Reuters: Regulatory News: UPDATE 2-Two shippers to use waiver to ship fuel to U.S. Northeast -source

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UPDATE 2-Two shippers to use waiver to ship fuel to U.S. Northeast -source Nov 5th 2012, 22:10 Mon Nov 5, 2012 4:20pm EST WASHINGTON Nov 5 (Reuters) - Two companies have told the United States they intend to take advantage of a waiver allowing foreign-flagged ships to take oil products and additives from the U.S. Gulf to the Northeast to help relieve a fuel crunch after Hurricane Sandy, a government source said. "As of today, two companies have notified MARAD of their intent to use the waiver to transport petroleum products and fuel additives from the Gulf to the Northeast to ensure it has the fuel needed to proceed with recovery efforts," the source said. The Department of Transportation's Maritime Administration is also known as MARAD. The Department of Homeland Security issued a blanket waiver of the Jones Act on Friday. At that time only one company had indicated it wanted to use the waiver. The waiver allows foreign-flagged ships to load oil products from the Gulf of Mexico until Nov. 13 and deliver it to ports in the Northeast by Nov. 20. The source would not say which companies intended to use the waiver.

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