Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • Maritime Academy: A Very Critical National Asset-Dr. Okonna

      Jul 31, 2025
      0
    • "Efficient Sea Ports Crucial To Africa's Economic Growth"-Dr. Dantsoho

      Jul 30, 2025
      0
    • Nigeria's IMO Council Bid Gains Traction With MOWCA Executives

      Jul 30, 2025
      0
    • Customs Urge Nigerians To Comply With Visa Regulations

      Jul 30, 2025
      0
    • "MAN A Pivotal Institution For The Blue Economy" Senator Eshinlokun

      Jul 29, 2025
      0
    • Nigeria Customs Set To Recover ₦379.5Billion From 223 Companies

      Jul 25, 2025
      0
    • Seme Command Records N1.5b Revenue, Makes N1.2b Seizures

      Jul 24, 2025
      0
    • SON Celebrate Inuwa As Board Chairman

      Jul 21, 2025
      0
    • "How JournalNG Emerged Best Maritime Magazine"-Kagbare

      Jul 21, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • Maritime Academy: A Very Critical National Asset-Dr. Okonna

  • “Efficient Sea Ports Crucial To Africa’s Economic Growth”-Dr. Dantsoho

  • Nigeria’s IMO Council Bid Gains Traction With MOWCA Executives

  • Customs Urge Nigerians To Comply With Visa Regulations

  • “MAN A Pivotal Institution For The Blue Economy” Senator Eshinlokun

FeaturedNews
Home›Featured›Hurrican Harvey Grounds Port Operations in Texas

Hurrican Harvey Grounds Port Operations in Texas

By Editor
Aug 31, 2017
1253
0
Share:

Hurricane+Harv

 

Over twenty oil tankers are stranded off Texas coast as they are unable to offload their cargo due to port closures, according to the US Department of Energy.

The tankers are said to be carrying approximately 15.3 million barrels of imported crude oil near Texas ports.

The Port of Corpus Christi remains closed. The United States Coast Guard has issued a modified Zulu status for the Inner Harbor to allow for vessels with up to 20 feet draft to operate.

The port entrance has been blocked by a grounded drillship owned by Paragon Offshore and activities are reported to be underway to remove the beached vessel.

The port authority said that work is being carried out on expediting hydrographic surveys of the Corpus Christi ship channel, adding that the Corpus Christi and La Quinta ship channels are not obstructed by the incident with drill vessel Paragon I.

The port authority expects to restore normal business operations by September 4.

Freeport, Galveston, Houston and Texas City ports remain closed as activities ramp up on preparing to receive vessels. Louisiana Offshore Oil Port (LOOP) facilities have reported normal operations.

Six refineries in the Corpus Christi area, seven in the Houston/Galveston area, and two in the Beaumont/Port Arthur area have been shut down due to the hurricane. Five refineries in the Gulf Coast region are operating at reduced rates, DoE informed in the latest update.

Looking at the impact of the Hurricane Harvey on the tanker market, the temporary disruptions of oil production have already caused significant effects on the market.

“The biggest gains so far have been noted in the oil products markets, with the significant cuts in output bringing in a higher demand for commodities such as gasoline (with gasoline futures jumping as much as 7% reaching their highest level in more than two years) as the drop in supply has left many to scramble for new sources,” Allied Shipbroking said.

As a result, there has already been an upsurge in demand and a respective kick-up in freight rates in Europe.

“Product tankers have already started to see a significant amount of strengthening and given that these disruptions are likely to push for longer haul trades to strengthen it should also boost the overall supply/demand balance,” the shipbroker said.

Nevertheless, things have not been as positive in the crude oil trade, with the closure of refineries in the U.S. having also caused a drop in demand for shipments of crude oil.

“The disruption in port operations has also been the cause for the subdued activity being seen in the region over the past couple of days, while it has also taken out some fixing volume from other regions as charterers take a wait and see stance before placing any new orders they may had planned beforehand. The closure of ports surely was the cause for large delays in operations, causing, in turn, a percentage of the fleet for several sectors to be taken out of action,” the shipbroking firm added.

The final impact of the hurricane on the market is yet to be assessed.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

N30trillion Probe: Senate Says “No Going Back”

Next Article

Despite recession, Nigerians Spend over N136.5bn on ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • FactFeaturedNews

    NIMASA REASSURES SECURITY ON NIGERIAN WATERS

    Mar 1, 2021
    By Editor
  • FeaturedNews

    Only Lazy Nigerians are Hungry-Customs Boss

    May 23, 2018
    By Editor
  • News

    Military Has Performed Excellently-

    Dec 7, 2024
    By Editor
  • News

    Senate Approves Customs Service Commission

    May 31, 2017
    By Editor
  • News

    NIMASA Leverages Technology For Security and Revenue Optimization

    Feb 21, 2025
    By Editor
  • News

    Navy Enforces Quit Order on Apapa Trucks

    Mar 12, 2018
    By Editor

Leave a Reply Cancel reply

  • News

    Customs Revenue: Buyers, Payers and Prayers

  • News

    Security: Ag. CGC Task Border Communities

  • maritime development
    FactFeaturedNews

    Dakuku at NIMASA ?

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

Maritime Academy: A Very Critical National Asset-Dr. Okonna

As MAN Trains 4, 595 Professionals, Restores Connection to National Grid, Begins Rewiring The Acting Rector, Maritime Academy of Nigeria, MAN, Oron, Dr. Kevin Okonna, has again emphasized the critical ...
  • “Efficient Sea Ports Crucial To Africa’s Economic Growth”-Dr. Dantsoho

    By Editor
    Jul 30, 2025
  • Nigeria’s IMO Council Bid Gains Traction With MOWCA Executives

    By Editor
    Jul 30, 2025
  • Customs Urge Nigerians To Comply With Visa Regulations

    By Editor
    Jul 30, 2025
  • “MAN A Pivotal Institution For The Blue Economy” Senator Eshinlokun

    By Editor
    Jul 29, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved