• 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.




2017 July 22

15:46 Gazprom Neft to utilise capacity at the St Petersburg Polytech supercomputer
14:22 French shipyard holds naming ceremony for new French icebreaker L’Astrolabe
11:58 Carnival Cruise Line unveils newly renovated cruise ship-themed exhibit at Miami Children’s Museum
10:53 GCT appoints Grosman as new President and CEO

2017 July 21

18:32 Hapag-Lloyd's MV NORASIA ALYA to omit San Antonio Port on MSW Service
18:03 MOL's Kinkasan Maru's engine control console gets 1st 'Ship Heritage' certificate
17:54 Bahri beefs up its fleet of VLCCs with delivery of 300,000dwt tanker ASLAF
17:33 Svitzer will provide marine support services for the Excelerate Energy FSRU in Bangladesh
17:08 The Port of Southampton welcomes ARA Libertad
16:46 Australian LNG exports to surge 22% this year, expert says
16:35 Duke University secures funding of a new marine lab RV construction
16:00 Workshop in Tunis briefed participants on functioning, operation and use of LRIT system
15:37 Drewry: World Container Index drops 6.3% (Jul 20)
15:14 Ukraine’s water transport carried 0.2 mln passengers in Jan-Jun'17, up 27.5%, Y-o-Y
14:52 Cargo transportation by Ukraine’s water transport down 6.7% to 2.3 mln t in 6M’17
14:31 Shell contracted to provide lubes and services for OOCL Hong Kong
14:06 Far East Crab Catchers Association: world’s first ship dedicated for crab catching can be designed and built in Russia
13:40 Krasnoye Sormovo shipyard launches chemical carrier Balt Flot 16 of Project RST27М for BF Tanker
13:15 Fincantieri enters partnership agreement with MAPEI
12:53 ME MetroElectroTrans buys out river fleet of Volgograd for RUB 32.5 mln (photo)
12:42 Harley Marine Services adds new tug DR HANK KAPLAN to its fleet
12:14 NextDecade signs MOU with Port of Cork to develop FSRU and LNG import terminal infrastructure
11:37 MAIB reports on tug Dominigue capsize accident in Madagascar resulting in 2 fatalities
11:19 In HI’2017 TransContainer transported 869,000 TEUs, up 18.7% Y-o-Y
10:58 Academic Pashin tanker underwent inclining experiment at Nevsky Shipyard
10:23 First Damen dredger for Australia TSHD 650 en route to Gippsland Ports
10:16 JFSE launches patented revolutionary jetting technology for subsea excavation
09:59 Oil spill response workshop held in Senegal
09:34 Indicative bunker prices go up at the port of Saint-Petersburg, Russia (graph)
09:17 Baltic Dry Index up to 964 points

2017 July 20

18:35 Wärtsilä reports order intake and net sales growth in H1 2017
18:10 Workshop of International Dialogue on Migration held in Geneva
17:49 ClassNK Singapore marks 50 years with anniversary party
17:35 UK's MCA conducts exercise for response to spills from shipping and offshore installations
17:13 DNV GL releases its updated NOx TIER III compliance guide
17:01 Port of Rotterdam half-year cargo volumes rose 3,9%
16:54 RF Navy's large tonnage warships are training in Kronstadt before the Main Navy Parade
16:35 LUKOIL Board of Directors approves members of Company Management Committee
16:14 Van Oord wins contract for mega waterfront project in Dubai
16:03 No visible drivers on the bunker market so far, expert says
15:53 MacGregor to supply on-vessel equipment to Excelerate Energy
15:31 HHI offers smart ship ICT technology for better navigation and management of ships
15:12 Boskalis contracted to build Stockholm Norvik Port quay wall in Sweden
15:08 Long Beach City Council confirms Colonna, Lowenthal appointments to Board of Harbor Commissioners
14:51 Swedegas and Fluxys LNG start cooperation for LNG project in the port of Gothenburg
14:32 BV granted approval in principle for Wison’s 50MW floating LNG power supply barge
14:06 Cargo shipments by North-Western Shipping Company up 5% to 2.76 mln t in HI’2017
13:40 Marine Recruiting Agency in HI'17 increased the number of graduates by 58%
13:17 Austal continues industry engagement with Queensland businesses for OPV project
12:55 FESCO delivered outsized Power Machine’s equipment to Vietnamese Power Plant under construction
12:33 Port of Gdansk throughput up 3.6% to 18.57 mln t in Jan-June'17
12:11 OSU researchers work to improve AUVs’ energy efficiency
11:58 HII's NNS gets $148.7 million as CVN 80 contract modification
11:50 Frigate ‘Admiral Makarov’, corvette ‘Stoyky’ and major missile boat ‘Dimitrovgrad entered the Neva River
11:29 Bunker prices are slightly down at the Far East ports of Russia (graph)
11:12 Bureau Veritas and Ascenz join forces in ship performance agreement
10:36 USPA submits to Ukraine’s Ministry of Infrastructure a revised draft of the Port Dues Methodology
10:14 Kongsberg Maritime secures first order for autonomous surface vehicle control system K-MATE
09:52 Supervisory board of Tallink Grupp start exploratory process relating to potential strategic options
09:33 Port of Tallinn announces the winner of the design contest for the Old City Harbour bridge