholders already know that the port is a major gateway for containerized traffic and a host of other goods and commodities on the U.S. West Coast. That’s not news. Neither is the fact that $180 billion in total trade annually moves through the nation’s second-busiest seaport.
Op/Ed: Trump's Infrastructure Plan Should Include Inland Waterways
Bryan Day, executive director of the Little Rock Port Authority, weighs in on President Donald Trump’s proposed infrastructure plan, calling for U.S. policymakers to consider inland waterways and ports in America’s infrastructure plan. President Donald Trump and members of Congress continue to discuss plans for a major infrastructure spending plan for our country. With calls from leaders from across the country, members of the federal government are coming together to embrace the importance of maintaining America’s infrastructure.
Seaway Ties Record for Longest Navigation Season
After opening the 2016 season on March 21, the St. Lawrence Seaway closed on December 31, enjoying a navigation season of 286 days. This performance ties the record first established in 2008 and matched in 2013 for the longest navigation season. The St. Lawrence Seaway Management Corporation recorded a total of 35 million tonnes of cargo transiting the Seaway’s locks in 2016. Grain movements posted a strong performance for a third consecutive season, contributing 11 million tonnes of the total and continuing to track well above the five-year average.
Master & Commander: Capt. Ted Bernhard
From a boy who wanted to be a swashbuckler like Errol Flynn to a Maine Maritime graduate to hopping aboard a grain ship bound for Egypt, Captain Theodore “Ted” Bernhard has led a quintessential maritime life. A ship driver with 37 years of maritime experience, Bernhard has spent half of his adult life at sea, the last 20 years on containerships with Matson, the ubiquitous U.S. commercial maritime presence in the Pacific Ocean. Life at sea in 1979 – with no cell phones, no internet and no email – was fairly different than it is today, but was it better? Was it worse?
MARAD’s Jaenichen to Keynote Indiana Logistics Summit
he United States’ top-ranking maritime official will deliver the breakfast keynote presentation during the Indiana Logistics Summit set to take place November 16-17 at the Indiana Convention Center. On November 17, U.S. Maritime Administrator Paul "Chip" Jaenichen will discuss new opportunities for maritime shipping to help resolve gridlock on U.S. highways and to create new economic opportunities. Jaenichen joined the U.S. Maritime Administration (MARAD), an agency of the U.S.
Port of New Orleans Board Elects Kearney as Chairman
The Board of Commissioners of the Port of New Orleans has elected Mr. Michael W. Kearney chairman. Mr. Kearney represents Orleans Parish and joined the Board in December of 2012 when he was appointed by former Gov. Bobby Jindal. He succeeds Mr. William T. Bergeron, whose term as chairman expired this month. Mr. Bergeron will continue to serve as a commissioner. In addition, the Board elected Mr. Robert R. Barkerding vice chairman and Mr. Laney T. Chouest secretary-treasurer. Mr.
TSA Boosts Maritime Security in a Big Way
Though most visible to the general public for its work at America’s airports, the U.S. Transportation Security Administration (TSA) also helps to secure the country’s transportation network in a number of other ways, including assisting the U.S. Coast Guard in securing the nation’s critical maritime facilities, structures, systems, assets and services. America’s vast marine transportation system encompasses some 25,000 miles of navigable waterways, the Great Lakes and St. Lawrence Seaway…
Transportation Industry to Focus on Freight Infrastructure
The Port of Houston Authority and Port Corpus Christi, in conjunction with the American Association of Port Authorities (AAPA), will hold separate freight industry “Influencers Roundtables” on Aug. 17 (at the Port of Houston Authority) and Aug. 18 (at Port Corpus Christi), followed each day by a tour of that port. Titled, “Freight: Keep it Moving,” the two port forums will bring together key thought-leaders throughout the transportation industry to explore critical issues facing U.S. seaports and discuss the increasing strain on the nation’s freight transportation infrastructure.
Metal Shark tapped to build new NYC Ferries
Metal Shark was selected by HNY Ferry Fleet, LLC (a Hornblower company), operator of New York City’s Citywide Ferry Service, to build 26-m149-passenger aluminum high-speed ferries. Metal Shark will produce a series of ferries at its Franklin, Louisiana shipyard, a 25-acre waterfront facility which recently received a Small Shipyard Grant from the United States Department of Transportation’s Maritime Administration (MARAD) to expand its facilities and shipbuilding capabilities.
US Ports Planning Big Investments -Survey
Survey shows U.S. In its just-released 2016-2020 Port Planned Infrastructure Investment Survey, the American Association of Port Authorities (AAPA) asked its U.S. member ports how much they and their private-sector partners plan to spend on port-related freight and passenger infrastructure over the next five years. The answer was a whopping $154.8 billion. AAPA then contrasted that number with what it believes is the “best-case” scenario for investments by the federal government into U.S. ports, including their land- and water-side connections, through 2020.
18 New Ferries Needed for New NYC Ferry Service
New York City Mayor Bill de Blasio announced that the Citywide Ferry Service is on track to launch in 2017, with the selection of Hornblower, Inc. as its operator. The new service, which will include up to 20 boats and connect 21 New York City eighborhoods for the price of a single subway ride ($2.75) is scheduled to be fully operational by 2018, and is estimated to carry 4.6 million trips per year across six routes. “For the price of a single subway ride, tens-of-thousands of New Yorkers are going to have a new public transit option linking them to jobs…
U.S. Seaports: Cargo Volumes Rise 3.1%
Seaports are seeing a steady rise in waterborne cargo volumes according to new numbers from U.S. Army Corps of Engineer’s report. Overall, 2014 freight tonnages increased 3.1 percent over 2013 totals. The Corps of Engineers’ Waterborne Commerce Statistics Center tracks the commercial movement of U.S. foreign and domestic cargo and vessels. Based on the Corps’ new report, the American Association of Port Authorities (AAPA) – the unified and recognized voice of America’s seaports - said that while volume of goods moving through U.S.
AAPA Welcomes FAST Act
President Obama is today, expected to sign a five-year, $305 billion transportation reauthorization bill that Congress overwhelmingly passed yesterday which includes $11 billion in new freight funding grants and programs and other top priorities among America’s seaports. The Fixing America's Surface Transportation (FAST) Act (H.R. 22) is the first long-term transportation bill in 10 years, and the first ever to make freight a priority and significantly focus on port eligibility throughout the U.S. Department of Transportation’s (USDOT) funding and planning programs.
UPS Plans $184 Mln Facility at London Gateway
UPS announced plans to construct a new 32,000-square-meter package sorting and delivery facility at the DP World London Gateway logistics site in the south east of England. At close to $184 million, this project constitutes one of UPS’s largest infrastructure investments outside of the United States in the company’s history. Luis Arriaga, Managing Director for UK, Ireland & Nordics, said: “This construction reaffirms UPS’s commitment to the UK and our confidence in its economy. “It is part of our nearly $2 billion in infrastructure investments across Europe over the next five years.
TOTE’s 2nd LNG Containership Launched
Shipping company TOTE and shipbuilder NASSCO on Saturday launched Perla del Caribe, the second of two Marlin Class ships – the first containerships in the world to be powered by natural gas. The christening and launch ceremony took place at General Dynamics NASSCO’s shipyard in San Diego. The 764-foot-long Perla del Caribe and sister ship, christened Isla Bella, are Jones Act vessels built for the Puerto Rican trade for TOTE Shipholdings and will be operated by TOTE subsidiary Sea Star Line out of Jacksonville, Fla.
Maritime Experts to Debate Coastal Shipping, IWT Prospects
The opportunities and challenges faced by India’s coastal shipping industry as the country strives for a more optimal modal mix among various modes of transport will top the agenda at the upcoming 3rd edition of Coastal Shipping and IWT Business Forum 2015 which takes place at the Marriott Hotel, Kochi, Kerala on 7 August. The Business Forum comes in the backdrop of a renewed thrust given to the fledgling sector by the Narendra Modi government that came to power last year. Investor-friendly policies are being framed by the shipping ministry led by Nitin Gadkari to revive coastal shipping.
Western Port Industry Leaders to Meet
Port authority CEOs and senior staff from throughout the Western Hemisphere, along with maritime industry leaders, influencers and policymakers are expected to converge on Washington, D.C., April 20-21, to attend the 2015 Spring Conference of the American Association of Port Authorities (AAPA) – the collective and recognized voice of seaports in the Americas. The annual event will feature discussions on the energy industry, cybersecurity, port cooperation, economic impacts, infrastructure funding…
Long Beach, LA Collaborate to Improve Cargo Flow
Executives from the ports of Long Beach and Los Angeles held a kickoff meeting earlier this week to begin working together to focus on cargo conveyance strategies that will enhance velocity and efficiency throughout their gateway’s supply chain. In their first meeting under the formal discussion agreement recently approved by the Federal Maritime Commission, ranking staff of the two San Pedro Bay ports — the busiest seaport complex in the United States — agreed that the primary goal of the collaboration is to get cargo moving more efficiently.
Shuster Returns as Transport and Infrastructure Chairman
U.S. Rep. Bill Shuster (R-Pa.) was selected today by the House Republican Conference to serve again as Chairman of the U.S. House Committee on Transportation and Infrastructure, one of the largest committees in Congress. “I am honored that my colleagues have selected me to return as Chairman of the Transportation and Infrastructure Committee for the 114th Congress,” Shuster said. “During the last two years, this committee worked in an inclusive manner to develop and pass initiatives to strengthen America’s infrastructure…
Port of Seattle Preparing for the Future
The goods we transport are the lifeblood of our economy. So as our nation moves freight into and out of the country, we depend on the efficiency of our ports and port facilities to keep that freight –and our economy— moving. One of the key pieces in the freight puzzle is the challenge of the first and last miles, the transfer of goods between the container ships that tie up in our ports and the network of fast-moving rail and highway arteries that web our nation. Yesterday at the Port of Seattle…