Tanker rates to ship liquefied natural gas (LNG) have more than doubled since the start of the month as a power crisis in Asia and Europe drives up demand for vessels, industry sources said on Tuesday.The daily charter rate for a tri-fuel diesel-electric (TFDE) vessel that can carry 160,000 cubic meters of LNG to Pacific basin ports rose to $202,500 a day on Tuesday, the highest since Jan.
The company that operates the pipeline that spilled an estimated 3,000 barrels of oil into the Pacific Ocean off California has an 800-page manual on handling an oil spill - but it is unclear whether its employees followed those procedures.Houston-based Amplify Energy Corp and several state and federal regulatory agencies have provided differing accounts of what happened on Oct.
A section of the oil pipeline that burst off the Southern California coast was displaced 105 feet (32 meters) across the ocean floor, officials said on Tuesday, fueling speculation that a ship's anchor may have caused the environmental disaster.The revelation came as the U.S. Coast Guard and drilling company Amplify Energy Corp came under further scrutiny about the time it took to respond to the
More oil from a massive offshore spill landed on the southern California shore on Monday, with beaches closed and dead fish and birds washing up on shore as officials investigated whether a ship anchor striking a pipeline could have triggered the leak.Crews dressed in white coveralls and helmets raced against an approaching storm as they cleaned damage from 3,000 barrels (126
Hurricane Ida made landfall in Louisiana on Sunday as an extremely dangerous Category 4 storm, forcing those who did not flee to brace themselves for the toughest test yet of the billions of dollars spent on levee upgrades following Hurricane Katrina 16 years ago.Ida came ashore near Port Fourchon, Louisiana, at 11:55 a.m. CDT (16:55 GMT), the National Hurricane Center (NHC) said.
Union Pacific Corp container shipments from U.S. West Coast seaports to one of the railroad's major hubs in Chicago will restart early next week after a seven-day suspension, Chief Executive Lance Fritz told Reuters on Thursday.The railroad on Sunday night paused cargo shipments from the ports of Los Angeles, Long Beach
A tanker carrying around one million barrels of oil products was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, China's Shandong Maritime Safety Administration and tanker representatives said on Tuesday.The collision involving anchored Liberia-flagged tanker A Symphony and the Sea Justice took place at 0850 local time (0050 GMT)
The Suez Canal stepped up efforts on Friday to free a giant container ship blocking the vital trade waterway that has sent shipping rates for oil product tankers soaring and disrupted the global supply chains for everything from grains to baby clothes.Shipping rates for oil product tankers have nearly doubled after the 400 meter long Ever Given, almost as long as the Empire State Building is high
The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement.
President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies as he pursues green policies in stark contrast to those of his predecessor Donald Trump.The orders map out the direction for the Democratic president's climate change and environmental agenda and mark a reversal
Two liquefied natural gas (LNG) tankers that had initially signaled they would load at Royal Dutch Shell's Prelude floating LNG facility in Australia have diverted elsewhere, ship-tracking data showed on Tuesday.This comes just a week after Shell said that Prelude would resume loading cargoes after production had been suspended for nearly a year following an electrical trip.
Freezing temperatures across Asia and Europe are driving liquefied natural gas (LNG) prices to record highs and pushing up the cost of shipping the fuel globally as buyers grapple with tight inventories and a shortage of tankers.Demand for super-cooled natural gas has surged in recent years as buyers, particularly China and India, move away from dirtier coal-polluting power plants.