Bakken-to-Cushing Crude Oil Pipeline: Demand Assessment
Enterprise Products Partners says it has started a binding open commitment period to determine shipper demand for capacity on a proposed new pipeline that would originate in the Williston Basin of North Dakota and also serve the Powder River and Denver-Julesburg (“DJ”) Basins. The 30-inch diameter pipeline would extend approximately 1,200 miles to the Cushing hub in Oklahoma and is currently designed to have an initial capacity of approximately 340,000 barrels per day (“BPD”) of crude oil, expandable to more than 700,000 BPD.
Jones Act Tanker Market to Grow with Oil Production Boom
The Jones Act has been blamed for everything from higher prices of goods and oil to a shortage of rock salt supply in the Northeast during the past winter, but the 94-year-old U.S. federal statute governing the U.S. coastal shipping trades will not be going away anytime soon. The solid status of this deeply entrenched U.S. federal maritime law is reflected in heavy investments by oil, logistics and shipping companies in this lucrative domestic shipping sector.
Circle Line to go Solar
Last year, Circle Line unveiled a state-of-the-art solar and wind powered hybrid electric ferry named Miss Statue of that it predicts will join their Statue of Liberty and Ellis Island fleet and will bring a green revolution to waterborne transportation in . Circle Line, the New York City ferry operator that provides millions of visitors with trips to the both the Statue of Liberty and Ellis Island each year, unveiled a model of the solar and wind powered hybrid vessel…
President Bush signs Marine Highway Legislation
On Dec. 19, 2007, President George W. Bush signed into law the Energy Independence and Security Act of 2007, which contains provisions establishing a formal marine highway program within the federal government. Under the new law, marine highway or "short sea" transportation refers to the carriage by vessel of cargo in containers, loaded on the vessel by cranes or by means of wheeled technology. Specifically, the new law requires the establishment of a program and the designation of transportation projects to mitigate landside congestion.
