US first for BW

A BW Maritime LR1 tanker has been booked to lift the first US oil condensate cargo to leave the country after the government relaxed its export ban.

Mitsui’s Westport Petroleum has chartered the 76,000–dwt BW Zambesi (built 2010) to load in Galveston, Texas, shipping sources told Reuters.

The 400,000-barrel cargo, sold by Enterprise Product Partners, is being marketed to Asian customers.

The vessel will earn $1.8m for the one-way trip through the Panama Canal.

By the end of the year, as much as 300,000 barrels could be exported each day, according to an analysis by Citibank.

Enterprise and Pioneer Natural Resources have approval from the US department of commerce to export condensate. US supply is estimated at about 1m barrels per day.