Floating storage – USGC
- EIA statistics and Kpler data showed that crude oil exports from US Gulf Coast have increased over the last few weeks, passing above 700 kbd, according to EIA. Koch Ingleside terminal, located in Corpus Christi, has ramped-up exports and reached 100 kbd in a few weeks.
- On the other hand, Enterprise Houston, a terminal that regularly ships US crude to several outlets in Europe and Latin America, has significantly decreased the number of shipments. No exports from Enterprise Houston were seen in January so far.
- As a consequence of a lack of infrastructure for VLCC loadings in USGC terminals, reverse lightering is the preferred method to load VLCC’s. In January, we have already seen 2 VLCC’s loading their cargo offshore and heading towards Asia.
- Awtad loaded approx.1.8 million barrels of crude after 3 ship-to-ship operations with Eagle Kinarut, Eagle Texas and Cap Theodora. The latter transferred approx. 500,000 barrels of Maya crude. Eagle Kinarut and Eagle Texas loaded their respective cargoes at Koch Ingleside.
- Manifa received her cargo after 3 ship-to-ship operations and signaled Singapore ETA Feb-27.
- A third VLCC is currently receiving her cargo in Galveston Offshore. Gener8 Chiotis already received approx. 745,000 barrels from Astro Sculptor, which previously loaded at Corpus Christi