Thursday, December 18, 2014 - Based on crude oil market assessments in the Short-Term Energy Outlook, EIA estimates that members of the Organization of the Petroleum Exporting Countries (OPEC), excluding Iran, will earn about $700 billion in revenue from net oil exports in 2014, a 14% decrease from 2013 earnings and the lowest earnings for the group since 2010.
Monday, December 15, 2014 - Maritime transport is the backbone of international trade and the global economy. Around 80% of global trade by volume and over 70% of global trade by value are carried by sea and are handled by ports worldwide. These shares are even higher in the case of most developing countries.
Tidewater sold their 41.2m x 8.2m x 3.5m depth aluminum crew / supply vessel "Patrice Tide" to private European operators.
Marcon International Inc. is pleased to announce the fixture of a modern 2009 built, 4,584BHP ASD tug on a long-term bareboat charter.
Friday, December 12, 2014 - As a courtesy, the U.S. Coast Guard Maritime Commons is providing a reminder about the Oil Pollution Act of 1990 and a piece of that regulation that was initiated in 1990 and finalizes on January 1, 2015. The final phase-out date for all single-hull tank vessels and all single-hull tank vessels with double sides or double bottoms, 46 USC 3703A, to operate carrying oil in bulk in U.S. waters, including the Exclusive Economic Zone, is January 1, 2015.
Thursday, December 11, 2014 - Bunker prices continued dropping as we have all heard in the news. While this has been beneficial for vessel operators by decreasing their costs, many oil and gas companies are cutting E&P spending and preparing for lower profits.
Wednesday, December 10, 2014 - EIA’s December Short-Term Energy Outlook (STEO), released yesterday, forecasts that Brent crude oil prices will average $68 per barrel (bbl) in 2015, with prices up to $5/bbl below the annual average early in the year.
Tuesday, December 09, 2014 - North Sea Brent crude oil spot prices fell by more than 15% in November, declining from $85/barrel (bbl) on November 3 to $72/bbl on November 28.
Friday, December 05, 2014 - Oman is the largest oil and natural gas producer in the Middle East that is not a member of the Organization of the Petroleum Exporting Countries.
Friday, December 05, 2014 - The average U.S. offshore rig count for November 2014 was 53, down four from the 57 that were counted in October 2014 and down five from the 58 counted in November 2013.
A 2,250BHP, conventional twin screw, 1982 built tug was sold between private South American parties.
Intercoastal Marine of Panama have sold their 1999 built "Island Express III" to British Virgin Island buyers.
Tuesday, November 11, 2014 - The U.S. Energy Information Administration (EIA) defines world oil chokepoints as narrow channels along widely-used global sea routes, some so narrow that restrictions are placed on the size of the vessel that can navigate through them.
Of the 3,785 barges and 12,730 vessels we currently track, 707 are tank barges with 32 inland and 35 ocean or coastal barges officially on the market for sale. Nine of the 32 inland barges are 10 years of age or less.
Following is a breakdown of available anchor handling coastal, ocean and harbor tugs. Separate reports available on inland river pushboats and anchor handling tug supply vessels.
Of the 12,730 vessels and 3,785 barges Marcon tracks, 1,113 are crew, fast supply & pilot boats with 211 officially on the market for sale, plus we have 43 boats available for charter worldwide.
Of the 12,730 vessels (excluding barges) Marcon currently tracks, 681 are inland river pushboats with 85 officially on the market for sale (72 U.S. flag and 13 foreign flag). Fifteen of the boats with age listed were built within the last ten years.
Of 12,730 vessels and 3,785 barges tracked by Marcon, 3,177 are supply and tug supply boats, with 245 officially on the market for sale.
As the brewers Guinness like to occasionally remind us, "good things come to those who wait". Well that’s just about the sum of the sentiment listening to some US deepwater offshore vessel operators.