Incidents & Disruptions
Flooding along the Missouri and Mississippi rivers has forced Midwest lubricant companies to fall back on contingency plans for shipping as railways become submerged, industry insiders said this week.
The Houston ship channel reopened yesterday, returning to full operations for the first time since a fire at Intercontinental Terminal Co.s Deer Park, Texas, terminal in late March.
Hurricanes justifiably cause much consternation for Gulf Coast base oil refiners and their customers, but fog is a bigger disruptor, settling in more frequently and fouling supply chains for up to weeks at a time.
Flooding remains a significant disruptor of barge traffic of base oil on U.S. rivers, and it could worsen in coming years without increased investment in infrastructure.
Traffic through the Houston Ship Channel remains backlogged following a three day chemical fire at Intercontinental Terminal Co.s Deer Park, Texas, terminal last week.
Lithium supplier Livent Corp. suspended operations at its two Argentinian facilities this week in accordance with a national mandatory quarantine aimed at containing the spread of Covid-19. Meanwhile, the company suspended all capital expansion work, including a lithium hydroxide project in the United States and a lithium carbonate project in Argentina, according to an announcement Monday.