rss icon Subscribe
desktop mobile

LOOP Tests Crude Exports with VLCC

The Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal in the United States, said on Tuesday it had moored a supertanker and initiated a detailed test procedure, bringing it closer to being able to export crude oil.
LOOP said last year its U.S. Gulf Coast facility would have the capacity to load Very Large Crude Carriers (VLCCs), the largest oil tankers, which can ship some 2 million barrels of oil by early 2018.
Washington lifted a 40-year ban on oil exports two years ago, and since then tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo.
Gulf Coast terminals handle three-quarters of U.S. crude exports, but only LOOP can handle supertankers. Most shipping channels are too shallow.
The company made only minor modifications to its existing facilities to operate the port complex for both imports and exports, it said in a statement on its website.

"The configuration safely enables both loading and offloading of Very Large Crude Carriers (VLCCs) without multiple shuttle tanker movements," the company said.

Reporting by Devika Krishna Kumar

Feb 13, 2018

 

Contracts

GE Transportation to Supply Freight Locomotives to Ukraine in USD 1bln Deal

Photo: GE Transportation

GE Transportation signed a $1 billion framework agreement in Ukraine, marking a major milestone

Nordic American Tankers Signs TC with Major Oil Firms

Photo: Nordic American Tankers

In the autumn of 2017, Nordic American Tankers (NAT) advised you of our time charter

Djibouti Ends Dubai's DP World Contract to Run Container Terminal

Photo: DP World

Djibouti has ended a contract with Dubai's DP World, one of the world's biggest port operators

Energy

Dry Bulk Market Looks Up: J. Lauritzen

Lauritzen Bulkers. Photo:  J. Lauritzen

Both the dry bulk market and the market for small gas carriers are anticipated to benefit from

Japan Seeks to Boost Offshore Wind Power

© Yaz / Adobe Stock

The Yomiuri newspaper reported on Tuesday that:      -Japan's government will submit legislation

Enerplus Profit Beats as Oil Focus Pays Off

Photo: Enerplus Corp

Canadian oil and gas producer Enerplus Corp reported a quarterly profit that beat estimates on

Maritime Apps