With everything the pandemic has thrown at the oil industry, the last time we took a serious look at US VLCC export infrastructure developments was back in January 2020. At this point in time, we counted 9 projects under development, with the import focused Louisiana Offshore Oil Port (LOOP) being the only terminal capable loading full VLCCs. Since then, the pandemic has forced a rethink, with several projects/investors consolidating their efforts, others going silent and some being cancelled altogether.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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