Freeport

Restart Of Freeport LNG’s Texas Facility on Hold Until Late January 2023

Credits: Diogo Hungria/Unsplash

US liquefied natural gas (LNG) export company Freeport LNG has updated the timing of the initial restart of its liquefaction facility in Texas which has been shut since June, reports Offshore Energy.

The explosion

To remind, the facility has been shut down following the explosion incident that occurred on 8 June. At first, the restart of initial operations was targeted for early October, which was then pushed back to mid-November.

On 14 November, the operator...

https://mfame.guru/restart-of-freeport-lngs-texas-facility-on-hold-until-late-january-2023/

Stena Line and Anglesey County Council announce bid to bring Freeport to North Wales

Stena Line and Anglesey County Council have announced their intention to submit a major freeport bid. Stena Line is pledging a major foreign investment in Holyhead Port, which is the second largest roro port in the country and an international gateway to Ireland, via the Irish Sea and an integral...

https://ferryshippingnews.com/stena-line-and-anglesey-county-council-announce-bid-to-bring-freeport-to-north-wales/

East Coast ports about to get slammed by a lot more ships

container shipping

There were 63 container ships waiting off East and Gulf Coast ports on Friday morning, plus another eight off the transshipment hub in Freeport, Bahamas — and it looks like it’s about to get worse.

The number of liner services calling in East Coast ports from Asia will surge to a new record high in the coming months as more cargo is diverted away from the Pacific gateway in Los Angeles/Long Beach.

The potential result: escalating ship queues along the East Coast and deteriorating service for...

https://www.freightwaves.com/news/east-coast-ports-about-to-get-slammed-by-a-lot-more-ships

U.S. LNG exports soar

Graphic shows U.S. LNG export totals over time in relation to export terminal capacity

Figures released yesterday by the U.S. Energy Information Administration (EIA) show that monthly U.S. liquefied natural gas (LNG) exports reached record highs in the first half of 2021, averaging 9.6 billion cubic feet per day (Bcf/d). This average marks an increase of 42%, or 2.8 Bcf/d, compared with the same period in 2020 (according to the U.S. Department of Energy’s LNG Monthly reports and EIA estimates for June 2021, based on shipping data from Bloomberg Finance L.P.).

Source: Graph by the...

https://www.marinelog.com/shipping/markets/u-s-lng-exports-soar/

Will ocean carriers scale back sailing cancellations?

container terminal

Container-liner schedules are about to provide a telling clue on U.S. cargo demand.

Arrival schedules for May and June are set. U.S. ports will see double-digit declines in inbound capacity. Whether carriers will keep “blanking” (canceling) sailings on the same scale into the third quarter remains unknown, but not for much longer.

If mass cancellations extend into July at elevated May-June levels, it means that carriers are not receiving enough bookings from shippers, implying a weak recovery...

https://www.freightwaves.com/news/will-ocean-carriers-scale-back-sailing-cancellations

‘Storage in transit’ products expand to head off looming box congestion crisis

MSC has announced four additional container wayport storage hubs as part of its Covid-19 suspension of transit (SOT) offering to shippers looking to avoid congestion and high storage costs at destination ports on non-essential goods.
The SOT product is targeted at shippers that have been unable to cancel or halt orders from Asia and will have containers en route in the coming weeks for markets in lockdown.
Freeport (Bahamas), Gioia Tauro (Italy), …

The post ‘Storage in transit’ products expand...

https://theloadstar.com/storage-in-transit-products-expand-to-head-off-looming-box-congestion-crisis/

BPA welcomes freeports consultation

The British Ports Association (BPA) has welcomed the publication of a new consultation on the introduction of free ports, which have the potential to transform coastal communities and unleash ‘port-centric’ growth.

The BPA is part of the Government’s Freeports Advisory Panel which is advising on options for their introduction in the UK. Last year the Association published a report outlining a bold and ambitious set of proposals in A Licence to Operate: ‘Enterprise, Development and Free Trade...

https://container-news.com/bpa-welcomes-freeports-consultation/

Fire-damaged boxes off the Yantian Express, but shippers must wait for intact cargo

All damaged containers have now been unloaded from the fire-stricken Yantian Express, Hapag-Lloyd and Ocean Network Express (ONE) have advised shippers.
That is earlier than they had previously been advised – a week ago, Hapag-Lloyd said it would take until next month to discharge and inspect the damaged boxes.
However, in a customer advisory this week it said: “We are pleased to report that all containers in the fire impacted areas in way of …

The post Fire-damaged boxes off the Yantian...

https://theloadstar.com/fire-damaged-boxes-off-the-yantian-express-but-shippers-must-wait-for-intact-cargo/

“Yantian Express” update: Salvage operations are continuing

Hapag-Lloyd announces that salvage operations in Freeport are continuing as previously advised, with good progress being made.

The announcement of the company:

“At this point, we anticipate that the discharge and door end inspections of the potentially impacted containers remaining on board will take approximately three weeks from now to be completed.

Please be advised that we are also still exploring options with regard to the balance of the containerized cargo which is unaffected by the fire and...

https://container-news.com/yantina-express-update-salvage-operations-continuing/

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