Despite the decline in the price of crude oil over the past year, the subsea hardware market is expected to grow by 27 percent to 2019. Subsea tree installations (a subsea tree monitors and controls the production of a subsea well) numbered 350 last year, which, according to Douglas-Westwood market analysts, is the highest volume to date. The trend is forecasted to continue until 2018 when orders won’t be as brisk. Asia, Latin America and Africa are identified as together creating nearly half of global expenditures. Hydrocarbon demand will continue to grow, which bodes well for long-term capex investments, despite short-term potential cancellations… MORE
The Port of Oakland wants to operate on Saturdays, but has a couple of concerns about potential weekend gate openings, the port’s executive director revealed in a recent letter to the Federal Maritime Commission. (Read full article)
Port Metro Vancouver Shows Mid-Year Growth
By Mark Edward Nero
Port Metro Vancouver, Canada’s largest port, is seeing continued growth in trade through the Pacific Gateway, according to recently released mid-year statistical data. (Read full article)
Imperium Renewables Sale Finalized
By Mark Edward Nero
Seattle-based oil and energy company Imperium Renewables Inc., which operates the largest BQ9000 certified biodiesel plant in the US, has been acquired by Iowa-based Renewable Energy Group (REG), the country’s largest producer of biodiesel.(Read full article)
Vancouver USA Completes Rail Project
By Mark Edward Nero
The Port of Vancouver USA and its partners on Aug. 17 cut the ribbon on a $30 million rail project that is expected to help ensure that trains move, that goods flow from regional businesses and that Washington state remains competitive in the global market.(Read full article)
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Oakland Port Moving Toward Saturday Operations
