Cayman Island Oil Transfer Terminal To Start Operations—Will Cut U.S. Costs
The first transfer of crude oil from VLCCs and ULCCs to smaller tankers off Little Cayman Island in the British West Indies will take place in the near future.
This operation will be the start of what is planned to be a millionbarrel- a-day oil transshipment complex aimed at supplying U.S.
Gulf and East Coast ports.
Planning for this facility has been underway for the past six years, and was culminated in March by the signing of an agreement by the Cayman Islands government and Cayman Energy, Ltd., an offshoot of Capt. Harold E. van der Linde's firm of Transportation Concepts and Techniques, Inc. of New York, N.Y.
The announcement of the operation was made recently in New York by Clyde Smith of Transportation Concepts and Techniques, Inc.
The initial phase of the project calls for the offshore transfer of oil from the Arabian Gulf to 30,000-70,000-dwt tankers. Storage facilities on shore for 10-million barrels of crude oil and a two-ship berth will be constructed on 3,200 acres leased for 99 years by Cayman Energy.
This island is strategically located for this operation — it is about 800 miles closer to U.S.
refineries on the Gulf Coast than other transshipment terminals.
Also, Mr. Smith stated that only 120 yards offshore the water depth plunges to more than 600 feet. This provides for a short trestle leading out to dolphins for mooring. Captain van der Linde estimates that this location will reduce the cost of shipping oil to the U.S. by 8 to 10 cents per barrel.
The facility will be available to all oil companies on a nonexclusive basis.
The Cayman Islands government will receive a royalty paid on a per barrel of oil transferred basis, with a minimum fee per month and a guaranteed $3.6 million the first year.
Cayman Energy, Ltd. is headed by Captain van der Linde, who has been involved in oil transportation for many years. A graduate of the U.S. Merchant Marine Academy, he has served as a ship's master, was operating manager for U.S. Bulk Carriers, founded Penn Shipping Company, was president of Worldwide Transport, a Continental Oil Co.
tanker company, and founder of his present company, Transportation Concepts and Techniques, Inc.
Other stories from May 1977 issue
- Nippon Steel Completes Floating Tanker Berth For Alaska Pipeline page: 4
- Conoco And Mitsui Group Verify Feasibility Of Floating Methanol Plant page: 4
- Hellenic Lines Orders Ro/Ro Ships In Japan page: 6
- Krupp Atlas Elektronik Names Henry S. Woods M a r i n e Sales Manager page: 6
- Dravo Corporation Names M.B. Meyer And J.J. Burke page: 6
- Hitachi Zosen Creates New Ship Conversion Planning Department page: 6
- Literature Describes Solid State Salinity Indicating System page: 8
- Campbell Industries Completes Specialized Vessel Designed To Tow Oil Drilling Rigs page: 9
- Hitachi Zosen Receives Floating Pontoon Jetty Contract From A r a b i a page: 9
- Camlock Appoints Alexander Industries page: 9
- George Manchester Joins Uniflite, Inc. page: 9
- M a r i t i m e Overseas A w a r d s Contract To A i r f i l co Engineering page: 10
- A m e r i c a n Ship Building Names A l l e n Zang President Of Nabrico page: 10
- IHI Delivers 269,800-DWT Texaco Caribbean page: 11
- Norfolk Shipbuilding And Drydock Corporation Signs Two Multimillion-Dollar Contracts page: 11
- Energy Research In The Oceans page: 12
- Donald Rumsfeld Guest Speaker At Worthington Technical Awards Dinner Honoring Young Engineers page: 12
- ASNE Pascagoula Section Hears Technical Paper On Marine Boiler Controls page: 13
- Newport News Opens O n e - H a l f Acre School To Train Welders page: 17
- Cayman Island Oil Transfer Terminal To Start Operations—Will Cut U.S. Costs page: 20
- American Club Elects Board Of Directors page: 20
- United States Lines Appoints Robert H. Splan page: 20
- Uniflite, Inc., Sells 6 Corsair Patrol Boats To Union Of Burma page: 23
- University Of California Plans To Build Large Oceanographic Vessel page: 24
- Alden Introduces FM Facsimile Recorders page: 26
- Norfolk Ship Names Richardson And Eure To New Positions —Officers Reelected page: 26
- Seabury McGown Named Uniflite's Manager Of Contracts Administration page: 28
- Seatrain Int'l Forms Saudi Container Services As Joint Venture page: 28
- Marine Concrete Forms Repair Division page: 29
- Jurong Converts Bulk Carrier To Great Lakes Ore Carrier page: 30
- Bethlehem Announces Promotions —John Estes To Beaumont Yard —Sherman Perry To Singapore Yard page: 30
- N o r w e g i a n Firm Invests In Multipurpose Freighters page: 31
- SNAME Issues Call For Technical Papers For 'Propellers 78' page: 32
- M a r i n e Management Systems, Inc. Receives $ 1 9 0 , 0 0 0 M a r A d Contract page: 33
- The Care And Lubrication Of Marine Diesel Engines page: 35
- SNAME Chesapeake Section Hears Paper On Analysis Of Advanced Naval Vehicles page: 36
- N o r f o l k Ship Orders 950-Foot Drydock From Brazilian Yard page: 36
- St. Louis Ship Names Cumming And Storck page: 36
- Farboil Co. Appoints Maritime Supply For Southern Florida page: 36
- Line Fast Announces Improved Container Securing Twist Lock page: 37
- Columbus Line Names Two Assistant VPs page: 37
- Robert E. Apple N a m e d President Stanwick Company page: 38
- First New York Port Navigational Aid & Communications Conference Is A Success page: 38
- N a v y Awards $ 9 6 8 , 0 00 Fiberglass Patrol Boat Contract To Uniflite page: 39
- Basil Rusovich Elected President Int'l Trade Mart page: 39
- New Dravo SteelShip Descriptive Brochures Now Available page: 39
- California ASNE Reviews Automatic Position Control page: 40
- The Education Of Engineers For The Ocean Industry Is Subject Of SNAME Meeting page: 40
- Equitable Shipyards Launches Ferryboat V i r g i n i a Dare For State Of North Carolina page: 40
- SNAME Philadelphia Section Hears Presentation On 'Ocean Thermal Energy Conversion' page: 41
- Halter Delivery To Tidewater Completes Eighty-Six Vessel Fleet Expansion Program page: 41
- D r e w r y Report R e v i e w s C a r - C a r r y i n g Fleet page: 42
- Rutland M a r i t i m e Names Fernando I. Duque page: 43
- Ro-Ro 7 7 Scheduled For June 21-22, 1977 In London, England page: 43
- A v o n d a l e Delivers Hydraulic Dredge I l l i n o i s - Flagship Of Great Lakes Dredge And Dock Fleet page: 44
- EDO Corporation Names John Devine To Head International Division page: 44
- Newport News Appoints John H. McMullen Jr. page: 44
- Chesapeake Section Of SNAME Hears Papers On Propeller Cavitation And Unsteady Forces page: 45
- Barge-Mounted Ammonia Production Plant Designed By Gotaverken And Haldor Topsoe page: 46
- Gulf's Oil Recovery Vessel For Bantry Bay, Ireland Built In Rhode Island By Blount Marine page: 46
- H a l i f a x W i l l Host W o r l d Fishing Exhibition page: 47
- Brown & Root, Inc. Names Three Executives page: 47
- COMSAT General Elects McLucas President- Johnson Named Chairman page: 47
- Return On Tankship Investment Subject Of N.Y. SNAME Meeting page: 48
- Paper On Technical Aspects Of Ocean Mining Presented At SNAME Los Angeles Meeting page: 49
- Sun Ship Names Schmitt Naval Architect Administrative Division page: 49
- 128 Plant Facilities Located On Waterways In Fourth Quarter '76 page: 49
- H i l l m a n Delivers Exxon Towboat W i t h 40-Foot Eye Level Pilothouse page: 50
- NASSCO Elects Evans Vice Pres.-Engineering page: 50
- Gulf Section SNAME Holds Annual Spring Meeting page: 50
- Two Matson Navigation Executives Trade Jobs page: 51
- Paceco Holds Third International Conference page: 51
- N.Y. Metropolitan SNAME Honors John Livingston —Hears Paper On 'Design Of Reheat Turbines' page: 54
- R / V Deepsea Miner Equipped W i t h 70-Foot-High Enclosure page: 55
- Nominations Are Open For Shepheard A w a r d page: 56
- M a r i t i m e Administration Names George Bornkessel To N e w Orleans Post page: 56
- PFEL Names R.C. Rasmus Senior Vice President page: 57
- Literature Describes Wager Photoelectric Smoke Indicator page: 57
- Dr. Francis N a m e d Kings Point Engineering Chief A n d USMS Captain page: 58
- Joint S N A M E / C I M E Meeting Hears Paper On Operations Of Gas Turbine Destroyers page: 58