Fastest-loading crude export sails from LOOP, bound for India

The third-ever and fastest-loading crude export out of the Louisiana Offshore Oil Port (LOOP) sailed Wednesday afternoon and is headed to India, according to S&P Global Platts vessel-tracking software and confirmed by sources Monday. Eagle Vancouver, a 311,900 mt VLCC, is due in Cochin, India, on July 22 and was in the Caribbean Sea south of Puerto Rico on Monday, according to cFlow, Platts trade flow software. A source familiar with the situation said LOOP loaded the tanker one day faster than its previous best. Indeed, cFlow showed six days between Eagle Vancouver’s arrival and departure from LOOP. That compares with seven days for Shaden and 10 days for Nave Photon, the first and second VLCCs to load at LOOP earlier this year, respectively. The source said LOOP is now “two to three days faster than anyone in the Gulf who has to do reverse lightering.” US Gulf Coast VLCC loadings average 10 days, according to a recent presentation by an Occidental Petroleum representative. By comparison, the FPMC C MELODY, another VLCC, is loading in the US Gulf Coast at Enterprise Products’ Texas City dock on the Houston Ship Channel. That vessel arrived Thursday and remained at the dock Monday.… continue reading

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Source: CTRM Center

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