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The diesel shortage that wasn’t – crunching the numbers on US East Coast tanker demand

From seatrade-maritime.com

Sorting out the demand for tankers bringing products into the Northeastern US is a complicated business. Indeed, the anti-Jones Act propaganda machine, calling for waivers on use of compliant tonnage for coastwise moves, was in full swing, in late October and early November, 2022, as media angst regarding a “diesel shortage” in the northeastern United States, included in Petroleum Area Defense District 1 or “PADD 1”, were running rampant. Tanker watchers, armed with graphics from numerous vessel tracking websites, noted that US-flagged, crewed and owned tankers were calling at terminals in New York harbor. Normally, ... (full story)

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  • Category: Fundamental Analysis