New York, 1 November (Argus) — The closure of New York Harbor in the aftermath of Hurricane Sandy earlier this week is slowing shale crude shipments out of the US Gulf to the northeast.
The 339,000bl American Phoenix was due to start unloading shale-derived crude at Phillips 66's 250,000 b/d Bayway refinery in Linden, New Jersey, refinery late last night. But the vessel has been forced to lay up in the mouth of the Delaware river while it waits for New York harbor to reopen. The Bayway refinery was flooded during the category 1 storm. It and the company's associated terminals remain off line. Phillips 66 has offered no time line for a restart of that facility.
Since entering the dirty trade in August, the American Phoenix has been loading a cargo of shale oil roughly once a month, equivalent to around 10,000 b/d of evacuation capacity out of the US Gulf. New York Harbor partially reopened to barge traffic this morning, but most terminals remain shut and no tankers have yet been allowed to enter.
Send comments to firstname.lastname@example.org
If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.
Copyright © 2012 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.