• 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 September 19

18:06 Samskip expands shortsea services in Scotland
17:48 Arctic Economic Council welcomes three new members
17:25 IMO is attending 34th session of ASEAN to update the Maritime Transport Working Group on its latest activities
17:06 Turkish shipyard Cemre Marin Endüstri A.S orders 4 x MAN 8L21/31 variable speed GenSets
16:39 Marine Engineering Bureau: half of Russia’s towing fleet is renovated, bunkering fleet situation is worse
16:14 MSC announces a new service between South America’s east coast and the Mediterranean
16:04 Port of Southampton completes construction of sixth multi-story car park
15:52 Turkish landing ship Bayraktar arrived in Novorosiysk
15:27 USPA announces tender for procurement of dredging vessel
15:04 GY Marinas and P&O Marinas launch superyacht complex in Sète, France
14:39 Commissioning works commenced at KN‘s LNG reloading station
14:14 Port of Gdansk, Port of Gdynia and Baltic Gateway attended Seatrade Europe in Hamburg
14:03 Wärtsilä Nacos Platinum bridge systems selected for two new mega yachts
13:50 IMO issues Guidelines on maritime cyber risk management
13:28 IMO says search and rescue is an international responsibility
13:01 Ningbo Zhoushan Port volumes up 72% to 254,000 TEUs
12:43 NEVA 2017, 14th International Maritime Exhibition and Conference of Russia, opens in Saint-Petersburg (photo)
12:22 Fuel oil prices are still high at the Far East ports of Russia (graph)
12:04 Jan De Nul wins IADC Safety Award 2017
11:40 Secretary-General of IMO believes in a great future of Vostochny Port (photo)
11:04 CMA CGM signs strategic partnership with Infosys to accelerate the transformation of its Information System
10:45 Central Design Bureau Iceberg developed basic design of new 40-MW icebreaker
10:37 GTT receives an order from Hyundai Heavy Industries to design the LNG tanks of a new FSRU
10:23 Maritime Salvage & Casualty Response conference held in London on 13-14 September
10:01 IMarEST workshop on practical biofouling management strategies held in Melbourne, Australia
09:42 Brent Crude futures price up 0.03% to $55.52, Light Sweet Crude – up 0.12% to $50.41
09:19 Baltic Dry Index up to 1,385 points

2017 September 18

18:37 Konecranes launches Crane Advisor customer support tool globally
18:07 Diana Shipping announces time charter contract for m/v Maera
18:06 Rosmorport is looking into construction of LNG bunkering tanker of 3,000 to 5,000 cbm in capacity
17:50 Rosmorport is going to build ships running alternative fuels
17:45 Italian terminal operator Spinelli purchases another Konecranes Gottwald Mobile Harbor Crane
17:33 DP World to acquire Dubai Maritime City and Drydocks World
17:25 IMO Secretary-General Kitack Lim visited sailings ship Nadezhda in Vladivostok (photo)
17:04 Chinese warships arrived at Vladivostok
16:47 Rosmorport to start construction of shallow-draft icebreaker before the year end
16:16 Vladimir Putin endorsed a list of instructions following the meeting on development of transport infrastructure in Northwest Russia
15:20 The Azerbaijan Government announces extension of ACG PSA to 2049 with co-venturers
15:06 Craneship launches icebreaking tugboat of Project Т40105, Yuribey, built for Atomflot (photo)
14:49 Wärtsilä launches new eco-friendly tug designs
14:23 ZIM marks the 3 millionth container at DaChan Bay Terminals
14:23 Average wholesale prices for М-100 HFO up to RUB 12,481 in RF spot market
13:55 Kitack Lim says Port State Control in the Asia-Pacific region is a deliberate focus of the Tokyo MoU
12:42 Sovcomflot awarded by Russian Ministry of Energy for achievements in R&D and innovations
12:20 6 races held as part of Russian Yachting Championship for SB20 class (photo)
12:01 EU countries authorized their vessels to fish unlawfully in African waters - Oceana
11:39 SCF supports development of professional maritime education in Russia’s Far East
11:17 Russia seeks closer cooperation with IMO, Vitaly Klyuyev says
11:00 Hapag-Lloyd orders 7,700 new reefer containers
10:40 Brent Crude futures price up 0.14% to $55.70, Light Sweet Crude – up 0.10% to $50.49
10:21 IMO Secretary-General Kitack Lim is on a formal visit in Russia
10:09 South Korean terminal operator PDCT puts Konecranes Gottwald Model 4 Mobile Harbor Crane into operation
09:31 DP World not to renew operating contract in Indonesia
09:18 Baltic Dry Index up to 1,385 points

2017 September 17

17:25 India signs $76mln loan deal with Japan International Cooperation Limited to upgrade Alang-Sosiya shipyards
17:23 CMA CGM outperforms the market with very strong operating and financial results in Q2 2017
17:21 IMO issues new warning on hazards of carrying bauxite by ship
17:19 DFDS increases its volumes on the North Sea freight routes to and from the UK
17:16 General Dynamics NASSCO named ‘Greenest Shipyard of the Year’

2017 September 15

18:06 Kiel Port Prize goes to Jörn Grage of SCA Logistics