First US Shale Gas Reaches Europe

first_imgzoom  The INEOS Intrepid gas carrier, owned by Swiss chemicals company INEOS, has arrived at the company’s petrochemicals plant at Rafnes in Norway, the company confirmed, thus marking the first ever shipment of US shale to Europe. The ship was loaded with 27,500m3 of US shale gas ethane. “Shale gas economics has revitalised US manufacturing, it has the potential to do the same for European manufacturing,” says Jim Ratcliffe, the chairman and founder of INEOS.The INEOS Intrepid is currently one of four specially designed Dragon class ships that will form part of a fleet of eight of the world’s largest ethane capable carriers.INEOS, which has invested USD 2 billion bringing US shale gas to Europe, intends to use the ethane from US shale gas in its two gas crackers at Rafnes and Grangemouth, both as a fuel and as a feedstock. To receive the gas, INEOS has built the largest two ethane gas storage tanks in Europe at Rafnes in Norway and Grangemouth in Scotland.It is expected that shipments to Grangemouth will start later this year.The project has included the design and long term charter of all eight Dragon class ships which are set to create a virtual pipeline across the Atlantic; connection to the new 300 mile Mariner East pipeline from the Marcellus shale in Western Pennsylvania to the Marcus Hook deep water terminal near Philadelphia, together with new export facilities and storage tanks.“We are nearing the end of a hugely ambitious project that has taken us five years and cost USD 2 billion, as we begin supply of ethane from shale to our sites in Europe. This is a world first and I am incredibly proud of everyone involved in it. I believe that INEOS is one of very companies in the world who could have successfully pulled this off,” Ratcliffe adds.last_img read more

North Carolina Ports Makes Room for Bigger Ships

first_imgzoom As the North Carolina Ports Authority completed the expansion project of its turning basin at the Port of Wilmington, the port is now capable of accommodating post-Panamax vessels with a length of 350 meters and a breadth of 48 meters.Undertaken over a period of six months, the expansion, which was conducted as part of the ports authority’s ongoing infrastructure investment plan, will provide for the accommodation of vessels in the 8,000 to 10,000 TEU range, depending on the vessel’s profile.The turning basin project included the removal of an existing bulk pier and dredging along the port’s side of the Cape Fear River to expand the turning basin from 1,200 feet to 1,400 feet.The Yang-Ming Unity became the largest vessel to utilize the expanded turning basin and call the Port of Wilmington on August 7, 2016.Carrying some 8,200 TEUs, the vessel arrived to the Wilmington port after it transited the new locks of the recently expanded Panama Canal.After a banner year in fiscal year 2015, North Carolina Ports saw its best-ever financial year in fiscal 2016.“Fiscal year 2017 is off to an impressive start as well with the completion of the turning basin and the recent return of intermodal rail service to the North Carolina Ports,” the authority said.last_img read more

EU High Representative and Ranil discuss GSP application

The High Representative of the European Union for Foreign Affairs and Security Policy/Vice-President of the European Commission, Federica Mogherini, met Prime Minister Ranil Wickremesinghe today and discussed several matters including Sri Lanka’s GSP+ application.The High Representative congratulated the Sri Lankan authorities for their achievements over the past 21 months and reaffirmed the European Union’s continued support to the Sri Lankan government and its reform agenda, which is committed to improving governance, to fighting against corruption, to strengthening economic growth, and to protecting human rights, for the benefit of all Sri Lankans. Progress has been made across a number of areas in bilateral EU-Sri Lanka relations, including the resumption of Sri Lankan fish exports to the EU in June this year.The HR/VP welcomed Sri Lanka’s GSP+ application, which would give the country preferential access to the European Union’s market. The HR/VP and the Prime Minister discussed the process of national reconciliation in the country, highlighting the importance of addressing the underlying causes of the conflict and beginning a process of healing. They also discussed the implementation of last year’s UN Human Rights Council Resolution, which was co-sponsored by the Sri Lankan government. The steps taken so far send a clear signal that the Sri Lankan government is committed to move towards genuine reconciliation and accountability: processes which the European Union will continue to support. The European Union has nearly doubled its development assistance to Sri Lanka to €210 million (approximately 34 billion Sri Lankan Rupees) for the years up to 2020 compared to the previous period (2007-2013). The EU will finance projects across a wide range of areas, including in support of the government’s reconciliation priorities under the Peacebuilding Priority Plan, the resettlement of Internally Displaced People, assisting transitional justice and building local government capacity, as well as supporting development in Sri Lanka’s poorest areas. The High Representative informed the Prime Minister of the state of play in the ongoing, technical application assessment, while the Prime Minister committed to making additional efforts to implement Sri Lanka’s international human rights, labour and environmental commitments, so as to give the highest possible chance for a successful application. Regional issues in South-Asia were also discussed during the meeting. (Colombo Gazette) read more

IronClad Mining highlights new transhipment innovation for bulk minerals

first_imgBelieved to be a world-first, a South Australian-developed innovation to load containerised iron ore from a land base to an off-shore vessel has been successfully trialled in seas off the Adelaide coast at Largs Bay. Developed in South Australia by IronClad Mining – an Australian company on the verge of mining iron ore from SA’s Eyre Peninsula – the “multi-user” system has the flexibility to be used for transhipment of bulk commodities other than iron ore. The company believes the innovation has the potential to revolutionise the way some bulk commodities are loaded onto vessels for export – anywhere in the world.“This world-first style of off-shore transhipment operation has been designed, developed and fine-tuned exclusively in South Australia,” IronClad Mining Chief Executive Officer, Robert Mencel, said. “We are not aware of anywhere else in the world where this same system is in operation, and believe it has the potential to revolutionise the loading of some bulk commodities onto offshore anchored vessels. The system we have developed is a flexible, low capital, cost-effective, export solution for a range of commodities – not just our iron ore – that has the potential to be used in an off-shore environment anywhere in the world. You don’t have to build deep sea ports worth hundreds of millions of dollars to export your commodities to market.”IronClad plans to utilise the system, initially, to transport Direct Shipping Ore (DSO) from its Wilcherry Hill iron ore project near Kimba, on the State’s Eyre Peninsula, to a vessel positioned seven nautical miles off Lucky Bay. The DSO will be transported initially by road from the mine site to a stockpile storage facility approximately 1.5 km from the port of Lucky Bay, which is located about 120 km south of Whyalla. From there it will be loaded into air-tight containers and tractor transported to the portside hardstand before being loaded by crane onto dumb barges. Tugs will then take the barges about seven nautical miles out to sea where a barge mounted crane –will be moored.The floating crane will then load the ore from the containers into Panamax or Cape-sized vessels anchored alongside it. The containers are lifted from the barge utilising custom made “Rotainers” fitted to the crane and lowered into the ship’s hold. Here the rotainers tip the containers upside down, emptying their contents. A dust suppression system on the vessel will assist in minimising dust emissions. The loading vessel will be anchored in such a position that its hull creates a “lee” – or calmer water – against the wind and swell, ensuring the floating crane and barges can safely operate in most weather conditions. To become fully operational, the system requires the purchase or lease of two dumb barges, a barge mounted crane, two tugs and approximately 300 containers, in which the ore will be transported out to sea. Discussions are in progress with specialised lending institutions to fund the acquisition of the port fleet.last_img read more