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Article: Short-haul cargoes edging out Mideast imports, shippers say.(smaller oil tankers taking larger share of the import market)
- Article from:
- The Oil Daily
- Article date:
- October 16, 1995
- Author:
CopyrightCOPYRIGHT 1995 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As U.S. crude imports from Latin American countries have begun to edge out longer-haul shipments from the Middle East, U.S. tankering firms have seen a shift in shipping and lightering trends.
"The trend [of more short-haul shipments] is there, and we're seeing a reduction in long-haul imports that in turn negatively affects our business," a source at a lightering firm said.
The increasing volume of short-haul shipments -- which now make up more than 51% of all U.S. crude imports compared with about 44% in 1993 -- tend to be smaller and more flexible about where they can enter the United States.
Short-haul shipments arrive in U.S. ports in ships such ...