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Bahamas gasoline imports up

Imports grew after Buckeye Partners LP’s Bahamas terminal received a March 6 ruling from the US Customs and Border Protection that allows gasoline components to be shipped from the Gulf Coast to the Bahamas, blended into finished gasoline and sent to the East Coast on foreign-flagged tankers, according to Bloomberg. 

Source:
Date:
Updated:
Bloomberg
Thursday, May 22, 2014
Thursday, May 22, 2014

Imports grew after Buckeye Partners LP’s Bahamas terminal received a March 6 ruling from the U.S. Customs and Border Protection allows gasoline components to be shipped from the Gulf Coast to The Bahamas, blended into finished gasoline and sent to the East Coast on foreign-flagged tankers. A law known as the Jones Act requires that U.S.-made fuel be shipped between domestic ports on U.S.-flagged vessels.

The Jurkalne transported 158,000 barrels of fuel to East Coast ports after leaving the Bahamas last week, according to Customs data. The Valle Azzurra brought 190,000 barrels to Perth Amboy, New Jersey, on March 14 after leaving the Bahamas.

This is an excerpt from Bloomberg as it appeared on May 22, 2014. For updates or to read the current version of this post in its entirety, please click here.

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