AMP: Jones Act Fleet Can Meet Demand

press release
Thursday, April 26, 2012

American Maritime Partnership (AMP) Tells Congress That American Fleet Can Meet Additional Demand If Sunoco Refinery Closes Corrects Erroneous EIA Report.

In written testimony to the U.S. Congress’ Joint Economic Committee, the American Maritime Partnership (AMP) criticized and corrected an Energy Information Administration (EIA) report that said American tank vessels may be “in short supply” if a Northeast refinery closes later this year.

EIA’s assessment came in a February 2012 report titled Potential Impacts of Reductions in Refinery Activity on Northeast Petroleum Markets.  That report counted only American tankers and not tank barges, thereby missing about 50 percent of American tank vessel capacity, a “substantial error,” AMP testified.

AMP told the Committee that ample American tank vessel capacity exists to transport any additional petroleum product.  The Committee is meeting today regarding the impact of possible refinery closures on petroleum supplies in the Northeast. 
 
 

Since the issuance of the original report, EIA has conceded that it missed counting about 270 tank vessels, including large articulated tug barges, but has refused to change its conclusions.

“Remarkably, EIA now finds itself taking the position that even though it failed to count approximately 50 percent of the American tank vessel capacity, its original conclusion has not changed,” the AMP testified.  “More recently, EIA has said that ‘there may be no way to address [our] concerns’ and that ‘assessing the degree of impact may not be possible.’”
 
AMP represents all elements of the American domestic maritime industry, including vessel operators, shipbuilders, maritime personnel, and pro-defense organizations.
 
“We are deeply disappointed that EIA made no attempt to speak to industry officials before issuing its original report and now refuses to alter its original erroneous conclusion,” the AMP said.  “To our amazement, the original study with vessel numbers that even EIA admits are blatantly wrong remains prominently displayed on the EIA website.”  
 
American Maritime Partnership ("AMP") is the voice of the U.S. domestic maritime industry, a pillar of our nation’s economic, national, and homeland security. More than 40,000 American vessels built in American shipyards, crewed by American mariners, and owned by American companies, ply our waters 24/7, and this commerce sustains nearly 500,000 jobs, $29 billion in labor compensation, and more than $100 billion in annual economic output according to a study by PricewaterhouseCoopers for the Transportation Institute. So efficient are these vessels that they carry a quarter of the nation‘s cargo for only 2 percent of the national freight bill, and being American owned, built and crewed helps make America more secure.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday.

Fos Tanker Queue Grows as Strike Impacts Refinery Ops

Nearly two dozen vessels were queued outside the French oil import terminal in Fos, southern France on Thursday, held up by a strike organised by the hardline CGT

Statoil Says Sees European Gas Prices Bottoming Out

Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply,

Government Update

Seaspan Responds to Canada’s NSS Announcement

In response to the Government of Canada’s announcement of a series of enhancements to strengthen the National Shipbuilding Strategy, Seaspan Shipyards’ president

Saint Lucia Accedes to Four IMO Treaties

Saint Lucia has acceded to four International Maritime Organization (IMO) treaties, including conventions covering ballast water management (BWM Convention) and

Migrant Boat Capsizes, Second in Two Days

A migrant boat capsized in the Mediterranean on Thursday and about 100 of its passengers have been rescued while the number of dead is unknown, officials said.   It

Logistics

Lower Large Dry Bulk Rates drag Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday dragged down by lower demand for larger vessel segments.

EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday.

Asia Dry Bulk-Capesize Rates Could Climb

More coal cargoes, rising oil prices could support rates. Freight rates for large capesize dry cargo ships on key Asian routes are likely to rise next week on

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1097 sec (9 req/sec)