The U.S. Coast Guard has partially assumed federal control over the operation to contain an oil dishcarge from the site of MC20 platform in the U.S. Gulf of Mexico that has likely been leaking since the platform toppled back in 2004. The platform, owned by Taylor Energy, LLC, was located in Mississippi Canyon Block 20, […]
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Europeans Sweep Record U.S. Offshore Wind Lease Auction
By Nichola Groom Dec 14 (Reuters) – A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA. The Bureau of Ocean Energy Management (BOEM) announced the sale’s three winners […]
Greece Seizes $113 Million Worth of Drugs from Libya-Bound Ship
ATHENS, Dec 14 (Reuters) – Greece has seized drugs worth more than 100 million euros ($113 million) after intercepting a Syrian ship sailing for Libya, the coast guard said on Friday. Officials found about six tonnes of processed cannabis and 3 million super-strength “Captagon” amphetamine pills hidden aboard the Syrian-flagged “Noka,” it said in a […]
Port of Los Angeles On Track to Surpass 9 Million TEU This Year, But November Volumes Down
America’s busiest container port, the Port of Los Angeles, processed 832,331 Twenty-Foot Equivalent Units (TEUs) in November 2018 putting it on track to once again surpass 9 million TEUs this year. November marked the fifth consecutive month volumes exceeded 800,000 TEUs and the sixth busiest month in the Port’s history. Compared to November 2017, however, […]
Norway Postpones Decision on Arctic Oil Terminal to Serve Johan Castberg Offshore Field
OSLO, Dec 14 (Reuters) – The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Friday. If built, the onshore Veidnes terminal would receive crude via a pipeline from Equinor’s […]
North American Container Handling Record Set in Los Angeles – 27,846 TEU Moved
APM Terminals announced today it set a new North American record this month with 27,846 TEUs handled on one vessel. This represents a complete discharge of the vessel for import cargo and a complete new load of export containers, in addition to empty containers needed back in Asia. The 15,500 TEU, E-class, Eleonora Maersk vessel […]
Offshore Wind Bonanza Draws Bidding War in Record-Setting Sale
By Jennifer A. Dlouhy (Bloomberg) — Companies competed Thursday for the opportunity to install wind turbines in Atlantic waters off Massachusetts in an auction that shattered records even as it headed toward a second day of frenzied bidding. After 24 rounds of sealed bidding, companies had already pledged $285 million toward the three offshore wind […]