Two Shippers Apply for US Jones Act Waiver

Two shippers to use waiver to ship fuel to U.S. Northeast in the acute fuel shortage following the passage of Hurricane Sandy.

Two companies have told the United States they intend to take advantage of a waiver allowing foreign-flagged ships to take oil products and additives from the U.S. Gulf to the Northeast to help relieve a fuel crunch after Hurricane Sandy, a government source informed Reuters.

The Department of Homeland Security issued a rare blanket waiver of the 1920 Jones Act on recently. At the time, only one company had indicated it wanted to ship fuel to the Northeast on a foreign ship.

The waiver allows foreign-flagged ships to load oil products from the Gulf of Mexico until Nov. 13 and deliver it to ports in the Northeast by Nov. 20.

Source: Reuters