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Texas ports could fully reopen Thursday: Pilots

  • : Biofuels, Oil products
  • 24/07/10

Major Texas ports are likely to rescind draft restrictions and begin operating at full capacity Thursday with port facility damage limited and shipping channels free of significant blockages following Hurricane Beryl, according to vessel piloting services.

The US Coast Guard authorized most Texas ports to open for daylight hours only starting today, with 30 ft draft restrictions in the port of Houston and 35 ft in the ports of Galveston and Texas City. But with "no major obstructions" being found in the channels and final surveys by the US Army Corps of Engineers and the US Coast Guard expected soon, those restrictions may be lifted by the end of day Wednesday, according to Galtex Pilots director of operations Erik Stramblad.

The restrictions slowed vessels traffic in and out of the port of Houston to about 66pc of the "typical count of 55-60 vessels daily", according to Houston Pilots Association chief operating officer JJ Plunkett.

"We're working with the Coast Guard and the Army Corps of Engineers to get their final surveys," Plunkett said. "Tomorrow [the port of Houston] will probably have a deeper draft."

The resulting buildup of vessels around Texas ports is likely to clear quickly once normal operations resume, according to Stramblad.

"The number of vessels waiting is about the same [as usual]," Stramblad said. "It's only been a couple of days [of downtime]. It tends to clear itself up quickly once we have the full draft back."

Some private terminals within the ports of Texas City and Galveston need to provide their own status assessments before operations can fully resume, Stramblad said.

"Nobody wants to hit something that shouldn't be there," Stramblad said.

Ship-to-ship transfers of crude, refined products and other commodities resumed off the Texas coast on Tuesday. At least two charterers today sought Suezmax tankers for crude lighterings in the US Gulf coast from 12 July.


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24/07/16

Yemen’s Houthis attack three ships in Red Sea: Saba

Yemen’s Houthis attack three ships in Red Sea: Saba

Singapore, 16 July (Argus) — Yemen-based Houthi militants have launched three military operations in the Red Sea, Yemen's state-owned news agency Saba said on 15 July. The Houthis carried out multiple attacks against an Israel-owned oil product tanker in the Red Sea, according to US Central Command (Centcom) on 16 July. The Houthis used three surface vessels to attack the Panama-flagged and Monaco-operated Bentley I , which was carrying vegetable oil from Russia to China, Centcom said. There was no reported damage or injuries, Centcom said. Bentley I loaded 39,480t of sunflower oil at Russia's Taman port on 3 July, according to global trade analytics platform Kpler. The Houthis also separately attacked a Marshall Islands-owned, Greek-operated crude oil tanker Chios Lion with an uncrewed surface vessel (USV) in the Red Sea. The USV caused damage but the Chios Lion has not requested assistance and there have not been any reported injuries, Centcom said. The Houthis described its hit as "accurate and direct", according to Saba. The Chios Lion loaded 60,000t (387,000 bl) of high-sulphur straight-run fuel oil on 30 June and 30,000t of fuel oil on 18 June, both at Russia's Tuapse port, according to Kpler. It planned to unload these in China on 22 July. The Houthis have claimed responsibility for these two ship attacks, which were targeted "owing to violation ban decision of access to the ports of occupied Palestine by the company that owns the ship". The Houthis also claimed a third attack on the Olvia , with this having "successfully achieved its objective". The Olvia loaded about 6,300t of very-low sulphur fuel oil at Israel's Haifa port on 12 July and was scheduled to unload this at Israel's Ashdod refinery on 13 July. Crude prices were largely lower at 04:00 GMT. The Ice front-month September Brent contract was at $84.63/bl, lower by 22¢/bl from its settlement on 15 July when the contract ended 18¢/bl lower. The Nymex front-month August crude contract was at $81.65/bl, down by 26¢/bl from its settlement on 15 July when the contract ended 30¢/bl lower. By Tng Yong Li Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Trump taps Vance as running mate for 2024


24/07/15
24/07/15

Trump taps Vance as running mate for 2024

Washington, 15 July (Argus) — Former president Donald Trump has selected US senator JD Vance (R-Ohio) as his vice presidential pick for his 2024 campaign, elevating a former venture capitalist and close ally to become his running mate in the election. Vance, 39, is best known for his bestselling memoir Hillbilly Elegy that documented his upbringing in Middletown, Ohio, and his Appalachian roots. In the run-up to the presidential elections in 2016, Vance said he was "a never Trump guy" and called Trump "reprehensible." But he has since become one of Trump's top supporters and adopted many of his policies on the economy and immigration. Vance voted against providing more military aid to Ukraine and pushed Europe to spend more on defense. Trump said he chose his running mate after "lengthy deliberation and thought," citing Vance's service in the military, his law degree and his business career, which included launching venture capital firm Narya in 2020. Vance will do "everything he can to help me MAKE AMERICA GREAT AGAIN," Trump said today in a social media post. Like Trump, Vance has pushed to increase domestic oil and gas production and criticized government support for electric vehicles. President Joe Biden's energy policies have been "at war" with workers in states that are struggling because of the importance of low-cost energy to manufacturing, Vance said last month in an interview with Fox News. Trump made the announcement about Vance on the first day of the Republican National Convention in Milwaukee, Wisconsin, and just two days after surviving an assassination attempt during a campaign event in Pennsylvania. Earlier today, federal district court judge Aileen Cannon threw out a felony indictment that alleged Trump had mishandled classified government documents after leaving office. By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Waning German products oversupply evens domestic prices


24/07/15
24/07/15

Waning German products oversupply evens domestic prices

Hamburg, 15 July (Argus) — Germany's recent refined products oversupply, particularly in the south, is waning because of higher demand and technical issues reducing availability. Price differences within the country are starting to level out. Availability of heating oil and road fuels at the Bayernoil consortium's 215,000 b/d Vohburg-Neustadt refinery in Bavaria is restricted. At least one of the refinery's stakeholders is restricting loadings of E5 and 98 Ron gasoline and will probably continue to do so until the end of July. Planned maintenance works on a reformer have reduced production. Diesel and heating oil availability for spot sale are also restricted. A unit outage is affecting the refinery's diesel throughput, and a damaged heating oil tank at Vohburg has restricted loading capabilities since June. Term contracts are unaffected. Demand has increased across the board because of lower domestic prices, after Ice gasoil futures dropped week-on-week. Traded heating oil volumes reported to Argus last week rose especially strongly, by 28pc, and fuel demand also went up. By Natalie Mueller Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Singapore LNG bunker sales post fresh highs in June


24/07/15
24/07/15

Singapore LNG bunker sales post fresh highs in June

Singapore, 15 July (Argus) — Demand for alternative marine fuels rose further in June at the port of Singapore, with LNG demand for bunkering touching fresh highs. Total bunker sales in June rose by 8.7pc from a year earlier to 4.27mn t, according to preliminary data from the Maritime and Port Authority of Singapore (MPA), lifted by a 2.7pc increase in vessel throughput in Singapore to around 10.11mn in June. But sales slipped by 11pc from a strong May. "It is [lower] LNG prices versus fuel oil prices, along with higher fuel demand, due to the longer passage through the Cape, [and] that is playing an important role," said a key Singapore-based LNG bunker supplier, referring to the increased demand from the rerouting of vessels because of attacks on shipping in the Red Sea region. Demand for bunkering LNG has increased this year, with Singapore recording 175,030t of LNG used to fuel ships in the first half of this year. This is more than a threefold increase from the same period last year when 36,900t of LNG was bunkered in Singapore. Demand for biofuel blends in the first half increased by 46.7pc versus the same period last year. January-June sales were 280,160t compared with 191,000t a year earlier. The blend of 76pc very-low sulphur fuel oil (VLSFO) and 24pc used cooking oil methyl ester, also known as B24, has been the first choice of alternative fuel among shipowners in Singapore, partly because of its drop-in character. Increased enquiries emerged for B24 in Singapore since April-May this year, with short-term tenders going to key shipowners planning voyages to Europe. "There are customers taking more volumes in H2 2024. Volumes wise [for the year, this] might not see a huge increase [but we] will just see more customers," said an international trader. Consumption of conventional bunker fuels has remained largely steady in Singapore, with the exception of high-sulphur fuel oil (HSFO) where sales for June rose by 26pc compared with a year earlier to 1.56mn t. There was a 29pc increase for January-June this year against the 2023 equivalent. Firmer demand has continued for lower priced HSFO, particularly for vessel owners hoping to maximise the use of installed exhaust scrubber systems in handling alternative marine fuels. VLSFO consumption was down by 2pc in the first six months of 2024 versus the same period in 2023, with overall demand largely unchanged. Supplies have been higher in Singapore from this year's second quarter, which is expected to remain in the short term, said industry participants. Red Sea diversions Singapore has absorbed 40pc of the increased demand created by the Red Sea disruptions, data from the International Bunker Industry Association show. Demand in Singapore rose to 4.62mn t/month in this year's first quarter from 4.23mn t/month in 2023. Container terminals in Singapore were congested in the first half of the year because of Red Sea voyage rerouting. Container throughput at the city-state grew by 6.4pc from a year earlier in the first half of 2024 to 20.25mn 20ft equivalent units (TEUs) by June, according to the MPA. Singapore in May recorded a 7.7pc year-on-year increase to 16.9mn TEUs, said Singapore's transport minister Chee Hong Tat. Tonne-mile demand for tanker vessels is expected to grow this year. Greek crude tanker owner Okeanis Eco Tankers forecasts tonne-mile demand to grow by 5.6pc in 2024 and by a further 5.5pc in 2025. By Cassia Teo, Sean Zhuang and Mahua Chakravarty Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Sonatrach restarts Skikda bitumen plant after 4-yr halt


24/07/11
24/07/11

Sonatrach restarts Skikda bitumen plant after 4-yr halt

London, 11 July (Argus) — Algeria's state-owned oil firm Sonatrach has resumed production at its Skikda bitumen plant after shutting it back in 2020 when it ran short of supplies of heavy refinery residue feedstock. The company received a 10,000t cargo of atmospheric straight-run residue from a Mediterranean refiner in recent weeks, enabling bitumen production at Skikda to restart. Sonatrach plans to produce up to 100,000 t/yr of bitumen at Skikda, matching current output at its bitumen unit in Arzew. This will help meet domestic demand in Algeria, which is largely dependent on imports. Demand was an estimated 600,000-700,000t last year. Demand has risen in recent months ahead of Algeria's presidential elections, which were brought forward earlier this year by three months to 7 September. Local suppliers expect bitumen consumption in the country to peak in July and August this year at 80,000-90,000 t/month, driven by a concerted push by the government for contractors to complete road and highway projects before the elections. Sonatrach imported its large-scale bitumen cargo volumes into a string of terminals that it runs along the Algerian coast in annual tenders up until 2021 when Spain's Cepsa was awarded the volumes. But bitumen and other trade between Algeria and Spain was suspended the following year after Madrid publicly recognised Morocco's autonomy plan for Western Sahara. Sonatrach has since mainly relied on flows from its 198,000 b/d Augusta refinery in Sicily. Algeria has also imported cargoes from other places in the Mediterranean including Greece. By Keyvan Hedvat Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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