China more than halved the volume of export quotas for refined fuel, predominantly gasoline, diesel and aviation fuel, under the first allotment for 2022, while raising the allowances for low-sulphur fuel oil by 30%, industry sources said on Tuesday.The deep cuts to refined fuel, largely expected by the market
Jeffersonville, Ind.-based barging company American Commercial Barge Line (ACBL) said it has been cleared of any fault related to the 2008 Mel Oliver collision and resulting oil spill on the Mississippi River.The announcement comes after more than 13 years of legal proceedings and is the result of a settlement agreement reached on November 18, 2021, with the U.S.
The $1 trillion infrastructure package headed to President Joe Biden to sign into law will provide a welcome funding injection for America’s inland waterway infrastructure.The bipartisan Infrastructure Investment and Jobs Act was approved by Congress on November 6 and is expected to be signed by President Biden next week.
Offshore drilling contractor Noble Corporation has sent a force majeure notice to its client Shell over the Noble Globetrotter II drillship contract after the rig was damaged earlier this week in the U.S. Gulf of Mexico in severe weather during Hurricane Ida. The 2013-built ultra-deepwater drillship has a contract with Shell lasting until early September 2023 at a flexible day rate of at least
Widespread flooding from Hurricane Ida and power outages slowed efforts on Tuesday by energy firms to assess damages at oil production facilities, ports, and refineries.Nearly all of Louisiana lost electrical power on Monday after one of the most powerful hurricanes to hit the region downed transmission lines and flooded communities.
A bridge team’s lack of effective monitoring of their position while at anchor led to a cargo ship colliding with an anchored bulk carrier and striking a chemical dock on the Lower Mississippi River near New Orleans, according to a National Transportation Safety Board Marine Accident Brief released Thursday.
Elon Musk, a billionaire behind the SpaceX company, on Friday tweeted a video of a new Space X vessel named A Shortfall of Gravitas.SpaceX, or Space Exploration Technologies Corp, was founded by Musk back in 2002 to cut space transportation costs and eventually enable the colonization of Mars. It designs, manufactures and launches advanced rockets and spacecraft.
Chevron Corp and Occidental Petroleum Corp said on Thursday they were withdrawing staff and implementing storm precautions at their U.S. Gulf of Mexico offshore facilities ahead of a brewing tropical storm.A weather disturbance over the Gulf of Mexico could become a tropical storm by Friday and take aim at the Louisiana and Mississippi coasts, the U.S. National Weather Service said on Thursday.
The U.S. Coast Guard on Friday lifted its marine traffic restrictions on a section of the lower Mississippi River that has been closed since Tuesday, clearing towboats and barges to resume operations on one of America's busiest and most vital trade arteries.All river traffic came to a halt near Memphis, Tenn.
More than 700 barges are delayed on the lower Mississippi River on Thursday after a structural crack in the Hernando de Soto Bridge prompted the U.S. Coast Guard to halt vessel traffic on a portion of the crucial trade artery.The Coast Guard restricted all vessel traffic between mile markers 736 and 737 on the Mississippi River near Memphis after the Arkansas Department of Transportation (ARDOT)
Towing vessels and barges are lining up near Memphis, Tenn. after a significant structural crack discovered on the I-40 Hernando de Soto Bridge bridge led the U.S. Coast Guard to halt vessel traffic in the area.At least 16 vessels with a total of 229 barges are waiting to transit in either direction after vessel traffic was restricted between mile markers 736 and 737 on the Lower Mississippi
Memphis, Tenn.-based Southern Towing Company (STC) said Tuesday it has acquired family-owned Devall Towing, in a deal that expands STC’s towing operations into specialty chemical products.Headquartered in Sulphur, La., Devall is a towboat and barge operator for specialty chemicals along the Gulf Intracoastal Waterway and Lower Mississippi River, operating 36 towboats and 125 liquid tank barges.