Americas News

Residual fuel oil demand was 297,000 barrels per day (kb/d) in January, a decrease of 17.3% from December and 12.6% versus January 2018.

Interorient Marine Services Limited, a vessel operating company, was convicted and sentenced yesterday in the Western District of Louisiana, for maintaining false and incomplete records relating to the discharge of oil from the tank vessel Ridgebury Alexandra Z.

The Petrojam Review Commission is set to submit recommendations to the Jamaican government regarding the future of the Kingston refinery.

A.P. Moller - Maersk and PBF Logistics LP (PBFX) have signed an agreement for Maersk to source and PBFX to process crude oil at CPI Operations LLC, a PBF Logistics LP terminal facility in New Jersey.

Boskalis has signed an agreement with SAAM to sell its stake in the joint venture for $201 million.

All American Marine, Inc. (AAM) has completed the construction of a 150-passenger hybrid-electric vessel, Waterman, for Kitsap Transit.

Alassia Ship Management has been cleared of all charges related to the bunker spill, which saw 2,700 litres of fuel oil flow into English Bay, Vancouver, in April 2015.

The US Energy Information Administration has projected that ‘the share of high-sulphur residual fuel oil consumed by US ocean-going marine vessels will quickly drop in the near term, from 58% in 2019 to 3% in 2020’, and it also sees only a ‘limited’ use of LNG bunker fuel over the next five years.

US-based barge operator Kirby has signed a definitive agreement to acquire the marine transportation fleet of Cenac Marine Services for around $244 million.

Following the US government’s imposition of sanctions on Venezuela’s state-owned energy company Petroleos de Venezuela (PDVSA), US Gulf Coast refineries may find it difficult to replace heavy Venezuelan crude with supplies from nearby sources, according to Drewry Maritime Research.