Port Bureau Updates
Wrist and Klevenberg to Consolidate Global Ship Supply Out of Rotterdam and Houston
Management of Wrist Ship Supply and of Klevenberg Shipping Center has entered into an agreement on a consolidation of the two companies. The transaction is subject to approval by the relevant competition authorities.
Klevenberg has a solid reputation for excellent customer service, built during decades of strong local and regional presence in the highly competitive ship supply market. By joining forces with Wrist, Klevenberg will benefit from the Wrist Group’s global network and extensive sourcing capacity, while Wrist will benefit from Klevenberg’s customer service.
The cornerstones of the business models of the two entities are in full accord. Both companies provide bundled services, increasingly demanded by customers in their pursuit of efficiency. And the mission of both teams is to provide expert care to make their customers’ life at sea better.
The consolidation of Wrist and Klevenberg brings together two financially healthy companies. The transaction is expected to enhance efficiency and customer service. The two parties have agreed not to disclose financial details. Wrist Ship Supply will be the continuing legal entity.
Kinder Morgan, EagleClaw Midstream and Apache Announce Joint Development of the Permian Highway Pipeline Project
Kinder Morgan Texas Pipeline LLC (“KMTP”), a subsidiary of Kinder Morgan, Inc. (“KMI”), EagleClaw Midstream Ventures, LLC (“EagleClaw”), a portfolio company of Blackstone Energy Partners, and Apache Corporation announced on June 25 they have signed a letter of intent for the development of the proposed Permian Highway Pipeline Project (“PHP Project”).
The PHP Project will provide an outlet for increased natural gas production from the Permian Basin to growing market areas along the Texas Gulf Coast. The $2 billion PHP Project is designed to transport up to 2.0 Bcf/d of natural gas through approximately 430 miles of 42-inch pipeline from the Waha, Texas, area to the U.S. Gulf Coast and Mexico markets. KMI is also evaluating the economic and hydraulic feasibility of a 48-inch pipeline with increased transportation capacity. The PHP Project is expected to be in service in late 2020, subject to the execution of definitive agreements and the receipt of construction permits.
“The PHP Project is structured to provide unrivaled market optionality for Permian producers,” said Sital Mody, chief commercial officer of Kinder Morgan Natural Gas Midstream. Additionally, shippers on the project will be able to contract for additional transportation, storage and gas sales options with KMI, whose existing intrastate systems are directly connected to most end users along the Texas Gulf Coast.”
GAC LNG Services to Provide Voyage Management for Translux Limited
GAC LNG Services, formed in 2016, provides a full-service solution for the sector, covering charterers’ vessel operations, as well as technical and commercial information. Under the Translux agreement, GAC’s global network of offices and approved agents will support operations, which will be overseen by GAC LNG Services in Houston.
“We are excited for the new opportunities an exclusive contract with Translux Limited will provide for GAC LNG Services. As we continue to grow in LNG market, it becomes increasingly apparent that there is a strong need for the voyage management provided by GAC LNG Services every step of the way,” said Bob Bandos, GAC’s group vice president – Americas.
“The development of a global LNG capability is a natural expansion for Translux Limited. GAC LNG Services provides the perfect support to meet our LNG shipping needs and facilitate our transition from a regional to global commodities firm,” said Marcellus Catalano, managing director of LNG for Translux.
Enterprise to Develop Offshore Texas Crude Oil Export Terminal
Enterprise Products Partners L.P. announced on July 17 it is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast. The terminal would be capable of fully loading Very Large Crude Carriers (“VLCC”), which have capacities of approximately 2 million barrels and provide the most efficient and cost-effective solution to export crude oil to the largest international markets in Asia and Europe.
Enterprise completed the second partial loading of a VLCC tanker at its jointly owned Seaway marine terminal in Texas City in July. The Eagle Victoria loaded approximately 1.1 million barrels of crude oil at the Texas City facility.
“On the heels of our second successful loading of a VLCC at the Texas City terminal, we are now planning to expand our capabilities to load crude oil faster and more cost efficiently without the need for lightering vessels,” said A.J. “Jim” Teague, chief executive officer of Enterprise’s general partner. “Capital and infrastructure to support our project would be solely provided by private capital and would not be reliant nor contingent upon state or federal government agency financial support or infrastructure development. We believe this would enable us to deliver this project in a timely manner once permits are granted and the project is underwritten.”
A final investment decision will be subject to receiving the requisite state and federal permits and customer demand.
Port Freeport Upholds a Solid “A” Bond Rating from Standard & Poor’s
“A strong credit rating benefits every stakeholder in the Port community by lowering the cost of debt for the Port projects benefiting the entire region.” said Port Freeport chief financial officer, John Mannion.
“A stable bond rating shows that management and the Port Commission continue to make responsible decisions about strategic capital investments and plans of finance supporting the economic growth of the Port and the region,” said commission chairman Paul Kresta.
Port Freeport is ranked 10th in chemicals, 26th in containers, and 23rd in total tonnage. The Freeport Harbor Channel serves Dow Chemical, Phillips 66, BASF, Tenaris, Vulcan Material, Mammoet, Freeport LNG, Riviana, Dole, Chiquita, Seaway, Mediterranean Shipping Company and Hoegh Autoliners.
Port Of Galveston Assists in Guatemalan Volcano Relief Efforts
The Port of Galveston assisted in coordinating the shipment of relief supplies for families displaced by the volcanic eruption in Guatemala. Since the Fuego volcano 25 miles southwest of Guatemala began erupting on June 3, 1.7 million people have been affected. More than 4,000 people forced from their homes are staying in emergency shelters to escape dangerous ash, gasses and mudslides.
Relief efforts between the City of Mission and the Ministerios Alfa y Omega Church based in Mission, Texas involved the collecting of supplies to help the victims of Guatemala. The goods were transported from the City of Mission where they were packaged and placed on pallets for safe transport to the Port of Galveston on June 12. The supplies consist of bottled water, clothing, and non-perishable food items.
The container carrying humanitarian relief was loaded onto Del Monte Fresh Produce’s vessel Star Leader on June 18 and departed the Port of Galveston on the following day on its journey to the Port of Santo Tomas de Castilla in Guatemala.
HCA Opens Freestanding Emergency Room in East Houston
“The Gulf Coast Division is committed to providing emergency services in the East Houston area, and has been for more than 40 years,” said Gulf Coast Division President Troy Villarreal. “Unfortunately, Hurricane Harvey destroyed East Houston Regional Medical Center, leaving many people in the area without a nearby, easily accessible place to seek medical attention in case of an emergency.”
HCA-affiliated Bayshore Medical Center is extending its services via the new center, which is always staffed with board-certified emergency physicians. The center also offers patients access to on-call specialists, on-site testing and imaging, and seamless direct admission to a hospital, if necessary.
HCA Houston ER 24/7 is located at the intersection of Hwy 90 and Beltway 8 at 6191 East Sam Houston Parkway North.
Haugen Consulting Offering Classes in Tanker Operations and Demurrage
Haugen Consulting has trained delegates in the world of tanker operations and demurrage for over 15 years. Their programs increase training in the intricacies of cargo handling, navigation, safety issues, regulatory compliance, and the effects on laytime and demurrage while exploring solutions to mitigate risk and disputes. The lessons clarify charter party obligations between shipowners and charterers, as well as the obligations between trading partners in sale contracts, as distinguished under both U.S. and English law.
In addition to achieving significant demurrage savings, Haugen Consulting provides additional value-added services such as third party demurrage rebilling and maximizing collection; contract review; and vessel time charter performance tracking. Recently, they have also added trucking and rail fleet management services that provides scheduling of trucks and rail.
Haugen is offering the following classes in Introduction to Tanker Operations, Introduction to Demurrage and Advanced Demurrage at these locations and dates:
Houston, USA – September 24/28, 2018
Amsterdam, The Netherlands – October 15-19, 2018
Dubai, UAE – November 4-8, 2018
For more information about Haugen services, training, or to course agendas, email email@example.com.
Ivan Rodriguez has joined the ranks of Phelps Dunbar as a partner focusing on marine and energy litigation in the Houston office. Ivan’s concentration on maritime and energy expands Phelps’ regional footprint of the collective team.
Foley Gardere Adds Finance Lawyer to Houston Office
Foley Gardere announced in July that Neal A. Bakare has joined the firm’s Finance Practice Group and Energy Industry Team as of counsel in the Houston office. He joins from Macquarie Bank Limited, where he served as Senior Vice President of Legal Risk Management.
- Date August 14, 2018
- Tags 2018 July/August