ILTA Monthly Newsletter
November 6, 2019
Issue Update
The Surface Transportation Board on October 7 issued three actions to address issues raised at the May 2019 public hearing on railroad demurrage and accessorial charges.
The U.S. House of Representatives on October 28 voted to approve H.R. 2440, the Full Utilization of the Harbor Maintenance Trust Fund (HMTF) legislation, just days after ILTA sent a letter to House members urging such action.
ILTA is proud to support the U.S. Coast Guard Foundation and has increased its engagement with the USCGF during the past year. In September, ILTA was a sponsor of the foundation’s Pacific Northwest Awards Dinner, held in Seattle, Washington.
The U.S. Coast Guard in late September submitted for review by the Office of Management and Budget (OMB) a final rule that would extend the effective dates of the TWIC Reader Final Rule.
Marathon Petroleum Company Director of Engineering Services Ed Cimaroli and ILTA Vice President of Regulatory Affairs Peter Lidiak joined the National Association of Tank Truck Carriers at its annual Tank Truck Week in Nashville on October 1.
EPA’s Office of Transportation and Air Quality has released a prepublication draft of its proposal to streamline its fuels regulations (40 CFR Part 80).
The Trump Administration has announced a sweeping change to federal ethanol rules to placate farmers furious with the president's earlier decisions to exempt dozens of small oil refineries from requirements to blend biofuels into the nation's fuel supply.
House Financial Services Committee Chairwoman Maxine Waters (D-CA) on October 16 introduced legislation that would reauthorize the Terrorism Risk Insurance Act (TRIA) program for another 10 years.
Unmeasured losses in terminal operations can cost millions
Endress + Hauser, Inc.
In modern tank and terminal facilities, material transfer operations include a mix of legacy processing systems, new technologies installed to improve operations, and tank monitoring software. But some older facilities have not modernized their operations and can be subject to millions of dollars in unaccounted losses. An assessment of the current situation is the best place to begin.
Read more
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ILTA News
The board of directors of the International Liquid Terminals Association on October 30 elected Clifford R. “Kip” Middendorf for a one-year term, effective through October 2020. Middendorf is vice president and managing director of Wolf Lakes Terminals.
American Tank & Vessel, Inc.
Member News
In October, ILTA welcomed two new terminal members, Saudi Aramco and LimeTree, and re-welcomed Jefferson Energy to its terminal roster.
MarketScreener, Oct. 9, 2019
Royal Vopak has completed divesture of its Algeciras, Spain terminal to First State Investment, subject to customary closing conditions. The total transaction, including 100% of the Algeciras terminal shares, is estimated at EUR 125 million.
Markets Insider, Oct. 21, 2019
Buckeye Partners, L.P. announced that full regulatory approval for its acquisition by the IFM Global Infrastructure Fund has been received, with completion of the proposed merger expected prior to the market opening on Nov. 1, 2019. Outstanding limited partner unitholders are slated to receive $41.50 per unit as part of the merger.
Market Insider, Oct. 22, 2019
GTI Statia announced the appointment of three senior management positions including long-time industry leaders John Roller as President and CEO, Jim Calvert as CCO and Karen Vázquez as CFO. The three will head the team from the new corporate offices in San Antonio, Texas.
HMT Inc.
Qi2 Elements
Upcoming Events
  

ILTA continues to sell booths and sponsorship opportunities for its 40th annual trade show in Houston June 8-10. Make sure to stand out in the crowd and buy some visibility with a sponsorship.