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Tankers Stack Up in Port of Houston in Wake of Weekend Oil Spill According to Genscape's Vesseltracker Data

PR Web

Louisville, KY (PRWEB) March 25, 2014

Nearly 30 oil and chemical tankers remain moored in the Port of Houston this morning, some three days after an oil spill closed all marine traffic through the Houston Ship Channel, according to data from Vesseltracker, a Genscape company.

In addition, three tankers are approaching the port, and 30 more are expected today and tomorrow, according to the Vesseltracker data.

Authorities hope to reopen the channel sometime today, according to several media reports ( Fox News, March 24, 2014). As much as 170,000 gallons of heavy oil spilled into the Ship Channel on Saturday after a collision between a ship and a barge owned by Kirby Inland Marine, causing the barge to rupture and leak the oil.

If the channel reopens today, as authorities hope, little impact to the refining industry is expected. Refineries had ample crude supplies to last through the closure, and refinery runs were not expected to be affected, according to Jerry Patterson, commissioner of the Texas General Land Office. (Dallas News, March 23, 2014)

Genscape and Vesseltracker have combined their extensive proprietary monitoring networks to launch the world's most comprehensive and accurate datafeed of global shipping. With one of the largest privately owned AIS receiver networks on the planet and the largest AIS Satellite constellation currently available, Vesseltracker users gain fleet transparency, competitive analysis, and a new level of transparency into the global commodity supply chain. To learn more or request a free trial, visit http://info.genscape.com/houston-collision-2014.

About Genscape

Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain first-mover advantage, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com.

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For all press inquiries please contact:

Molly Hislop
Marketing Communications Manager
Office: +1 617 790 0903
mhislop (at) genscape (dot) com

Read the full story at http://www.prweb.com/releases/2014/03/prweb11701525.htm

Copyright:(c) 2014 PRWEB.COM Newswire
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