Second fully-laden VLCC has departed LOOP with export cargo

Second fully-laden VLCC has departed LOOP with export cargo

The Louisiana Offshore Oil Port (LOOP) announced on Wednesday that this month it has successfully loaded its second VLCC for export and the vessel is heading for a port in Asia, according to Reuters.

Navios VLCC Nave Photon was chartered by Houston-based Shell.

LOOP, a deep-water port in the Gulf of Mexico about 18 miles off of Port Fourchon, is America’s biggest privately-owned oil terminal and the only US port capable of fully loading a VLCC.

Before last month it had only handled imports. It serves tankers that are too big for US inland ports and accounts for more than 10% of foreign oil imports to the US.

The first fully laden VLCC export cargo to leave LOOP was on the Shaden last month, headed for a port in Shandong, China.

A four-decade-old ban on the export of almost all US oil was lifted in late 2015.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

Related Posts