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Spain detains tanker Aldan for oil spill

  • Market: Freight
  • 16/06/21

The Spanish government has detained an oil tanker for allegedly spilling a large quantity of hydrocarbons in the Atlantic off the Canary Islands. The Aldan's most recent port of call may have been in Venezuela.

Spain's transport ministry Mitma said the Liberia-flagged Aldan is being held in the port of Almeria after a spill that spread across a 55km² area.

"The ship will remain detained until its managers proceed to deposit the fixed bond," Mitma said. "Given the seriousness of the events, they could face one of the highest sanctions imposed so far."

The Aldan's ultimate owner is probably Muhit Maritime FZE, which is headquartered in the Jebel Ali Free Zone, UAE, according to IMO registration documents.

It is unclear what the tanker was carrying. Last month it loaded 150,000 bl of gasoline on behalf of Switzerland-based ES Euro Shipping from Trinidad's state-owned Paria Fuel Trading, and was bound for Aruba. But multiple shipping sources said that it instead entered Venezuelan waters. Venezeula is suffering an acute gasoline shortage. If the Aldan did call at a Venezuelan port, there is a possibility it could be carrying that country's heavy crude or fuel oil.

Oil trade with Venezuela brings acute political sensitivities, because of US sanctions that were imposed by Washington in January 2019. Most of Venezuela's crude exports end up in China's Shandong province, home to much of thatg country's independent refining sector, but even this could be shut off by Beijing's recent imposition of a new import tax.


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03/09/24

US Coast guard restricts lower Mississippi drafts

US Coast guard restricts lower Mississippi drafts

Houston, 3 September (Argus) — The US Coast Guard (USGC) set new towing and draft restrictions for the lower Mississippi River on 31 August, as water levels continue to decline. For southbound traffic from Tiptonville, Tennessee, to near Greenville, Mississippi, barge drafts must remain under 10.5ft and no more than six barges wide, according to the USGC. From Greenville to Tunica, Mississippi, southbound barge drafts must be under 10ft. Boats can tow six barges wide, but no more than four of those barges can be loaded. Northbound movement from Tunica to Tiptonville must keep drafts below 10ft and cannot be more than six barges wide and no more than four barges loaded. These new restrictions arrived five days after the previous draft restriction issued by the USGC. Memphis, Tennessee, water levels fell below the low water threshold of -5ft over the holiday weekend, at nearly -6ft as of 3 September according to the National Weather Service (NWS). As many as six other points on the lower Mississippi River are at their low water thresholds with others expected to reach their thresholds this week. Low water has already spurred an increase in southbound tariff values, which will likely be exacerbated as US crop harvests progress. The next 48hrs in the Memphis area is forecast to receive no rain, while the southern half of Mississippi and most of Louisiana may see 0.5-2 inches of rainfall, according to NWS. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Maintenance tightens distillate supply in west Germany


02/09/24
News
02/09/24

Maintenance tightens distillate supply in west Germany

Hamburg, 2 September (Argus) — Regional middle distillate prices in Germany diverged last week, with values in the west boosted by refinery maintenance and oversupply weighing on prices in the south. Heating oil and road fuel supply in Cologne, western Germany has fallen sharply since the beginning of last week after maintenance work started at the 187,000 b/d Godorf refinery at Shell's Rhineland complex. There was also reduced availability at the nearby 147,000 b/d Wesseling refinery, part of the same Rhineland complex, and a tank farm in Flörsheim that is connected to the complex via pipeline. One supplier halted spot sales of middle distillates and gasoline until at least the beginning of September, traders said. Traders that typically buy product in Cologne or Flörsheim had to take longer journeys to other tank farms or go south to the Miro consortium's 315,000 b/d Karlsruhe refinery. Product in Karlsruhe is currently trading at a steep discount to Cologne. Oversupply has put pressure on prices in Karlsruhe for the past few weeks after weak demand and irregular train departures because of a staff shortage left suppliers with more product than they anticipated towards the end of August. Freight rates for barges that need to pass the Rhine bottleneck in Kaub went up significantly last week after water levels dropped to their lowest point in around 10 months on 30 August. Water levels are expected to fall below 1m this week. Barges to destinations along the Upper Rhine would then only be able to load up to 40pc of their maximum capacity, making it likely that freight rates will rise further. By Natalie Mueller Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Order ending Canadian rail work stoppage appealed


30/08/24
News
30/08/24

Order ending Canadian rail work stoppage appealed

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Salvage teams to get access to leaking Red Sea tanker


29/08/24
News
29/08/24

Salvage teams to get access to leaking Red Sea tanker

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Oil rises as Israel-Hezbollah clash fuels uncertainty


26/08/24
News
26/08/24

Oil rises as Israel-Hezbollah clash fuels uncertainty

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