• 2017 July 14 10:21

    Enterprise and Navigator Gas to develop ethylene marine export terminal

    Enterprise Products Partners L.P. (NYSE: EPD) and Navigator Holdings Ltd. (NYSE: NVGS) on July 12, 2017 announced the execution of a Letter of Intent (LoI) to jointly develop an ethylene marine export terminal on the Houston Ship Channel, EPD said in a press release.

    Enterprise would manage the construction, operations and commercial activities of the proposed terminal, which would be located at Enterprise’s Morgan’s Point complex. Enterprise’s Morgan’s Point facility has a 45-foot draft and includes Enterprise’s ethane marine export terminal, the world’s largest. Navigator Gas has extensive experience with ethylene shipping through its fleet of 14 ethylene-capable vessels that provide a virtual pipeline to deliver ethylene to consuming customers.

    The ethylene export terminal would be connected to Enterprise’s high-capacity ethylene salt dome storage and ethylene pipeline system, which is currently under construction. Enterprise’s ethylene storage facility will have approximately 600 million pounds of capacity with an injection/withdrawal rate of 210,000 pounds per hour expandable to 420,000 pounds per hour. Enterprise’s ethylene pipeline system will be connected to multiple producers and consumers of ethylene on the U.S. Gulf Coast.

    The U.S. petrochemical industry is expanding its ethylene production capacity by 45 percent between 2016 and 2020, based on currently announced projects. These expansions are driven by plentiful, low-cost supplies of natural gas and ethane as a result of the development of U.S. shale reserves. Almost 90 percent of these expansions are at facilities located along the Texas and Louisiana Gulf Coast. Enterprise’s ethylene storage and pipeline system, together with the proposed ethylene export terminal, would provide the petrochemical industry with logistical flexibility and an outlet to international markets.

    “We are very pleased to work with Navigator Gas in efforts to commercialize an industry leading ethylene marine export terminal on the Houston Ship Channel with unsurpassed connectivity to ethylene producers and pipeline and storage infrastructure,” said A.J. “Jim” Teague, chief executive officer of the general partner of Enterprise. “Customers would have the ability to manage the transportation and storage of ethylene supplies from the tailgate of producing facilities to domestic and international consuming derivative plants. The proposed ethylene export terminal would provide U.S. petrochemical companies critical market diversification rather than relying solely on polyethylene export markets.”

    “A strategically located ethylene export terminal is the key to unlocking growing petrochemical production capacity in the U.S. We are proud to work with Enterprise, with their proven commercial and technical capabilities, on a project that promises to meet the needs of our customers and provides the seamless transportation of ethylene from the producer to the customer,” commented David Butters, chief executive officer of Navigator Gas.

    Formation of the 50/50 joint venture to build, own and operate the ethylene marine export terminal is subject to the negotiation and execution of definitive agreements and approval by the respective boards of directors of Enterprise and Navigator Holdings. The commercialization of the project is subject to sufficient long-term customer commitments.

    Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Enterprise’s services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and export and import terminals; crude oil gathering, transportation, storage, export and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

    Navigator Holdings Ltd. is the owner and operator of the world’s largest combined fleet of handysize and midsize liquefied gas carriers, including the largest fleet of ethylene vessels, by tonnage. Navigator Holdings provides international and regional seaborne transportation services of ethylene, ethane, LPG, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. Navigator Holdings’s fleet of 38 vessels, 14 of which are the largest ethylene and ethane-capable liquefied gas carriers available in the market, enables cost-effective and efficient long-haul transportation of ethylene for our customers.




2018 April 27

11:23 Cargo handling at the port of Antwerp (Belgium) forecasted to reach 235 million tonnes in 2018, up 5-6% Y-o-Y (photo)
11:00 ClassNK Electronic Certificate System wins Technical Innovation Award at Seatrade Maritime Awards Asia 2018
10:41 Bunker prices are going down at the Port of Saint-Petersburg, Russia (graph)
10:27 Brent Crude futures price down 0.27% to $74.54, Light Sweet Crude – down 0.23% to $68.03
10:09 Crowley named a healthiest company in America for fifth straight year
09:52 More than one third of works under first phase of MTH project fulfilled to date – Marina Kovtun
09:43 APL honoured with “Ship Operator Award” at Seatrade Maritime Awards Asia 2018
09:16 Baltic Dry Index down to 1,375 points

2018 April 26

18:35 British Ports Association elects Alec Don as new Chairman
18:05 AIDA launches 2018 cruise season in Rostock
17:35 Cruise season begins in Stockholm
17:05 Royal IHC delivers 4000 tonnes crane vessel GULLIVER to Scaldis
16:49 Tallink launches virtual customer services assistant Nemo
16:34 IMO meeting in July to continue 2020 preparations
16:05 Aker Solutions upgrades Aberdeen site to target growing subsea services market
15:50 Cruise season in Tallinn starts on April 26 with this year’s first cruise vessel Viking Sea calling the Old City Harbour
15:35 New report of Intrernational Transport Forum assesses Japan’s ambition to become an international bunkering hub for LNG
15:34 MEPC 72: ISO confirms plans to develop interim guidance for 0.50%S bunker fuel
15:33 Hamburg newly elected Board Member for Cruise Europe Association
15:19 50 percent Co2 cut by 2050 – governments must acknowledge enormity of what IMO has agreed - ICS
14:49 IMO takes first step toward Arctic HFO ban, but first needs to define ‘HFO’
14:10 Highway section of Crimea Bridge passed acceptance tests (photo)
13:02 The newly established Klaveness Combination Carriers AS to form part of the solution to the ambitious climate strategy passed on by IMO
12:24 IPCSA is new honorary partner for Ports 4.0 Conference in Tallinn
12:22 Revenue at port of Amsterdam grows in 2017
12:01 GTT and Sembcorp Marine sign a license agreement for the design and construction of membrane tank solutions
11:48 Boskalis towage joint venture Keppel Smit Towage names first LNG powered harbor tug in South East Asia
11:39 2,258 icebreaker escort operations performed in eastern part of Gulf of Finland this winter navigation season
11:39 DP World reports 7.3 % gross volume growth in first quarter of 2018
11:13 Bunker prices are slightly down at the Far East ports of Russia (graph)
10:42 Klaipėdos nafta starts allocation of LNG terminal capacities for new gas year
10:15 Brent Crude futures price up 0.61% to $74.45, Light Sweet Crude – up 0.48% to $68.38
09:54 IMO reaffirmed support for its African Member States
09:32 Azerbaijan Caspian Shipping Company’s shipyard repaired ferry vessel owned by Sea Trade Fleet of Turkmenistan
09:17 Baltic Dry Index up to 1,376 points

2018 April 25

18:31 Westcon appeals the court judgement regarding the TSV Safe Scandinavia conversion
18:18 Three-day event held in Papua New Guinea focused on safety of domestic ferries
18:16 Fast ferry for Angolan Transport Ministry launched at Damen Shipyards Singapore
18:12 DNV GL develops offshore safety guidance for Greek Regulator
17:56 Sredne-Nevsky Shipyard launches yet another minesweeper of Project 12700
17:29 Qatargas delivers its first LNG cargo to Bangladesh as part of agreement with Petrobangla
17:02 Russian Railways announces 2017 Consolidated Results under IFRS
16:37 Polskie LNG CEO Paweł Jakubowski: LNG terminal extension program is speeding up
16:05 Wärtsilä partners with the Maritime and Port Authority of Singapore to promote maritime technologies
15:48 Profit attributable to shareholders of NOVATEK decreased by 39.3% to RUB 43.1 billion
15:30 Volga Shipping Company opens navigation on the Upper Volga river
15:14 MOL expands its NVOCC business with the unified brand "MOL Worldwide Logistics"
15:06 BWMS manufacturers and stakeholders set up new association BEMA
14:55 Innovative Damen RSD Tug 2513 kicks-off introduction tour in Italy
14:09 Ilari Kallio appointed Chief Digital Officer at Konecranes
13:20 Nakilat records 13% increased profits for the first quarter of 2018
12:59 Philippines accedes to air pollution and energy efficiency rules
12:33 Cruise season begins at the Port of Gdansk
12:09 HELCOM progresses firmly towards reducing input of pollutants into the Baltic Sea
11:51 8,791 ships are fitted out with the GLONASS navigation equipment - Dmitry Rogozin
11:28 All seaports in Crimea will be fully equipped with GLONASS system in 2018 - Dmitry Rogozin (photo)
11:09 Keppel Offshore & Marine signs MOU with MPA and TCOMS to jointly develop autonomous vessels
10:50 LUKOIL BoD recommends dividend distribution for 2017 in the amount of RUB 215 per ordinary share
10:26 Brent Crude futures price up 0.08% to $73.8, Light Sweet Crude – down 0.13% to $67.61
10:09 WinGD wins marine propulsion Emissions Reduction Award