High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
Chouest and BP have been in business together for over eight years, and the new alliance will continue to include Chouest affiliates ECO (vessel services), C-Port (multi-service terminal facilities in Louisiana’s Port Fourchon) and C-Logistics (logistics coordination, expediting and tracking cargo movement).
“We are honored to build upon our many years of operating together in the Gulf of Mexico and worldwide,” said ECO President and CEO Gary Chouest. “We will continue to work with BP to uphold the superior standard of service and safety culture that both companies have adopted, and is second to none in our industry.”
ECO says items in the alliance agreement include a three-year extension for utilization of BP’s Gulf of Mexico Preservation and Maintenance facility just northwest of Houma, LA, which was designed and built by Chouest.
The vessel alliance also includes a new 312-ft. new generation, purpose-built platform supply vessel specifically designed for delivery of supplies to BP’s Gulf of Mexico production platforms. The vessel is currently under construction at Chouest’s Houma shipyard, LaShip, and scheduled for delivery within the next several months.
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