Lack of Oversight Impacts U.S. Fishing Industry

U.S. President Donald Trump’s regulatory freeze has injected chaos and uncertainty into a number of lucrative American fisheries, raising the risk of a delayed start to the fishing season for some East Coast cod and haddock fleets and leading to overfishing of Atlantic bluefin tuna, according to Reuters interviews with industry groups and federal government employees.America’s $320 billion fishing industry relies on a branch of the federal government, the National Oceanic and Atmospheric Administration, to manage coastal fisheries.
Canada Crude Tanker Exports Up 59%

“Year-to-date, Canadian crude tanker exports have reached 618 thousand barrels per day (kbpd) up from 388 kbpd during the same period last year, an increase of 59%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.When the Trans Mountain Pipeline extension opened on 1 May 2024 its capacity grew from 300 kbpd to 890 kbpd. Consequently, exports from Vancouver increased significantly starting in June.So far this year, the Vancouver exports have reached 373 kbpd to contribute 60% of total Canadian crude tanker exports.
Trump Hopes to Ship Alaskan Gas to Asia

When President Donald Trump sat down to lunch with his Japanese counterpart this month, talk turned quickly to how Tokyo could help realize a decades-old proposal to unlock gas in Alaska and ship it to U.S. allies in Asia.Trump and his energy tsar Doug Burgum framed the venture as a way for Japan to replace Middle East energy shipments and address its trade imbalance with the U.S., according to two officials briefed on the closed-door talks.Japanese premier Shigeru Ishiba - eager to ensure a positive first meeting and stave off damaging U.S.
Trump's Tariffs a Boost for European and Asian Refiners

U.S. President Donald Trump's trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market participants told Reuters.Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address a national emergency over fentanyl and illegal aliens entering the U.S., White House officials said. Energy products from Canada will have only a 10% duty…
Sanmar Starts 2025 with Order from Ultratug Mexico

Sanmar has signed its first contract of 2025, an order for one of its Boğaçay Series tugboats to Ultratug Mexico, which operates at Lazaro Cardenas Port on Mexico’s Pacific coast.Ultratug, headquartered in Santiago, Chile, is one of the leading operators in the harbor towage, salvage, and offshore industry in the Americas, with over 55 years of experience.Ultratug Mexico has been operating under a long-term contract at Lazaro Cardenas Port since 2017 with a modern and versatile…
Tanker, Tugboat Crews receive 2024 IMO Bravery Award

The 2024 IMO Award for Exceptional Bravery at Sea has been presented to two sets of nominees: the Captain and crew of the oil tanker Marlin Luanda, for containing a fire after the ship was struck by an uncrewed aerial device; and the Captain and crew of the tugboat Pemex Maya, for their rescue of six shipwrecked persons from four different vessels, during a hurricane.They received the medals and certificates during the annual IMO Awards Ceremony, held in London on 2 December 2024.
BOEM Postpones Oregon’s Offshore Wind Lease Sale

The Bureau of Ocean Energy Management (BOEM) has decided to delay the offshore wind energy auction planned for potential lease areas offshore Oregon due to insufficient bidder interest at this time.On August 29, 2024, the Department of the Interior announced the Final Sale Notice (FSN) for offshore wind leasing on the Outer Continental Shelf offshore Oregon following engagement through the Oregon Intergovernmental Renewable Energy Task Force.The FSN set an auction date for October 15…
November Elections an Inflection Point for US Offshore Wind

We are fast approaching a potential inflection point for the U.S. offshore wind industry, the November 2024 elections.On the positive side of the scale, federal and state leases supporting approximately 63 gigawatts (GW) of offshore wind capacity have been awarded to developers on the East Coast, Pacific Coast and Gulf of Mexico. Further, this year the government plans to auction floating wind sites in Oregon and the Gulf of Maine that can potentially support more than 18 GW of capacity before the elections.
Partners to Develop LNG Terminal on Mexico's West Coast

Energy company GFI LNG and energy infrastructure developer Pilot LNG announced a partnership to develop, construct and operate a small-scale liquefied natural gas (LNG) terminal in Salina Cruz, Mexico.The partners said they plan to commence front-end engineering and design (FEED) development for the project this quarter, followed by a 12-18 month development and permitting timeline and anticipated final investment decision (FID) in the second half of 2025.Scheduled to become fully operational between mid-to-late 2027…
Tanker and Tugboat Crews to Receive IMO Bravery Awards

The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.Nominations were initially reviewed by an Assessment Panel and their recommendations were considered by a Panel of Judges, who ultimately selected the recipients of honors.
Trans Mountain Pipeline to load 22 Tankers in Vancouver

Twenty-two oil tankers are scheduled to load this month in Vancouver with crude from the expanded Trans Mountain pipeline, which is running around 80% full with a "little bit" of spot capacity also being used, a Trans Mountain executive said on Wednesday.Speaking with Reuters six weeks after the C$34.2 billion ($24.94 billion) project started commercial operations, Trans Mountain Corp's chief financial and strategy officer Mark Maki said so far the system is operating as expected and final costs for the expansion are not expected to rise significantly.The Trans Mountain expansion…
Developer Seeks Permit to Process US Gas in Mexico

A Mexican energy developer is seeking U.S. permission to export gas to Mexico, turn it into liquefied natural gas (LNG) and send it to countries with U.S. free-trade agreements, its filing with the U.S. Department of Energy showed.Mexico-based Gato Negro Permitium Uno and partners including Houston-based Big River Energy plan to construct four LNG processing plants in Manzanillo on Mexico's Pacific coast to produce up to 4 million tonnes per annum (MTPA) of LNG, the company said.Gato Negro began the Mexican permitting process in June 2022, it said in the May 10 filing.
Nearly $1 Billion Dedicated to US Floating Wind Development

The U.S. departments of Energy (DOE), Interior, Commerce, and Transportation has released a report summarizing their progress toward the goals of the Floating Offshore Wind Shot™, an interagency initiative to drive U.S. leadership in design, deployment, and manufacturing. The report shows that, since the initiative's launch in September 2022, the Biden-Harris administration has dedicated over $950 million in planning, leasing actions, research, development, demonstration, deployment…
Black & Veatch Completes Feasibility Study for Colombia’s New LNG Terminal

Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a liquefied natural gas (LNG) regasification terminal and power plant.The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, and implementation and construction plans.Beginning with a site assessment that focused on the landscape of the area, regulatory restrictions and accessibility, the study…
Worker Dies in Accident at Peru's Chancay Megaport Project

Hong Kong-based Cosco Shipping Ports said on Saturday that a worker died in an early-morning accident at a megaport it is building on Peru's Pacific coast.The worker was doing sanding and painting work at the deepwater Chancay Port Terminal when the accident occurred, the company said in a statement.The company said it was investigating the circumstances of the incident and was coordinating with authorities.Cosco, which began developing Chancay port in 2019 as a hub in the South American Pacific…
Conflict Heating Up Over Cosco's Megaport in Peru

The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru's Pacific coast insisted on Tuesday on terms agreed with the government, as some local officials have sought to backtrack on the deal.Hong Kong-based Cosco Shipping Ports will defend its legal rights to provide services as the exclusive operator of the deepwater Chancay Port Terminal under "terms that were agreed at the beginning of this investment," the firm said in…
Port Constraints for Canada's Trans Mountain Pipeline May Crimp Oil Exports

Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast, traders and shipping sources said.The C$34 billion ($24.82 billion) project to nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day is scheduled to start operating on May 1 after years of regulatory delays and construction setbacks.The extra 590…
SOVs – Analyzing Current, Future Demand Drivers

At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time, allowing them to transfer to structures on integrated heave compensated gangways, by daughter craft or on CTVs. The vessels are also equipped with cranes, storage, and small workshop areas.SOV: Service operations vessels…
Trans Mountain Expects First Ship to Load from Expanded Pipeline in May

The first tanker carrying crude from the expanded Trans Mountain pipeline is expected to load at the Port of Vancouver in the second half of May, the company building the project said on Tuesday.The expanded pipeline, which will carry an extra 600,000 barrels per day of oil from Alberta to Canada's Pacific coast, will begin transporting crude on May 1 with final line fill completed in early May, Trans Mountain Corp said in an email.(Reuters - Reporting by Nia Williams in British Columbia; editing by Jonathan Oatis)
Shipping Companies Turn to Longer-Term Leases as Tanker Supply Tightens

Rising oil tanker chartering rates due to global shipping disruption are forcing oil shippers to take on longer-term shipping charters, executives said this week at an energy conference in Houston.The global oil tanker fleet must now travel further to get crude to refineries and fuel to consumers. European sanctions have forced Russian exporters to send oil to Asia that would have otherwise gone to Europe. Attacks on vessels in the Red Sea have forced some shippers to sail around…
Panama Canal Woes Mean Longer Haul for Many

As low water level continue to plaque the Panama Canal, shipowners and managers are paying the price in the form of longer hauls and higher fuel (and emissions) costs to deliver product to market.In one example, oil tanker Cururo is taking the long way from Houston to Chile: sailing the length of South America's Atlantic coast, across the Strait of Magellan and heading up the Pacific coast before discharging.The voyage could take 32 days and travel more than 10,000 nautical miles (18…
IMRF Announces 2023 SAR Award Winners

The International Maritime Rescue Federation (IMRF) has announced the winners of this year’s IMRF Awards, which recognize all those involved in global maritime search and rescue (SAR) efforts.The IMRF Awards acknowledge those that have shown excellence in their field, developed innovative technology and equipment, or acted as a role model to inspire others. The awards also shine a light on those colleagues who offer the tireless support, training, and planning that enables SAR crews to do what they do…
Panama Canal Extends Transit Restrictions through September 2

The Panama Canal Authority on Wednesday notified shippers it is extending through September 2 restrictions for vessels to transit through the waterway and keeping the number of vessels authorized to pass per day to a maximum of 32.The Canal restrictions, implemented in recent months as the rainy season in Panama has come late this year, could add more pressure on consumer goods prices, according to maritime firms and experts, as delays and extra fees add to shipping costs.The Panama Canal is key for moving consumer goods from Asia to the United States…