Market Intelligence
US Gulf Coast Waterborne Petroleum Shipments Climb in April and May
Waterborne movements of crude oil and refined products from the US Gulf Coast to domestic coastal markets increased significantly in April and May.
Waterborne shipments of crude oil and petroleum products originating in the US Gulf Coast, designated as PADD 3, saw notable growth during April and May. Deliveries bound for the West Coast, or PADD 5, experienced a substantial rise, more than quadrupling compared to the same period the previous year.
The sharp increase in traffic heading to the West Coast followed the implementation of a waiver. This regulatory provision permitted a wider selection of vessels to move cargoes between domestic ports.
Coastal movements to other regions also expanded during the period. Waterborne dispatches leaving the US Gulf Coast for destinations along the East Coast, designated as PADD 1, recorded an increase as well.
Source attribution
This report was written by the Global Freight editorial desk based on material published by U.S. Energy Information Administration. It is an original summary and analysis, not a reproduction of the source text. Figures and claims are limited to those present in the source material.
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