1. Captain Livingstone: One If By Land, All If By Sea
As we witness the COVID-19 crisis spread around the world it seems this big problem could morph and spread into a myriad of problems with the end result being collectively bigger than the original. The crux of the matter being there no clear horizon looking forward. https://gcaptain.com/captain-livingstone-one-if-by-land-all-if-by-sea/
2. Floating Oil Storage Grows Off California Coast
Almost three dozen ships — scattered in waters from Long Beach to the San Francisco Bay — are mostly acting as floating storage for oil that’s going unused as the coronavirus pandemic shutters businesses and takes drivers off the road. Marathon Petroleum Corp.’s refinery in Martinez, California, has been idled and others, including Chevron Corp.’s El Segundo refinery, have curtailed crude processing as the state orders residents to stay at home. https://gcaptain.com/floating-oil-storage-grows-off-california-coast/
3. Offshore Driller Valaris to Explore Bankruptcy with Creditors -Sources
Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can agree on terms for a possible bankruptcy filing, as it grapples with a $6.5 billion debt burden and an unprecedented plunge in U.S. crude prices, people familiar with the matter said on Tuesday.
https://gcaptain.com/offshore-driller-valaris-to-explore-bankruptcy-with-creditors-sources/
4. Warmest Oceans on Record Adds to Hurricanes, Wildfires Risks
The world’s seas are simmering, with record high temperatures spurring worry among forecasters that the global warming effect may generate a chaotic year of extreme weather ahead.Parts of the Atlantic, Pacific and Indian Oceans all hit the record books for warmth last month, according to the U.S. National Centers for Environmental Information. https://gcaptain.com/warmest-oceans-on-record-adds-to-hurricanes-wildfires-risks/
5. Pirates Release 11 Crew, Hold 7 Hostage off Benin
Pirates attacked a Portugal-flagged ship and kidnapped its Bulgarian captain and seven sailors off the coast of Benin, Bulgaria’s foreign ministry said on Tuesday.
A ministry statement said the pirates who boarded the Tommi Ritscher container ship at the port of Cotonou in the Gulf of Guinea on Sunday had released 11 other members of the crew. https://www.marinelink.com/amp/news/pirates-release-crew-hold-hostage-off-4777
6. Big City Fireboats
On March 3, the Coast Guard published a notice that Martin Midstream Partners (MMP), a petrochemical transport and storage company, was seeking approval to modify terminal operations in Beaumont, Texas, along the Sabine-Neches Waterway. If approved, MMP would expand its liquefied hazardous gas (LHG) operations, both in volume and products. Instead of just handling ammonia the change would allow shipments of butane, propane, ethane, ethylene and propylene. https://www.marinelink.com/amp/news/big-city-fireboats-477803
7. Bollinger Delivers ATB to Crowley
Crowley Fuels took delivery Tuesday of its new Alaska Class 100,000-barrel, articulated tug-barge (ATB), which will be used to transport petroleum products for the Alaska market, from Bollinger Shipyards. https://www.marinelink.com/news/bollinger-delivers-atb-crowley-477807
8. Reinauer Group Ramps Up for the Business of Offshore Wind
The promise of a vibrant U.S. offshore wind business has been long in the making. While questions remain on timing and pace, there is renewed confidence in the offshore wind sector, particularly in the northeast United States (global pandemic notwithstanding). Investment in the sector had escalated to start 2020, embodied best by Reinauer Group and its WindServe Marine unit, which when combined with its Senesco Marine boatbuilding and logistics hub give its an ‘ A-to-Z, soup-to-nuts’ enviable position to build, own, operate boats, as well as stage logistics, for offshore wind operators. https://www.marinelink.com/news/reinauer-group-ramps-business-offshore-477790
9. New Bunker Alert Service Available For BIMCO Members
Bunker fuel is a key element in the running of ships, and problems related to bunkers can massively impact daily operations. Information about bunker quality issues is of high value and BIMCO has therefore entered into a new cooperation with Veritas Petroleum Services (VPS) who publishes regular Bunker Alerts based entirely on fuel samples. https://www.shippingtribune.com/news/shipping/New+Bunker+Alert+Service+Available+For+BIMCO+Members
10. Panama Implements A Strategy To Promote Its Economy Through The Maritime, Logistics And Port Sectors
The maritime, logistics and port sectors never stop; they are a constant source of income which supplies an important economic contribution to the nation. Proof of this is the Panama Maritime Authority’s (PMA) position as the third institution in monetary contributions to the Panamanian State. https://www.shippingtribune.com/news/shipping/Panama+Implements+A+Strategy+To+Promote+Its+Economy+Through+The+Maritime%2C+Logistics+And+Port+Sectors
