Houston Channel Reopened After Spill

By Reuters 2015-07-28 11:26:11

A portion of the Houston Ship Channel was closed to vessel traffic briefly to allow cleanup of a small diesel fuel spill, the U.S. Coast Guard said.

The shutdown, which lasted about two hours, of the biggest petrochemical port in the United States blocked traffic to and from three Houston-area refineries, with a combined crude oil intake of 463,776 barrels per day (bpd), as well as Kinder Morgan Inc’s massive Galena Park terminal complex.

The spill, estimated at about 31 barrels of diesel fuel, occurred in Greens Bayou, a waterway that feeds into the ship channel, Coast Guard Petty Officer 1st Class Andrew Kendrick said. South Central Cement, a cement contractor along Greens Bayou, reported the spill, which likely involved an overfilled supply tank, he said.

The spill flowed south to where Greens Bayou meets the ship channel, spurring the Coast Guard to close that area to capture the diesel, Kendrick said.

The three refineries to which traffic may have been interrupted are LyondellBasell’s 263,776 bpd plant and Valero Energy Corp’s 100,000 bpd plant, both in Houston, and Petrobras’ 100,000 bpd plant in Pasadena, Texas.

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Profit sharing boosts Navios Midstream

Angeliki Frangou-led VLCC owner Navios Midstream Partners has reported strong profits in its latest quarter and cited increased chartering activity in the market.
NYSE-listed Navios Midstream posted net income of USD5.4 million and adjusted net income of USD7.1 million for 2Q15. The partnership was
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Singapore LNG Bunkering for Future Fleets

By MarEx 2015-07-28 11:16:47

The Singapore Maritime and Port Authority is soliciting Requests for Proposal (RFP) for LNG bunkering licenses. Singapore is today the world’s leading fuel bunkering hub and it is positioning for the world’s next-generation fleet that will move away from fossil fuels into natural gas fuels.

RFP candidates will detail end-to-end LNG bunkering supply solutions and present supply and delivery models. Successful applicants of the RFP will begin LNG bunkering in early 2017.

Singapore aims to accommodate all vessels operating on LNG fuel by 2020 and by issuing bunker supply licenses today it will position the Singapore Maritime as an LNG hub. Singapore currently sells about 3.5 million tons of marine fuel each month.

The RFP deadline is September 30 for interested parties to submit their proposals.

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Older VLCCs lead price recovery

Prices for older secondhand vessels in the VLCC market are rising faster than for younger ones, while newbuildings are unlikely to see any increase in the near future, according to shipping analysts at DNB Markets in Oslo.
The price of a five-year-old VLCC had risen to USD84 million, while a
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MOL sets up barge terminal in Bangkok

Japan’s Mitsui OSK Lines (MOL) is setting up a barge terminal operation company in Bangkok aimed at moving goods more speedily and efficiently, it announced today (28 July).
Bangkok Barge Terminal Company will be a joint venture with local Thai company SahaThai Terminal and is due to start
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