The U.S. Coast Guard has dismissed recent speculation regarding foreign tankers potentially repositioning to the Atlantic and Pacific markets rather than remaining in the Middle East. Reports surfaced early Thursday that tanker owners planned to register with the Coast Guard to facilitate trading within U.S. waters. However, a Coast Guard spokesperson stated that while they are aware of these reports, there is no verification of such activities, and no registrations have been submitted.
For foreign tankers to transfer cargo in the U.S., they must comply with U.S. regulatory requirements, which include having a valid tank vessel response plan and a certificate of financial responsibility, along with passing a Certificate of Compliance examination. Compliance timelines for these requirements can vary based on individual circumstances.
Amid tightening global energy bottlenecks, particularly with decreased jet fuel exports from South Korea, the United States is considering a temporary waiver of the Jones Act. This legislation typically restricts foreign tankers from operating between U.S. ports. Press Secretary Karoline Leavitt stated that the administration is exploring this option to ensure vital energy and agricultural shipments can flow freely, a measure last enacted during the aftermath of hurricanes in 2017.
