Much has been written in recent years about the potential impact of upcoming US LNG exports. Market analysts have pondered the likely effect on domestic US natural gas prices, gas production rates, domestic employment, GDP and even consumption by related petrochemical and agricultural industries. On the global stage, many expect that at current price levels US gas could flood the European and South American markets, pushing Atlantic Basin gas prices to new lows.
Archive for the ‘shipping’ Category
By J Robinson | June 16, 2015 12:01 AM Comments (0)
By Brian Scheid | March 16, 2015 12:01 AM Comments (0)
By Janet McGurty | October 6, 2014 12:01 AM Comments (0)
By Brian Scheid | October 3, 2014 01:48 PM Comments (4)
US crude oil exports appear to be the next big energy policy battle, but could a rift between East Coast refiners and US producers, as well as a historic shift in US export rules, be avoided with a limited, temporary waiver to a century-old shipping law?
Perhaps because they want to avoid a prolonged dispute within their own industry, some US refining interests have floated the idea. Some within the industry see a temporary waiver to the Jones Act as a feasible compromise on weakening the current export regime.
By Matt Kohlman | September 30, 2014 11:37 AM Comments (1)
New York jet fuel prices spiked from mid-July through August, and new data gives more insight why. Blame Canada.
Canada may be sending everything from comedians and crude into the US. But in July, it took in a good bit of US jet fuel, mostly out of New York.
By Herman Wang | September 30, 2014 04:47 AM Comments (0)
For two months now, the United Kalavrvta tanker holding 1 million barrels of Kurdish crude has idled in international waters off the coast of Galveston, Texas, awaiting a District Court ruling on whether the oil will be allowed to be sold in the US.
But if the Kurdistan Regional Government is hoping that the Obama administration will soften its stance in opposition to Kurdish oil exports, that doesn’t appear likely, even as the US seeks to aid the Kurdish peshmerga in their fight against the Islamic jihadist group IS.
By Ramthan Hussain | September 22, 2014 03:42 AM Comments (0)
Growing natural gas liquids production spurred by the US shale gas boom has stoked interest in new classes of ships to move ethane and LPG across oceans: very large ethane carriers and ultra large gas carriers.
The first VLEC orders have been placed and could keep shipyards busy for years, even as more are built to move cheap US ethane to Asia and Europe. But the time for ULGCs is yet to come.
After years of uncertainty because of economics, paltry demand and ballooning supply, the future is looking bright for ethane as appetite emerges in Europe and Asia, and with it the need for longer-haul and larger vessels.
By John-Laurent Tronche | September 19, 2014 12:01 AM Comments (2)
The bunker fuel market in the Atlantic Basin is just a bit more than 100 days away from the next shift in the sulfur emissions cap on ships traveling within 200 miles of shore in North America and North West Europe, a designated Emissions Control Area. And some of its impact on costs is starting to show up.
After several months of vague rumblings about higher costs, we’re beginning to see a clearer picture of just how much more shippers expect to pay to comply with this stricter rule. MSC on Monday became what we believe is the third company to announce per-container surcharges intended to offset its expected higher fuel bills come January.
By Brian Scheid | September 3, 2014 10:49 AM Comments (0)
Shortly after she was named chairman of the powerful Senate Energy and Natural Resources Committee earlier this year, Senator Mary Landrieu, a Louisiana Democrat, held a press conference to stress her strong support for the Jones Act.
“The Jones Act is a jobs act, pure and simple,” Landrieu said of the nearly 100-year-old law which requires all vessels shipping cargo between two US locations to be US built, majority US-owned and at least 75% of the crew to be US citizens.
Surrounded by shipping industry representatives, Landrieu criticized the Obama administration for attempts to weaken the act’s purpose. “Waiving the Jones Act literally hands over work to foreign shippers,” she said.
Perhaps most surprising about the press conference, one of the few Capitol Hill press events Landrieu has hosted since taking helm of the energy committee, is that it was not in response to new legislation aimed at weakening the Jones Act, nor was it in response to another potential waiver to the act.