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US Coast guard restricts lower Mississippi drafts

  • : Agriculture, Coal, Fertilizers, Freight, Oil products, Petroleum coke
  • 24/09/03

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.


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24/10/04

Global bio-bunker demand to pick up, US left behind

Global bio-bunker demand to pick up, US left behind

New York, 4 October (Argus) — Tightening vessel carbon intensity indicator (CII) scores and looming 2025 FuelEU marine regulation are expected to raise biodiesel demand for bunkering, but non-competitive US prices should continue to weigh down on US bio-bunker demand. Houston B30, a blend of used cooking methyl ester (Ucome) and very low-sulphur fuel oil (VLSFO), in September averaged at $821/t, a $45/t premium to B30 sold in Amsterdam-Rotterdam-Antwerp, and a $55/t premium to B24 sold in the west Mediterranean hub of Gibraltar and Algeciras (see chart) . Houston B30 was also priced at $115/t and $61/t premium to B24 sold in Singapore and Guangzhou, China, respectively. The price premium would continue to incentivize ship owners with global, ocean-going fleets to pick Asia first for their biodiesel bunker purchases, followed by northwest Europe and western Mediterranean. US demand for biodiesel for bunkering would continue to stagnate unless the US passes a legislation allowing Renewable Identification Number (RIN) credit under the US Renewable Fuel Standard (RFS) program be used by ocean-going vessels fueling with biodiesel in US ports. The legislation could level US' price playing field. Two bipartisan bills were put forward in support of renewable fuel for ocean-going vessels, one in the US Senate this year and one in the US House of Representatives last year, but they are currently dead in the water. Conventional marine fuels are priced cheaper than biodiesel and green varieties of LNG, ammonia, methanol, and hydrogen. But tightening International Maritime Organization (IMO) and EU regulations are forcing the hand of ship operators to consider green fuels to avoid hefty penalties and having their vessels suspended from trading. Ship owners whose vessels are outfitted with LNG-burning engines, are poised to have the lowest marine fuel expense heading into 2025, as fossil LNG is currently ship owners' cheapest low-carbon fuel option. But retrofitting a vessel to burn LNG could range from $5-$35mn, depending on the size of the vessel. Biodiesel, a plug-and-play fuel that does not require a vessel retrofit, is the second cheapest low-carbon fuel option after fossil LNG. IMO's CII regulation came into force in January 2023 and requires vessels over 5,000 gt to report their carbon intensity, which is then scored from A to E. The scoring levels are lowered yearly by about 2pc, so even a vessel with no change in CII could drop from C to D in one year. If a vessel receives a D score three years in a row or E score in the previous year, the vessel owner must submit a corrective actions plan. E scoring vessels could be prohibited from entering some ports' territorial waters, but this penalty is yet to be imposed on any E vessels. In 2023, the IMO reported that 40pc of the vessels scored A or B, 27pc scored C, 19pc scored D or E and 14pc were unresponsive. The EU's FuelEU maritime regulation will require ship operators traveling in, out and within EU territorial waters to gradually reduce their greenhouse gas (GHG) intensity on a lifecycle basis, starting with a 2pc reduction in 2025, 6pc in 2030 and so on until getting to an 80pc drop, compared with 2020 base year levels. It imposes a penalty of €2,400/t ($2,629/t) of VLSFO equivalent energy for vessel fleets exceeding its GHG limits. By Stefka Wechsler Biodiesel blends* Houston less global ports $/t Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Ocean Petro Gulf to operate Jafza bitumen terminal


24/10/04
24/10/04

Ocean Petro Gulf to operate Jafza bitumen terminal

Mumbai, 4 October (Argus) — Dubai-based trading firm Ocean Petro Gulf (OPG) has leased an oil products and bitumen storage facility terminal in the Jebel Ali Free Zone (Jafza) from energy logistics firm Tristar, and will be the operator, according to market sources. OPG is planning to expand by building a 10,000t bitumen storage facility at the terminal in the near term. OPG has agreed with Tristar to construct the bitumen storage tank on expectations of rising demand in that location. The terminal was previously owned by Shell and was acquired by Tristar in mid-2022. The terminal has been leased out to OPG as of October under a long-term operator arrangement, but the duration of the lease was undisclosed. The terminal currently has a bitumen storage capacity of 11,000t, and can import and export about 350,000 t/yr of oil products. The operatorship agreement also includes an integrated 90,000 t/yr polymer modified bitumen (PMB) plant, drums filling facility and an emulsion plant. The terminal also has a bitumen and PMB testing facility. By Sathya Narayanan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Nis steps up bitumen, restarts PMB output at Pancevo


24/10/04
24/10/04

Nis steps up bitumen, restarts PMB output at Pancevo

London, 4 October (Argus) — Serbian refiner Nis has stepped up bitumen production and supply at its 110,000 b/d Pancevo refinery after taking delivery of a cargo of bitumen-rich Iraqi Kirkuk crude. A market participant said the Kirkuk cargo was shipped from a Mideast Gulf loading point. A political stand-off since March 2023 has meant northern Iraq crude cannot be supplied into the Mediterranean region via the pipeline from Kirkuk to Ceyhan, southeast Turkey. The switch to the bitumen-rich crude, after lighter grades had been run through Pancevo in recent months, has also allowed Nis to restart its polymer-modified bitumen (PMB) manufacturing plant at Pancevo this week. The higher quality grade, which is produced by adding polymers like styrene-butadiene-styrene (SBS) in the initially produced bitumen mix, is increasingly used on some road, highway and airport projects. The PMB plant had been shut since June because the lighter crudes feeding the refinery failed to yield the right specifications and quality of PMBs after mixing with SBS. Nis plans to run another bitumen-yielding Iraqi crude, Basrah Medium, along with Kirkuk this month, helping significantly boost bitumen production for supply into the country's domestic and export markets — mainly Romania and Bosnia-Herzegovina. The heavier crudes will yield very high-sulphur grades of petcoke, the market participant said. By Keyvan Hedvat Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Экспортная пошлина на нефть в Казахстане в октябре снизилась


24/10/04
24/10/04

Экспортная пошлина на нефть в Казахстане в октябре снизилась

Riga, 4 October (Argus) — Ставка экспортной пошлины на нефть в Казахстане в октябре уменьшилась до $77/т с $82/т — в сентябре. Среднее значение котировок сорта Kebco (cif Аугуста) и Североморского датированного в период мониторинга цен с 20 июля по 20 сентября составило $77/барр. по сравнению с $82/барр. — в период предыдущего мониторинга, по данным министерства финансов Казахстана. С сентября 2023 г. ежемесячная ставка пошлины на экспорт нефти и нефтепродуктов в Казахстане меняется при изменении средней мировой цены на $1/барр. вместо прежних $5/барр. в пределах диапазона $25—105/барр. При средней рыночной цене нефти $25—105/барр. размер ставки вывозной таможенной пошлины рассчитывается по следующей формуле: ВТП=Ср*К, где ВТП — размер ставки вывозной таможенной пошлины на нефть и нефтепродукты в долларах США за тонну; Ср — средняя рыночная цена нефти за предшествующий период; К — поправочный коэффициент 1. При значении средней рыночной цены на нефть до $25/барр. размер ставки вывозной таможенной пошлины равен нулю. При цене свыше $105/барр. применяются ставки вывозной пошлины в диапазоне от $115/т до $236/т. Средняя рыночная цена определяется министерством финансов Казахстана ежемесячно на основании мониторинга котировок Kebco и Североморского датированного в течение двух предыдущих месяцев. Полученный результат мониторинга в соответствии с поправками математически округляется до целого числа. По условиям действующих контрактов от уплаты пошлины освобождены крупнейшие экспортеры сырья: Тенгизшевройл (ТШО), Karachaganak Petroleum Operating (KPO) и акционеры NCOC, разрабатывающего месторождение Кашаган. Экспорт сырья из Казахстана в январе — августе снизился до 46 млн т с 47,1 млн т — годом ранее, по данным Ситуационно-аналитического центра топливно-энергетического комплекса Республики Казахстан (САЦ ТЭК). ТШО, КРО и NCOC за указанный период отправили за рубеж 38,7 млн т без уплаты экспортных пошлин. Пошлина на вывоз из Казахстана бензина, дизтоплива, авиакеросина и других дистиллятов в октябре также уменьшится до $77/т с сентябрьских $82/т. Ставка экспортной пошлины на экспорт мазута из Казахстана с 8 сентября составляет $30/т. Согласно внесенным в сентябре изменениям в приказ министерства национальной экономики Казахстана, указанный размер вывозной пошлины на мазут будет действовать в течение всего года. Ставка экспортной пошлины на экспорт вакуумного газойля из Казахстана в октябре составит $60/т. ________________ Больше ценовой информации и аналитических материалов о рынках нефти и нефтепродуктов стран Каспийского региона и Центральной Азии — в еженедельном отчете Argus Рынок Каспия . Вы можете присылать комментарии по адресу или запросить дополнительную информацию feedback@argusmedia.com Copyright © 2024. Группа Argus Media . Все права защищены.

Dockworkers end US port strike


24/10/03
24/10/03

Dockworkers end US port strike

Houston, 3 October (Argus) — US dockworkers have ended a port strike that had shut container terminals from Maine to Texas, after their union late Thursday struck a tentative agreement on wages. The International Longshoremen's Association (ILA) has agreed to extend its contract with the United States Maritime Alliance (USMX) until 15 January to provide time for negotiating the remaining outstanding issues, the ILA said in a statement. The USMX includes containership owners, terminal operators and port associations. "Effective immediately, all current job actions will cease and all work covered by the master contract will resume," the ILA said. The strike, which started on 1 October, had forced containership operators to queue up outside US east coast ports. Major container shipping agencies such as Maersk had initiated surcharges for US east coast and Gulf coast-bound containers later in October. By Jack Kaskey Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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