Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Panama Canal sets back-to-back-to-back tonnage records

Excerpts from gCaptain:

February is the third-consecutive record-breaking month for the Panama Canal. In December 2016 and January 2017, the waterway set monthly tonnage records after transiting 35.4 million PC/UMS and 36.1 million PC/UMS, respectively.

Approximately 850 Neopanamax vessels have transited the new locks in the first eight months since their inauguration in June 2016, […]

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MARAD and USCG Defend Jones Act in Congressional Hearing

Last week, in a hearing of the House Coast Guard and Maritime Transportation Subcommittee, congressional representatives called for increased funding for the U.S. Coast Guard’s acquisition needs and questioned administrators on the status of America’s merchant fleet.

All present spoke in defense of the Jones Act, America’s cabotage law. Admiral Zukunft emphasized the quality of […]

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Panama Canal gets US grant for LNG terminal study

The Panama Canal Authority (ACP) has announced it has been awarded a grant by the US Trade and Development Agency (USTDA) to support the planning for a LNG import terminal.

When the Panama Canal expansion project is completed next year, the Canal is expected to handle significant LNG tanker traffic. In order to capitalise on […]

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TOTE secures financing for Marlin Class LNG vessels

The US Maritime Administration (MARAD) has announced a US$ 324.6 million loan guarantee for TOTE Shipholdings and Saltchuk Resources for their Marlin Class vessels.

The two new Marlin Class vessels, the world’s first LNG powered containerships, will serve the Puerto Rico trade and will be complete in 2015 and 2016.

This financing is made available […]

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Impact of Panama Canal delays on LNG and coal

From Energy Global:

Research firm Wood Mackenzie expects lengthy delays to the anticipated Panama Canal expansion to impact the coal, liquefied natural gas and petrochemical industries.

Significant disruptions will limit profitability for US LNG producers, create a tighter shipping market and affect the US Gulf Coast petrochemical industry. On the other hand, US coal producers […]

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Kinder Unit and Mitsubishi Team Up

A unit of Kinder Morgan Energy Partners, L.P., Tennessee Gas Pipeline Company, L.L.C., has inked a binding 20-year firm transportation standard agreement with Japan’s Mitsubishi Corporation.

Per the agreement, Mitsubishi will transport 600,000 dekatherms per day of natural gas designated for the planned Cameron LNG liquefaction facility in Hackberry, La. The facility is scheduled to […]

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Will melting Arctic open up LNG shipping lanes?

The Northern Sea Route along Russia’s north coast is projected to be more passable than the Northwest Passage, located above Alaska and Canada, in the short term. But as the decades wear on, both may be feasible for more months out of the year, with a trans-polar route in international waters possibly coming into play […]

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Panama Canal, Vehicle Carriers Discuss Expansion Program

As part of the permanent dialogue with the shipping industry, a Panama Canal Authority (ACP) delegation headed by Administrator Jorge L. Quijano visited South Korea to hold discussions with the vehicle carrier market segment and obtain feedback on the future toll structure being developed by the ACP that will go in effect upon completion of […]

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Oregon rejects challenge to Port of Coos Bay’s multi-purpose cargo slip permit

An Oregon judge has ruled in favor of the Oregon International Port of Coos Bay’s permit for the development of an access channel and multi-purpose vessel slip on the North Spit of lower Coos Bay.

Jordan Cove Energy Project has purchased property and is seeking federal approval to develop a liquefied natural gas export facility, […]

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Japan’s Bid to Enter Trade Talks Opens Route For U.S. LNG

The Energy Department is reviewing 16 applications to build export terminals to ship supplies to countries that don’t have free-trade agreements with the U.S. Among the companies seeking to export gas are Sempra Energy (SRE) of San Diego and Dominion Resources Inc. (D) of Richmond, Virginia. Cheniere Energy Inc. (LNG) has won approval for a […]

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Reshaping Panama Canal Trade Means Boom in U.S. Gas to Asia

Six years after the Panama Canal began a $5.25 billion expansion to capture shipments of Asian-made goods to the U.S. East Coast, the flow of liquefied natural gas in the opposite direction promises to be a better bet.

Shipments of the fuel, along with rising commodity and energy cargoes between the U.S., Latin America and […]

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Gas Pipeline Proposed to Prince Rupert

A further step has been taken toward the possible construction of a liquefied natural gas export terminal at Prince Rupert.

Spectra Energy has announced an agreement with BG Group, which has been talking about the project for some time with the Port of Prince Rupert and others.

The two Texas-based companies are proposing to build […]

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Port of Coos Bay wants to flip from importing to exporting liquefied natural gas

The Port of Coos Bay wants to expand its business by exporting liquefied natural gas. It’s secured the permits to import liquified natural gas, but now wants to be an export hub for it, as well as for the traditional work at the port.

Eight years after initially proposing to build an import terminal for […]

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