U.S. Vessels Ready to Transport Fuel to Northeast: AMP

Press Release
Wednesday, March 28, 2012

Washington, D.C. – With concerns that refinery closures in the Northeast may cause gas prices to increase further, the American Maritime Partnership (AMP) notified the Administration that American vessels have ample capacity to transport petroleum to the region from the Gulf of Mexico. AMP’s letter comes after a federal analysis omitted key data about the domestic shipping industry’s overall capacity.
 
“Today, there is more than adequate American tank vessel capacity to address any additional refinery closures,” the AMP Board of Directors wrote in a letter to Energy Secretary Steven Chu, Homeland Security Secretary Janet Napolitano and Transportation Secretary Ray LaHood. “A large American tank vessel fleet of modern and highly sophisticated vessels exists in this country to move petroleum products.”
 
The Northeastern United States faces possible changes in its petroleum markets because of potential refinery closures. There have been suggestions that the increased volume of product transported by vessels from the Gulf of Mexico to the Northeast would exceed U.S. tank vessel capacity.
 
The Energy Information Administration (EIA), part of the U.S. Department of Energy, released a report in February suggesting that Jones Act tank vessels might be in “short supply” in the case of refinery closures. The AMP letter said the report did not consider tank barges, including modern articulated tug barges, which are a primary means of transporting petroleum products in the United States.
 
“In an error of omission, the EIA's analysis understated the American tank vessel capacity by approximately 50 percent,” the AMP letter said.  “Once all American tank vessel capacity is considered, there is ample capacity to address changes in petroleum product markets as a result of Northeast refinery closures.”

The letter noted that the group is working with EIA to update its information and correct its report.
 
AMP said the use of American vessels will not impact gasoline pump prices, noting that 90 percent of the price of gas at the pump can be attributed to the cost of crude oil and taxes. Crude oil prices alone constitute 78 percent of the price of gasoline, overwhelming other factors like transportation.
 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Livanos Becomes Euronav Chairman

On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Marc

MN 100: gplink

1500 Sensation Weigh Beaufort, NC 28516 Tel: (252) 504-2640    Email: dwebb@gplink.com Website: www.gplink.com President & CEO: Greg Poole, III The Company: gplink

Pine Galaxy to Arrive SF Bay Wednesday

The disabled mixed-products tanker Pine Galaxy is expected to arrive in San Francisco Wednesday morning. The ship is being towed by commercial tug to San Francisco Bay.

Energy

Livanos Becomes Euronav Chairman

On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Marc

Scottish Independence Would Hurt Maritime Sector

A vote for independence from the U.K. would have a negative effect on the Scottish shipping and offshore maritime sector, according to a survey by leading international

Report: Ports Lack Maintenance Support

The latest Barometer Report from Trelleborg has revealed a huge gap in the maintenance requirements of port owners and operators, and the support that suppliers are able to provide.

News

Reflex Marine to Bring FROG-6 into Mexico

Reflex Marine has been granted approval by the Mexican Merchant Marines to sell its crane transfer device, the FROG-6, in Mexico. The certification is a result

Euronav Books Profit from Sale of Chartered Ship

The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party.

Seaborne Ethane and Demand for a New Ship Type

Lloyd's Register report looks at the commercial landscape, regulatory issues and technical realities of a new trade in ethane emerging as a result of increased U.

 
 
Maritime Contracts Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1317 sec (8 req/sec)