by Alexander Whiteman (TheLoadstar) The UK’s major container gateway of Felixstowe is expected to continue experiencing severe congestion after the troubled implementation of a new IT system. An advisory issued by MSC said all carriers calling at the port were still experiencing “significant delays”. “MSC expects these delays to continue, which will affect vessel arrival … [Read more...]
Libya’s Biggest Oil Ports Stop Pumping
by Salma El Wardany (Bloomberg) Two of Libya’s biggest oil ports stopped loading on Thursday after clashes erupted between rival forces for control of the country’s economic lifeline, taking more barrels off the market just as OPEC debates whether to boost production. Fighting at Es Sider and Ras Lanuf terminals led to the loss of about 240,000 barrels of Libya’s daily … [Read more...]
Does Galveston Need A $14 Billion Storm Barrier?
By Jack Kaskey (Bloomberg) Chemical companies are pressing federal officials to spend billions of dollars on a coastal flood control system near Houston to protect petrochemical plants, oil refineries and shipping infrastructure from the next hurricane. The coastal spine, as the project is called, is among the most important infrastructure investments needed to mitigate … [Read more...]
Djibouti Signs New Container Terminal Deal
by Omar Mohammed (Reuters) Djibouti’s Doraleh Container Terminal Management Company has signed a deal with Singapore-based Pacific International Lines (PIL) to raise by a third the amount of cargo handled at the port, the country’s Ports and Zones Authority said on Tuesday. The agreement is expected to raise performance at the Doraleh Container Terminal, allowing it to … [Read more...]
New LNG Terminals Get Smaller
by Julie Gordon (Reuters) - The liquefied natural gas market is growing every year, but the LNG terminals that ship and receive the fuel are shrinking. The booming sector’s next-generation infrastructure is being designed for a emerging-market buyers that want smaller volumes on shorter, more flexible contracts. LNG export terminals, where the gas is liquefied and put on … [Read more...]