The renaissance in North American crude oil production appears to have set the stage for the revival of the Jones Act tanker market.

While many vessels trading in the Middle East and Asia are struggling to break even, day rates for US flag tonnage have surpassed the $65,000 mark in both the spot and period markets.

MJLF & Associates, one of the few mainstream tanker brokerages with a desk dedicated to the US flag, believes levels will remain strong and are unlikely to fall below this benchmark over the next few years.

In