Petroleum

Bouchard Transportation seeks buyer to avoid 108 layoffs

Bouchard Transportation Co., an independently owned barge and tugboat company, is seeking a buyer to avert closing its facility in Melville, New York. 

According to a notice filed with the New York Department of Labor Thursday, the company is “currently in the process of seeking a purchaser of Bouchard or its assets which may also elect to continue the employment of all or a substantial number of employees.”

Bouchard said if no buyers come forward, it “may need to engage in employee layoffs...

https://www.freightwaves.com/news/bouchard-transportation-seeks-buyer-to-avoid-108-layoffs

US maritime group fears waiver abuse by fuel shippers

A group representing U.S. domestic maritime interests has warned the Biden administration that the Jones Act waivers issued by the government to address fuel shortages could be used by shippers to make money off the crisis.

In a letter to President Joe Biden on Thursday, the American Maritime Partnership (AMP) urged the administration to reject any waiver of the Jones Act — a law that requires all cargoes moving domestically to be loaded into American vessels — unless U.S.-flag ships are...

https://s29755.pcdn.co/news/us-maritime-group-fears-waiver-abuse-by-fuel-shippers

[Watch] Capsized Cargo Ship Leaks Petroleum Amid Salvage Operations

  • It took a year to plan, but the salvage efforts started in earnest in November 2020.
  • The first massive chunk was cut off of the ship and schlepped to shore, but it took until January 2 to get the stern separated and removed as operations continue.
  • The crew is preparing to slice the next section of the capsized Golden Ray. This will be the 7th third cut.

Crews are preparing to slice the next section of the capsized Golden Ray, which will be the third cut of seven, reports News4Jax.

Petroleum...

https://mfame.guru/watch-capsized-cargo-ship-leaks-petroleum-amid-salvage-operations/

The Potential for Biodiesel As a Marine Fuel

As the industry looks to prove the technical feasibility and commercial viability of fuels like ammonia, hydrogen and methanol – and ensure the safe application of electro-fuels – biodiesel is another option becoming more readily available that could provide short-term emission reductions, reports Lloyd’s Register. Reducing carbon emission

Energy efficiency measures are already being applied to varying degrees through innovative ship design, engine power, optimised speeds/navigation and the...

https://mfame.guru/the-potential-for-biodiesel-as-a-marine-fuel/

Digital Wildcatters pounces on multimedia, highlighting petroleum-tech innovations

Public perception has long held that the petroleum industry is dirty and that society’s dependence on mineral extraction should be minimized in the coming decades. While oil and gas companies aren’t traditionally known for embracing disruptive technologies, that sentiment is quickly changing. In fact, venture capital investment in “clean-tech” and other areas of research has flooded the industry of late and has one multimedia company singing its praises.

Digital Wildcatters aims to build on the...

https://s29755.pcdn.co/news/digital-wildcatters-pounces-on-multimedia-highlighting-petroleum-tech-innovations

Rebound Hopes for Shipping Industry A Distant Dream

  • Orders for new oceangoing ships are at record lows as carriers sit on the sidelines.
  • COVID-19 pandemic has left cargo carriers’ demand forecasts in tatters.
  • Shipyard executives in China, South Korea, and Japan are now in a high-stakes competition.
  • Interest in big container ships seen as fundamental to growing global trade is close to zero.
  • At $175 million each, LNG carriers are more expensive than other ship types.
  • Owners are looking to order large tankers as demand to move crude and petroleum...

https://mfame.guru/rebound-hopes-for-shipping-industry-a-distant-dream/

Tsuneishi Shipbuilding’s First LRI Chemical Tanker Delivered

TSUNEISHI SHIPBUILDING Co., Ltd. delivered its first LRI (77,000 DWT) Product/Chemical Tanker on March 29, 2019, says an article published in Sea News.

This first ship was constructed at TSUNEISHI GROUP (ZHOUSHAN) SHIPBUILDING, Inc. Located at Xiushan Island, Daishan County, Zhoushan City, Zhejiang Province, P. R. of China, the Group’s shipbuilding site in China.

Why a new LRI tanker?

The new LRI Product/Chemical Tanker was built to address the rising global demand for petroleum and chemical...

http://mfame.guru/tsuneishi-shipbuildings-first-lri-chemical-tanker-delivered/

Navios Sells One VLCC for $21.75 Million

Navios Maritime Acquisition Corporation (“Navios Acquisition”) announced on April 1st, that it has sold the oldest vessel of its fleet, the C. Dream, a 2000-bult VLCC for $21.75 million, says a press release published on Nasdaq website.

About Navios Maritime Acquisition Corporation

Navios Acquisition is an owner and operator of tanker vessels focusing on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.

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http://mfame.guru/navios-sells-one-vlcc-for-21-75-million/

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